MPC Markets

16/10/2026

We can't change where Australian tech companies list. We can only pivot.

The US has plenty of names priced for the business, not for a lack of choice.

IREN and Nebius are already on our Global Stock Recs.

https://mpcinvest.co/GlobalRecs

General info only, not advice.

16/10/2026

Hot inflation, and half the move was diesel.

Then a $1.9 trillion SOX wipeout, and CoreWeave's credit stress has everyone asking if the AI trade is about to crack.

On EP141 we break down CoreWeave properly: securitised GPU debt versus unsecured, why the CDS spike doesn't mean what most people think, and why a hyperscaler can still just buy the assets if the music stops. Plus US banks missing for a change, SK Hynix on a mid-single-digit PE, and whether bond yields have topped.

Buy, avoid and wildcard calls to finish.

EP141 Hot Inflation & CoreWeave Credit Crunch is live.

Watch: https://youtu.be/x2Y6hnzujA4
Spotify: https://open.spotify.com/episode/0TeCN9uzw2YZlktkGfYX9t

Neocloud angle interest you? Our Global Stock Recs: https://mpcinvest.co/GlobalRecs

General information only. Not personal financial advice. AFSL 296877.

16/10/2026

Liked the look of Firmus?

We already had two neocloud recommendations. Better-priced, more established, in the thick of North American and European data centres. IREN and Nebius.

Mark walked through the comparison on The Call last Thursday.

https://mpcinvest.co/GlobalRecs

General info only, not advice.

15/10/2026

New Bulls vs Bears episode tomorrow afternoon (~5pm Sydney).
What moved. What mattered. What's next.
YouTube: https://www.youtube.com/playlist?list=PLonxssa1GsVKfbgO8ADbH42eE-i6zxHCF
Spotify: https://open.spotify.com/show/6rqInHae45S66zMb7zyEFc
Apple Podcasts: https://podcasts.apple.com/au/podcast/bulls-vs-bears/id1733119809

15/10/2026

Nasdaq moves to 23-hour trading, five days a week, from December.

The pull of the US market for Australian investors only gets stronger.

Less dividends, more buybacks, more tech, more growth names. Same principles.

https://mpcinvest.co/GlobalRecs

General info only, not advice.

15/10/2026

Mark joined Ausbiz on The COB yesterday arvo as the ASX 200 closed down 0.64% at 8727.90. Weak US bank earnings dragged financials lower.

On the table: Glencore's first day on the ASX, CBA's AGM and the offshoring questions, Rio's Q3 update, Paladin's soft uranium quarter, Austal's Hanwha talks, Fletcher, SKS and US September CPI.

Mark's take on Glencore: welcome, but one more miner doesn't fix how thin the ASX menu is.

Stocks covered: CBA, GLC, RIO, FBU, PDN, SKS, ASB.

Full episode on Ausbiz: https://ausbiz.com.au/media/the-cob-a-matter-of-mettle?videoId=51695

General information only, not personal advice.

The local market finished in the red on Wednesday, following a weak lead from Wall Street as mixed earnings from major US banks weighed on sentiment.The S&P/ASX200 fell 0.64% to close at 8727.90 points.Financials followed their global counterparts lower as...

14/10/2026

Bulls vs Bears had its biggest week in a while off the back of the Firmus flop. Thanks for watching.

If a weekly chat isn't enough, the episodes live inside Mosaic with the daily Morning Call, our research notes and company updates. One hub instead of your inbox, YouTube and Spotify.

Free tier is content and research, no card needed. Paid plans add our investment products on top.
https://mpcinvest.co/mosaic

EP141 is out Friday. We'll pick up where Firmus left off.

General information only. Not personal financial advice. AFSL 296877.

14/10/2026

Firmus pulled its IPO. Canva, Atlassian, SharonAI, Airwallex and IREN never listed here.

That could have been four more tech names in our top 30. Instead it's still banks and miners.

IREN and Nebius were already on our Global Stock Recs.

https://mpcinvest.co/GlobalRecs

General info only, not advice.

14/10/2026

Banks don't usually sell insurance on a building that's already on fire.

So when they're happy to sell you Oracle CDS, Mark gets suspicious. Gut feel, no hard evidence, and he says so on the pod. Then OpenAI landed $50 billion of revenue against the $68 to $70 billion that was doing the rounds, and the commitments behind it still need huge compounding to stack up.

That's the OpenAI chapter of EP140, from 4:51:
https://youtu.be/EyTnv0W8xjw?t=291

Our research and every Bulls vs Bears episode also sit in Mosaic. Free tier, no card: https://mpcinvest.co/mosaic

General information only. Not personal financial advice. AFSL 296877.

13/10/2026

Firmus pulling the IPO was disappointing for the local market. Not because we were willing to own it at the price they were asking — we weren’t — but from the perspective of actually having more options in the index and the tech sector.

More disappointingly, the mishandling of it will be no encouragement to the “next up” AI companies in Australia to list here. Between Canva, Atlassian, SharonAI, Airwallex and IREN, our index could have had four more tech companies in the top 30. Instead we’re still mostly banks and miners.

That’s the part that stings. Something that gets people looking at the market again instead of treating it as a place for banks, miners and the odd healthcare name.

We can’t change it. We can only pivot. And with Nasdaq moving to 23-hour trading five days a week from December, the pull of the US market only gets stronger for Australian investors.

It’s a different market. Less dividends, more buybacks, more tech, more growth names. But the principles are the same.

If you liked the look of Firmus, we already have two recommendations in the neocloud space. Better-priced, more established, and in the thick of North American and European data centres. I walked through the comparison of Firmus to IREN (Aussie founded but US-listed) and Nebius on The Call last Thursday.

There are plenty of those opportunities in the US right now. Ones priced for the business rather than a lack of choice.

Our Global stock recommendations have been a hit with investors. If you want to know more, take a look here: https://mpcinvest.co/GlobalRecs