TechFlow news: QCP Capital stated in its official channel that this week, risk assets in the market rose significantly, primarily driven by stimulus measures from the People's Bank of China aimed at revitalizing the Chinese economy. Previously, the Federal Reserve announced a 50-basis-point rate cut, setting a positive tone for global markets. Next week, attention will focus on upcoming labor market indicators including JOLTs, ADP, and the U.S. unemployment rate. Strong performance in these indicators could bolster the case for another 50-basis-point rate cut in November, further boosting risk assets.
QCP Capital remains bullish on the market's upward structure and expects continued gains in Q4, leading to substantial returns.
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