7.27 Big News Week 1. This week features the Federal Reserve’s interest rate meeting, along with earnings reports from SK Hynix, Microsoft, and Meta. Market expectations anticipate no rate change in July, with key focus on September rate guidance—implied probability of a September hike stands at 54%. Tech earnings will reveal whether memory storage is entering a turning point or continuing to face shortages. 2. The KOSPI has experienced a significant decline, releasing substantial risk; current return potential now outweighs downside risk, with limited further downside expected and a rebound possible at any time. The KOSPI and memory storage remain the most volatile index and sector in the market. 3. BTC has been consolidating with reduced volume for three weeks and is nearing the end of this phase; consolidation is expected to conclude within the next two weeks, followed by a strong rebound. ETH is outperforming BTC. 4. Volatility in gold and silver continues to decline, with the downtrend likely over; several more weeks of consolidation are needed before a rebound can begin.