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New week, and it’s a busy one. Here’s the rundown. US and Iran are both pulling back, which opens the door again for peace talks. Brent crude has slipped under $90, and that gives risk assets some breathing room this week. ChangXin Memory Technologies, China’s biggest DRAM maker and one of STAR Market’s largest IPOs, listed today in A-shares at 8.66 yuan. That puts the valuation around 580 billion yuan. Wednesday is big: SK Hynix reports Q2 earnings. I’d put this on the same level as Nvidia. It’s a major signal for where the whole AI cycle is heading. Then Thursday we get US PCE. If core PCE MoM comes in hot, the market will start pricing in "higher for longer" rates. That pushes the dollar and yields up, and puts pressure on tech, BTC, and gold. If it comes in cool, liquidity hopes come back. That’s bullish for AI names and crypto. PCE tells us what inflation is doing. Later that same day, the Fed’s FOMC decision tells us what they’re going to do about it. After the US close on July 29, we also get earnings from Meta, Microsoft, Qualcomm, and Arm. Combined with SK Hynix, these reports will set the tone for AI tech and risk assets for the next quarter. By Friday we should have a much clearer picture of Q3 and Q4. AI isn’t a bubble yet. It’s still the main story. #FOMCRateWatch #AIEarningsWatch #OilDropsOnCeasefire