• Energy Equity Sentiment: Investors are piling into energy stocks at an unprecedented rate, with record inflows of +$9.5 billion into global energy equity funds over the last 3 weeks, shattering the previous 2021 peak of +$7 billion. [引用](https://x.

• $CRCL: 下跌约 15%，因《CLARITY Act》禁止稳定币余额产生收益，仅允许活动类奖励。这直接摧毁了 USDC 从支付工具向价值存储产品演变的逻辑支撑。 1
• $CELH: 过去一周下跌超 15%，主要受到 Costco 推出的 Kirkland Signature 能量饮料冲击。仅 $0.70/罐的定价相较市面上大多数 $2/罐的产品具备极强的价格穿透力，若口感达标，将持续蚕食市场份额。 [2](https://x.

• SK Hynix is scaling up, ordering ~$8B of ASML EUV tools—the largest order in history—to fuel next-gen HBM and DRAM production through 2027. 3
• The GPU depreciation narrative is flawed.

• 随着地缘冲突升级，伊朗能源设施受损导致 Brent 原油突破 $100/桶。由于战争成本高昂，美国 20 年期国债收益率回升至 5.00%，高利率环境加剧了抵押贷款与能源价格的通胀压力，债市释放出战争不可持续的明确信号 2036306764346360160, 2036363175453475190。
• 风险偏好正急剧消退。

• Retail participation is fading, with activity as a % of total volume down to 8.1%, nearly halving from the 15.0% peak in November 2025. 16

• The Magnificent 7 are decoupling from the broader market; the 100-day correlation with the S&P 500 Equal Weight Index has plummeted to -0.27, the most negative reading since June 2023. 15

• Market Indices: The $SPX saw a constructive start for bulls, though end-of-day selling persisted. Key overhead resistance lies at the 200dma and the descending channel 2036184255370502382.

• Indices Outlook: A sustainable trend requires reclaiming the 200-day moving average. Current price action is below this level; holding above it is critical to confirm a cleaner bullish environment. 1, [35](https://x.

• The market is aggressively pricing in an end to the Iran War, causing a massive relief rally in the S&P 500 (+2.3% or +150 points, adding +$1.2 trillion in market cap) and a sharp -11.5% drop in US oil prices below $87/barrel [引用[2036109213555142997]](https://x.

• $SPY: If the price holds above $652.50 this week, a strong counter-trend bounce is likely. 1