The relaxing weekend is over, and next week it's back to the grind. South Korea's stock market will still face challenges on Monday, while the U.S. is waiting for the Strait of Hormuz to clear up. With less than three months until the midterm elections, Trump and the Republicans must be having a headache. They probably hate Israel the most right now—if they hadn’t stirred things up by attacking Iran, Trump might still be busy playing around with tariffs. But now, time is running out for him. The most important event next week is Wednesday's CPI data. Based on the data I’ve reviewed, the average crude oil price and retail prices in the U.S. for June were higher than in July. This suggests that oil prices and oil-driven inflation might be slightly lower in July. Market forecasts seem to agree, with broad inflation expected to be lower in July than in June. This should be good news, but the issue is that June's prices trended downward from a high, while July's prices did the opposite. So, while the market might interpret this data as the Fed easing up on rate hikes, the Fed itself will still be cautious. If the war doesn’t end in August and oil prices don’t return to lower levels, the risks remain. That’s why the market’s biggest concern is still when the Strait of Hormuz will fully reopen. From my perspective, there’s a high probability that Hormuz will see partial reopening next week, or at the very least, the issue should be fully resolved by August. Over the weekend, Bitcoin’s price has been pretty stable. I currently have two dual-currency investments maturing on Monday. One is a low buy at $63,000, which likely won’t execute, and the other is a high sell at $66,000, which carries a bit of risk. But honestly, I’m fine either way—if it executes, I’ll pocket a $3,000 profit; if it doesn’t, I’ll be happy with the $63,000 cost basis. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one place for trading.