This weekend felt like whiplash dressed up as conviction: everyone from Citi to Yardeni is screaming buy-the-dip on memory and equities broadly, yet the tape keeps selling every print and every capex headline regardless of how bullish the underlying fundamentals actually are. SK Hynix is the poster child — record profits, structural shortage calls through 2028-2029, a $38B Nvidia-tied buildout, and still down double digits on the week, trading at a P/E so low it's either a gift or a warning sign. Macro flipped supportive fast, with a shockingly weak jobs report crushing hike odds and sending S&P/Nasdaq to record highs, but that same weak-labor narrative sits uneasily next to escalating Fed-independence noise and an unresolved Hormuz/oil risk premium. Net mood: cautiously greedy on memory leaders, but everyone's sizing down and bracing for CPI/PPI to decide whether this is healthy deleveraging or the start of something uglier.