From tonight's performance of the US stock market, it seems that the suppressive effect of soaring oil prices on risk markets has temporarily faded. AI hardware stocks are even on the rise. I think the reason might be that the market's attention has shifted early due to the upcoming CPI release. The transmission logic of oil prices to the stock market is: Oil → CPI → Rate hike probability → 10-year Treasury yield → Valuation. Given that the rising rate hike probabilities in the US and Japan are already well-known to the market and the CPI hasn't been released yet, oil prices can't exert more pressure for now. However, once the data is released and the market forms expectations of consecutive rate hikes by year-end, the stock market will likely come under pressure again. Today is also the day when Bespoke announced the expansion of Treasury buybacks, but this news has already been priced in after a long period of digestion. The rise in the "storage trio" stocks is likely due to the approximately 6% and 9% month-on-month increases in DRAM and NAND prices in July, respectively, which has supported revenue and profit expectations for storage companies. @BITstocks_CN Buy US stocks on BIT, 10,000+ US stocks and ETFs, real holdings, enjoy dividend payouts. #Investing #Finance