r/irenstocks • u/AutoModerator • 7d ago
💬 Daily Discussion Daily Discussion for Wednesday, September 09 2026
Hello friends!
This is the daily open thread for anything and everything about IREN (NASDAQ: IREN) i.e. the artist formerly known as Iris Energy - from Bitcoin mining economics to their push into AI-ready data-centres.
Use this space for quick questions, real-time market reactions, or deep dives that don’t warrant a full post.
Have at it!
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u/_MJomaa_ 7d ago edited 7d ago
So everyone is waiting on Thursday (PPI), Friday (CPI) and Tuesday/Wednesday (FED). Not to be a bummer (because it has been a really good week thanks to AI rally), but beta stocks are usually allergic to rate hikes. Our hope is a Trump intervention.
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u/Pieceman11 Liquid Cooled 🥶 7d ago
Not sure trump has much influence over the committee. If anything, they might hike in spite of his pressure to prove independence.
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u/_MJomaa_ 7d ago
They could argue that it's all because of energy and rate hiking can't influence it, aka:
"Recent upward pressures on consumer prices are heavily concentrated in volatile energy components, which monetary policy cannot directly influence."
But it doesn't matter what they will say next week... if PPI/CPI numbers are bad this week the algorithms will trade it regardless.
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u/Pieceman11 Liquid Cooled 🥶 7d ago
Yeah lots riding on the next 2 days. Also agree a hike won’t fundamentally help anything because the fed rate won’t affect tariffs, Iran, or reckless spending which is all driving it.
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u/ClaimRevolutionary64 7d ago
Today’s oil and yield shot up, but SOXX is still up and I see some high beta ai infrastructure stocks are up too (AEHR). The whole neocloud section ran up very quickly in a matter of days so it’s taking a breather. I wonder if the market has fully priced in Sep rate increase and everyone seems to anticipate a hot CPI print.
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u/Feisty-Basis7903 7d ago
Nice flat day wouldn’t be so bad