U.S. stocks edged higher (SPX +0.2%, NDX flat) on strong $ASML(ASML.US) earnings and guidance ahead of more bank results and September CPI. Brent fell to $106, and the 10-year treasury yield slipped to 5.19%. Bitcoin rose to $83.6K, and gold/silver moved lower. ASML rose +2.5% on robust demand and guidance, while chips were mixed and Tesla was flat. Financials $BlackRock(BLK.US), $Bank of America(BAC.US) and $Morgan Stanley(MS.US) report today amid higher expected interest rates and dealmaking concerns. NY Fed President John Williams expects one more rate hike this year but none in 2027. S&P 2026 EPS estimates imply a 21.3x P/E and inverted 4.7% earnings yield vs. Treasuries, reminiscent of the late-1990s bubble, though yields may ease as the Iran conflict ends. $Tesla(TSLA.US) remains unattractive at a high 2026 P/E of 230x vs +45% long-term earnings growth amid declining estimates and continued commoditization of autonomy.