QCP: US stocks and crypto markets rebounded in the short term, but the escalation of Sino-US trade tensions may become a "bull market trap"

Odaily Planet Daily News QCP Capital pointed out in the latest market briefing that the US stock market and the crypto market rebounded sharply after Trump announced "suspending tariffs and imposing a 10% reciprocal tariff on all stocks except China". The Nasdaq rose 12.02%, the S&P 500 rose 9.51%, BTC rose 8.43%, and ETH rose 13.38%, triggering a short position of $75 million in the crypto market within 1 hour. However, QCP warned that this "Make America Wealthy Again" policy shift is more like a phased easing. The "China Exception" policy has instead escalated the Sino-US trade war again, posing a continuous pressure on Chinese assets. The RMB exchange rate has fallen to a new low in 18 years, and the market is waiting for Beijing to counterattack strongly. If China's retaliation escalates, the current rebound may evolve into a "bull market trap." In addition, QCP pointed out that despite the recovery of short-term sentiment, the market is still cautious about the upward fluctuations in May and June, and sellers continue to use the rebound to reduce their positions. At the same time, some investors bet that BTC will return to $100,000 by the end of the year, and December options are actively bought. The US CPI data to be released tonight will become the next focus of the market. If the data is lower than expected, it may ease inflation concerns caused by tariffs.