TechFlow news: QCP Capital has released its latest market analysis. QCP stated that during the recent U.S. presidential debate, neither candidate provided clear information on economic policy, leaving the cryptocurrency market disappointed by the lack of relevant policy commentary.
Following the debate, Harris appears to have gained an edge in public opinion. However, QCP believes that due to the absence of a clear frontrunner and ambiguous policy positions, risk assets may see a risk-off trend as the election date approaches.
After this macro event, market attention is shifting toward the upcoming CPI data. The market expects CPI to decline from the previous 2.9% to 2.55%. Nevertheless, QCP sees a higher likelihood of an upside surprise. That said, with focus now turning to employment data, the impact of CPI on markets may be limited. In terms of trading strategy, QCP favors structures that benefit from bullish scenarios. While remaining cautious about macro uncertainty, QCP believes these uncertainties will be resolved in the fourth quarter.
