TechFlow news, January 15 — QCP Capital's latest analysis indicates that with only one week remaining before Donald Trump's inauguration as the 47th U.S. President, market concerns over inflation persist. The U.S. labor market remains strong, with last week's nonfarm payroll data exceeding expectations (256,000 vs. expected 165,000), driving up U.S. Treasury yields. Markets now price in only two rate cuts between 2025 and 2026.
From recent developments, the macroeconomic environment appears unfriendly toward risk assets. However, one notable point is that Trump’s actual policies often differ significantly from his public statements. Inflationary pressures may therefore not be as severe as currently anticipated by markets. For cryptocurrencies, the Trump administration includes personnel supportive of digital assets. There are rumors that Trump may issue a broad and crypto-friendly executive order, which could provide short-term price support.
Increased market volatility is expected around the inauguration as markets digest and adapt to Trump’s new term. QCP Capital remains cautious on downside risks, as Bitcoin has repeatedly tested the $90,000 level. Equities also appear fragile; rising global bond yields could trigger disorderly and gap-filled market movements.
