The only positive factor in the current market is that oil prices have finally fallen Brent crude oil fell below $95, to $94.93, a drop of over 3.5% on the day. Trump stated that a major military action against Iran is "extremely unlikely," removing the war premium and causing oil prices to plummet. But don't get too excited. On Tuesday, two bombshells exploded simultaneously. The first: US October CPI. This is the last inflation data before the December interest rate meeting. Market bets on a December rate hike have surged to 80%, making a rate hike almost a certainty. If the core CPI exceeds 0.3% month-on-month, the rate hike expectation will be completely locked in, US Treasury yields will rise, and highly valued tech stocks and BTC will continue to suffer. The second: CoreWeave's earnings report. Released after the market closes on Tuesday. The market isn't looking at revenue; it's looking at whether the company can still borrow money and whether its data centers can continue to be built. With Texas's approval threat looming, this financial report serves as the final thermometer for the AI infrastructure narrative. The drop in oil prices is giving the market a breather. CPI and CoreWeave will determine how long this breather lasts. On Tuesday night, both blows fell simultaneously.