7.15 Violent Rebound 1. Last night, driven by positive CPI news, risk assets saw a violent rebound across the board. ETH broke through the critical resistance level of 1840, and the rebound is expected to continue, likely returning above 2000. 2. Yesterday, we mentioned that the storage sector presented a good buying opportunity, and it was followed by a violent rebound last night. SK Hynix's U.S. stock surged 22%, and its Korean stock opened high this morning, even triggering a circuit breaker at one point. The rebound is expected to continue in the coming weeks.