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QCP: Expectation of US Midterm Elections Strengthens US Stocks and Crypto Assets, Dips Remain Buying Opportunities
Summary: According to QCP's daily market analysis, the US job market is strong and inflation remains stable. Risk appetite has returned across the board, with equities, precious metals, the US dollar, and crypto assets all showing strength. Despite ongoing news regarding Venezuela, Iran, and US intervention, the market remains calm overall. Crude oil has received a ...
According to QCP's daily market analysis, the US job market is strong and inflation remains stable. Risk appetite has returned across the board, with equities, precious metals, the US dollar, and crypto assets all showing strength. Despite ongoing news regarding Venezuela, Iran, and US intervention, the market remains calm overall. Crude oil has received a geopolitical risk premium, but the overall market trend remains resilient.
More realistically, investors are interpreting the current situation from the perspective of the US midterm elections: the market expects Trump to strive to boost market performance by relying on liquidity and a stronger US stance to support US assets outperforming and create a global risk-on market atmosphere. After multiple failed attempts to break higher, Bitcoin has finally surpassed $95,000. If precious metals continue to benefit from currency devaluation trades, Bitcoin's relative value advantage may attract funds back to digital assets.
Of course, key risks still exist, including the upcoming tariff ruling by the US Supreme Court and further escalation of the situations in Venezuela or Iran. However, at present, price trends indicate that a significant amount of risk has been priced into the market. Without a truly impactful event occurring, dips remain buying opportunities.
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Link: QCP: Expectation of US Midterm Elections Strengthens US Stocks and Crypto Assets, Dips Remain Buying Opportunities [Copy]
