Market Overview - The US stock market is experiencing fluctuations near historical highs, with the S&P 500 index dropping 0.25% to 6373.45 points, the Nasdaq down 0.3% to 21385.4 points, and the Dow Jones down 0.45% to 43975.09 points [1][3] Economic Indicators - The upcoming US July CPI report is seen as a catalyst for market sentiment, with predictions that if the core CPI month-on-month growth is below 0.25%, the S&P 500 could rise by 1.5%-2%, while exceeding 0.4% could lead to a drop of 2%-2.75% [3] Investor Sentiment - A monthly survey by Bank of America indicates that approximately 91% of respondents believe US stocks are overvalued, marking the highest level since the survey began in 2001 [3] Sector Performance - The lithium sector saw significant gains due to production halt news from a project under CATL, with companies like American Lithium up 9.32% and Sigma Lithium up 22.79% [3] - AI application stocks faced declines, with C3.ai dropping 25.58% due to disappointing sales performance attributed to organizational restructuring and health issues of the CEO [4] - Another AI stock, BigBear.ai, also reported weaker-than-expected earnings, leading to a nearly 30% drop in its stock price [5] - Cannabis stocks experienced notable movements, with Tilray Brands rising 41.82% and Canopy Growth up 26.40% due to policy rumors [6] - Chocolate producer Hershey's stock fell 4.8% amid rising cocoa futures [7] Notable Stock Movements - Major tech stocks showed mixed results, with Apple down 0.83%, Microsoft down 0.05%, and Tesla up 2.85% [8] - Chinese concept stocks had a varied performance, with Alibaba down 1.43% and NIO up 1.45% [8]

Core Viewpoint - Cannabis stocks surged on Monday, with Canopy Growth (CGC.US) and Tilray Brands (TLRY.US) rising nearly 20%, Aurora Cannabis (ACB.US) up nearly 13%, and Cronos Group (CRON.US) increasing by nearly 12% due to reports that Trump is considering reclassifying cannabis as a lower-risk substance [1] Group 1 - Canopy Growth (CGC.US) experienced a significant price increase of nearly 20% [1] - Tilray Brands (TLRY.US) also saw a rise of nearly 20% [1] - Aurora Cannabis (ACB.US) rose nearly 13% [1] - Cronos Group (CRON.US) increased by nearly 12% [1] Group 2 - The surge in cannabis stocks is linked to a report from The Wall Street Journal regarding Trump's potential reclassification of cannabis [1]