Multiple Extreme Pressures Converge，The market is closely watching Wednesday's CPI data.

The U.S. stock market is directly confronting a rare "week of overlapping non-linear risks." Last Friday's stronger-than-expected non-farm payrolls (NFP) data triggered a sharp retreat in rate-cut expectations, forcing institutions to reassess the "higher-for-longer" baseline interest rate scenario. This week, the direction of macroeconomic policy and micro capital pressures are set for a major collision. Key Factors to Watch: Macro Policy Reassessment (The Watershed): The upcoming CPI data this Wednesday is critical. If inflation exceeds expectations yet again, market anticipation of Fed tightening will heat up, directly exposing long-duration assets like tech stocks to a more suppressive valuation re-rating. Imported Inflation Concerns: The escalation of the Iran-Israel conflict has directly elevated global risk aversion. The resulting crude oil supply chain disruptions and price volatility could easily feed into long-term inflation expectations, complicating macroeconomic policy maneuvers. Micro Liquidity "Siphon": The progression of SpaceX’s historic IPO and its massive fundraising efforts are exerting a direct crowding-out effect on existing market liquidity. Combined with a dense lineup of earnings reports from tech giants like Oracle, capital sentiment in the tech sector faces a dual test. Squeezed by macro inflation indicators, potential geopolitical conflicts, and a mega IPO draining liquidity, how long do you think current valuation premiums can be sustained? Which will be the decisive factor in breaking the current equilibrium: inflation data or micro capital flows? Build precise cross-asset allocations amid macro volatility. Bitget now supports RWA trading for the S&P 500, commodities, and core tech stocks, helping you efficiently optimize your diversified hedging strategies: https://www.bitget.com/promotion/futures-rwa