🚨 SoSoValue Flash: Geopolitical risks and tariff concerns weigh down markets, while semiconductors rebound sharply. Tech sector awaits earnings confirmation. 💥 Key Developments: Amid escalating tensions between the U.S. and Iran, President Trump hinted at potential strikes on Iranian nuclear facilities. Meanwhile, Houthi attacks on Saudi crude oil shipments have disrupted tanker routes, pushing Brent crude above $91 and WTI crude close to $85. Additionally, U.S. Trade Representative (USTR) Garza indicated that new Section 301 tariffs, replacing the expired 10% blanket tariff, will be announced “soon.” SpaceX is scheduled to release its Q2 earnings after market close on August 4 (U.S. time), corresponding to August 5 (Japan time), with insider lock-up expirations set for August 6 (U.S. time), or August 7 (Japan time). 🔍 Shifts in Market Logic: 1️⃣ Macro Factors Weigh on Risk Assets With Brent crude surpassing $90 and the U.S. 10-year yield exceeding 4.6%, headwinds persist. Key focus areas include: ① Google’s earnings after market close on July 23 (U.S. time) / July 24 (Japan time), and cloud growth and capex guidance from hyperscalers; ② Progress in Korea’s deleveraging. The FOMC on July 29 (U.S. time) / July 30 (Japan time) is widely expected to hold rates steady; further easing of oil price and inflation pressures could further reduce concerns over additional rate hikes. 2️⃣ Semiconductors Rebound, AI Remains in High-Price Consolidation The SOX Index rose 5.2%, and Micron surged 12%. However, broad risk-on sentiment remains limited. There is no clear catalyst like the “AI agent demand” that drove markets in April–May. Until AI hardware-related companies deliver confirmed growth in their earnings, high-price consolidation is likely to continue. 📊 Trade Setup: Core: $USTECH-100 · DRAM · $CL · $BTC MAG7: $NVDA · $AMZN · $GOOGL · $META · $MSFT · $TSLA · $AAPL AI Hardware: $SNDK · $MU · $AMD · $INTC · $TSM