The biggest shift is crypto flipping from risk-on to risk-off: BTC downgraded to high/bearish and ZEC's parabolic run now framed as a bearish setup, with the dollar firming into the September CPI print. US tech conviction broadens — AAPL and PLTR upgraded to high/bearish, TSLA cut to low/bearish. Japan stays the only clean risk-on book, led by 8035.T and 6857.T. Europe upgrades HSBA.L and BNP.PA to high/bearish as the dollar bid pressures EUR and GBP crosses. China rotates out of NIO and BIDU into PDD and 300750.SZ.