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August 3-9 Global Macro Guidance: Switching of the Market's Three Major Pricing Logics, The Clarity Act Determines Crypto's Short-Term Rise! This week, the market needs to switch from macro to earnings three major pricing logics: A. The US-Iran geopolitical risk has returned to negotiations from war, and can an agreement be reached on the strait issue to ease energy price pressures? B. U.S. macro data shifts from inflation to employment—can employment shake Walsh's policy framework? #30年期美债, the top or a new beginning? #财报观察员: Four lottery draws this week, Circle closes #美伊重回谈判桌, oil prices pull back to C, US AI trading shifts from giant capital spending to industry chain interests—can each company's earnings report support confidence in the supply chain? This week's key summary: Will crude oil fall? Will the US economy cool down moderately? Will AI profits continue to grow? This week is different from last week. Last week, the US stock giants' earnings reports had a greater impact on the market than macro data or geopolitical factors. This week, US US earnings reports entered a routine verification phase, with their weight reduced. The biggest market influence shifted back to the US and Iran geopolitical dynamics, followed by employment data and interest rate expectations, and finally the earnings report. Everyone, pay attention to the key adjustments. 1. The US and Iran have shifted from military risk to agreement fulfillment. 1. Trump has been applying military and diplomatic pressure for two consecutive weekends, then TACO. The market is gradually adapting to the rhythm and becoming more desensitized. Market attention is no longer on whether the two sides can fight, but on whether the strait can resume navigation through some kind of agreement. 2. Iran's toughness and persistence, and Trump's continuous military pressure escalation and terror