Best Quarter in Six Years Chips Steal the Show

The best quarter in six years just wrapped and it was all about chips. SOX up 88%, Micron quadrupled, Intel trebled, SanDisk up 700%+. The stuff that was up was always going to head up on the last night of the half — world's most obvious window dressing move.But here's the thing nobody's talking about: the Magnificent Seven are actually down 4% for the year. Microsoft off 24%. The companies doing all the AI spending are getting punished while the companies selling them the shovels are printing money. Something's got to give.In today's episode: → Why the best quarter since 2020 might not mean what you think it means → Gold's worst quarter since 2013 — down 24% from the January highs → Samsung and SK Hynix announce a $1.3 TRILLION chip investment → Nike beats on top and bottom line, still sells off. Classic. → Iran talks resume in Doha but Goldman's "two weeks back to normal" Hormuz call is on another planet → What the JOLTS surprise means for rate hikes → ASX kicks off FY27 — South32 sells aluminium to Alcoa for $8.1bn → Why healthcare might be where the smart money rotates nextS&P 500 closed at 7,496 (+0.8%), Nasdaq at 26,213 (+1.5%), Dow hit a record 52,317. SPI futures +8 to 8,784 for the open. Payrolls Thursday night with no US session Friday to absorb it. That's going to make for an interesting Asian open.🎧 Listen on Spotify: https://open.spotify.com/show/1igBks6... 🎧 Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast... #StockMarket #MorningCall #SPX #NASDAQ #Semiconductors #NVIDIA #ChipStocks #GoldPrice #IranWar #FederalReserve #AustralianInvesting #MPCMarkets #WallStreet #AIStocks #SOX #Samsung #OilPrice #FY27 #South32