Portugal's out. Ronaldo's last World Cup ends with no trophy. Norway just knocked out Brazil. This week: what the quarterfinal bracket actually does to the card market.

Inside — Ronaldo's exit and the sell-vs-hold split on his cardboard, the Haaland upset as this week's cleanest arbitrage play, a full buy/hold/fade survivor board for all 8 remaining teams, Mbappé vs. Haaland as a real investment comparison, the USMNT/Mexico card reckoning now that both hosts are out, and a first look at the semifinal picture.

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