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QCP Capital: Market Focus Shifts to CPI Data

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#Macro
TechFlow
575Words
Sep 11, 2024


Breaking news from TechFlow in-depth analysis, QCP Capital has released its latest market analysis. QCP stated that in the recent US presidential debate, neither candidate provided clear information on economic policies, leaving the cryptocurrency market disappointed with the lack of relevant policy comments.


Post-debate, Harris seems to be gaining momentum in public opinion. QCP believes that due to the absence of a clear frontrunner and vague policy positions, as the election day approaches, risk assets may exhibit a flight to safety trend.


Following this macro event, market attention is shifting towards the upcoming CPI data release. The market expects CPI to decrease from the previous 2.9% to 2.55%, but QCP believes there is a greater possibility of an upside surprise. However, with the focus now on employment data, the impact of CPI on the market may be limited. In terms of trading strategy, QCP leans towards structures that profit in bullish scenarios, maintaining caution towards macro uncertainties but believing these uncertainties will be resolved in the fourth quarter.


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