#美国消费者物价指数发布在即 U.S. stocks collectively turned green today, with market risk appetite significantly increasing. The logic behind this rebound is quite interesting.

Tech stocks led the charge. $GOOGL's market capitalization officially surpassed the $4 trillion mark. The direct driver of this rally is Apple Siri's integration with the Gemini AI model—seems like the market is re-pricing the synergy effects within the AI ecosystem. Meanwhile, Walmart announced its inclusion in the Nasdaq 100, completing its transformation from a traditional retail giant to a tech valuation. Passive funds are reacting accordingly, expecting continued inflows.

Where some rise, others fall. The financial services sector came under noticeable pressure, with high-risk lending concept stocks like $UPST, $AFRM, and $SOFI experiencing a collective plunge. The underlying reason points to Trump’s new proposal to cap credit card interest rates at 10%—a policy move that directly compresses the interest margin for banks and lending platforms, forcing profit expectations for high-risk lending models to be downgraded.

The market is quickly pricing in this fact: the tech sector is enjoying a certainty premium, while financial services are under policy pressure. This is not just simple risk withdrawal but a structural reallocation of funds.

From a crypto perspective, this kind of structural revaluation in traditional finance often signals an upcoming new volatility cycle in the crypto market. The performance of $BTC, $ETH, and $XRP warrants ongoing attention—when liquidity patterns in TradFi change, the revaluation of on-chain assets' value is not far behind.