QCP Capital: It is expected that market fluctuations will continue until the negotiations between Trump and Mexico and the implementation of EU tariff policies.

Golden Finance reported that QCP Capital's latest analysis pointed out that the first round of trade policies by the Trump administration has caused severe Fluctuation in global markets. The yield curve of government bonds has entered a Bear Market trend - with the 2-year yield rise and the 10-year yield decline, indicating market concerns about short-term inflation and the long-term risks of rise in the global economy due to the trade war. The widening price difference between New York and London gold not only reflects the popular EFP arbitrage trade closing, but also suggests that the transfer of gold between different vaults may face logistical challenges, reminding the market of the uncertainty of further expanding the tariff scope. The cryptocurrency market has sold off sharply. As a risk indicator before the U.S. market opens, the crypto market saw nearly $2 billion in liquidations, with ETH falling more than BTC. According to the analysis, today's risk aversion is mainly driven by cross-asset portfolio rebalancing, rather than single-asset events. It is expected that the market fluctuation will continue before the Trump-Canada-Mexico negotiations and the implementation of the EU tariff policy.