🚨 SoSoValue Flash: Qatar Proposes 10-Day Ceasefire; SOX Gains Narrow After Opening, Market Awaits Google Earnings 💥 Key Developments: Iran has confirmed receipt of a 10-day ceasefire proposal led by Qatar. Pakistan has also responded to Tehran’s request by expressing willingness to resume mediation efforts. Meanwhile, the Houthi group has declared a maritime blockade against Saudi Arabia in response to the blockade on Yemen’s capital. President Trump hinted at strong retaliatory measures following U.S. military casualties. Additionally, both the U.S. and Chinese governments have officially confirmed that the Chinese President is scheduled to visit the U.S. in September. 🔍 Shifts in Market Logic: 1️⃣ Geopolitical Risk Shifts Toward “Dialogue” While Houthi actions have increased short-term uncertainty, Iran’s positive stance toward mediation has sustained an overall risk-on sentiment across markets. 2️⃣ Semiconductor Stocks Test Support The SOX index rose temporarily by 0.6%, and Micron gained 1.9%, but the narrowing of gains indicates lingering caution. Market focus remains on: ① Google’s earnings report on Wednesday, July 24 (JST) / Tuesday, July 23 (EDT), and Big Tech’s cloud investment plans; and ② Progress in South Korea’s deleveraging. 3️⃣ AI Enters a Wait-and-See Adjustment Phase Unlike the clear “AI agent demand” theme seen in April–May, there is no distinct catalyst for AI hardware at present. Until earnings provide confirmation, the sector may remain range-bound at elevated levels. 4️⃣ Fed Outlook Depends on Oil Prices The market consensus expects no rate change at the FOMC meeting on July 30 (JST) / July 29 (EDT). If oil prices continue to decline and disinflation progresses, concerns over further rate hikes are likely to recede further. 📊 Trade Setup: Core: $USTECH-100 · $CL · $XAUT · $BTC MAG7: $NVDA · $AMZN · $GOOGL · $META · $MSFT · $TSLA · $AAPL AI Hardware: $SNDK · $MU · $AMD · $INTC · $TSM