Warsh brought rate hikes back to the Fed, but optic rallies and our Micron setup are keeping tech warm

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Morning brief: Crypto got hammered in the Senate, but AI data partnerships are giving our Amazon position a fresh breeze

Fed Decision Awaited as Yields Surge: Wall Street is bracing for the Federal Reserve rate decision today amid 2007-high Treasury yields and elevated crude oil prices. Thermo Fisher Soars 4.6% on AI Push: Thermo Fisher Scientific surged 4.61% after its CEO stated AI drug discovery will boost client research budgets and accelerate organic growth. Coinbase Plunges 10.1% as Bill Fails: Coinbase dropped 10.10% after the U.S. Senate failed to advance the CLARITY Act, dealing a heavy blow to crypto regulatory hopes. Qualcomm Gains 4.3% on AI Data Push: Qualcomm rose 4.25% as StoneX reiterated a Buy rating, pointing to momentum from its multiyear AI data-center partnership with Amazon. Fed Rate Policy Takes Center Stage: Investors will scrutinize Federal Reserve commentary at 2 PM ET to gauge if today's expected rate hike is isolated or continuous.

Fed Decision Awaited as Yields Surge

Wall Street is bracing for the Federal Reserve rate decision today amid 2007-high Treasury yields and elevated crude oil prices.

Thermo Fisher Soars 4.6% on AI Push

Thermo Fisher Scientific surged 4.61% after its CEO stated AI drug discovery will boost client research budgets and accelerate organic growth.

Coinbase Plunges 10.1% as Bill Fails

Coinbase dropped 10.10% after the U.S. Senate failed to advance the CLARITY Act, dealing a heavy blow to crypto regulatory hopes.

Qualcomm Gains 4.3% on AI Data Push

Qualcomm rose 4.25% as StoneX reiterated a Buy rating, pointing to momentum from its multiyear AI data-center partnership with Amazon.

Fed Rate Policy Takes Center Stage

Investors will scrutinize Federal Reserve commentary at 2 PM ET to gauge if today's expected rate hike is isolated or continuous.

Posture: Defensive posture: With CNN Fear at 29 and benchmark yields past 5%, we maintain a defensive stance focused on high-quality cash flow.

Tickers in focus: AMZN, COIN, QCOM

Upcoming earnings

  • MU — 2026-09-30, After Market Close
  • PEP — 2026-10-08, Before Market Open
  • UNH — 2026-10-13, Before Market Open
  • C — 2026-10-13, TBD
  • GS — 2026-10-13, Before Market Open
  • JNJ — 2026-10-13, TBD

Evening brief: Warsh brought rate hikes back to the Fed, but optic rallies and our Micron setup are keeping tech warm

Fed Hikes Rates, Signals Tightening: The Federal Reserve delivered its first rate hike in three years, with Chair Warsh warning high inflation demands further tightening. Lumentum Surges 9.6% on Optics Demand: Lumentum surged 9.59% as Ciena's bullish multi-year targets and upbeat analyst coverage sparked a broad rally in AI optical infrastructure. Oxy Drops 6.6% as Crude Oil Slips: Occidental Petroleum fell 6.55% as crude oil slid nearly 3% following a smaller-than-expected EIA inventory drawdown. Astera Labs Gains 6.6% on AI Summit: Astera Labs jumped 6.59% as dip-buyers stepped in following next-gen smart memory controller reveals at the AI Infrastructure Summit. Micron Earnings Setup Looming Big: With Fear & Greed down to 26, eyes turn to Micron's September 30 earnings report as the next major test for AI hardware momentum.

Fed Hikes Rates, Signals Tightening

The Federal Reserve delivered its first rate hike in three years, with Chair Warsh warning high inflation demands further tightening.

Lumentum Surges 9.6% on Optics Demand

Lumentum surged 9.59% as Ciena's bullish multi-year targets and upbeat analyst coverage sparked a broad rally in AI optical infrastructure.

Oxy Drops 6.6% as Crude Oil Slips

Occidental Petroleum fell 6.55% as crude oil slid nearly 3% following a smaller-than-expected EIA inventory drawdown.

Astera Labs Gains 6.6% on AI Summit

Astera Labs jumped 6.59% as dip-buyers stepped in following next-gen smart memory controller reveals at the AI Infrastructure Summit.

Micron Earnings Setup Looming Big

With Fear & Greed down to 26, eyes turn to Micron's September 30 earnings report as the next major test for AI hardware momentum.

Posture: With Fear & Greed at 26 (Fear) and active Fed tightening, we adopt a Defensive posture to prioritize capital preservation.

Tickers in focus: MU, SPY

Upcoming earnings

  • MU — 2026-09-30, After Market Close
  • PEP — 2026-10-08, Before Market Open
  • UNH — 2026-10-13, Before Market Open
  • C — 2026-10-13, TBD
  • GS — 2026-10-13, Before Market Open
  • JNJ — 2026-10-13, TBD

The day's moves on the ledger

No slate changes were logged this day.

← Tuesday, September 15, 2026 · Thursday, September 17, 2026 → · Archive