QCP： Risk aversion leads to Bitcoin's decline, market lacks confidence, and stagflation risk increases

According to BlockBeats, on February 26th, QCP released a daily analysis stating that global risk aversion sentiment has led to a decline in the stock market, gold, and Bitcoin, and rumors of the possibility of stagflation have begun. The data indicates that tariffs have begun to affect consumer sentiment, although it is still too early to confirm stagflation, the market's response to recent events suggests that unease is intensifying. The US government has confirmed a 25% tariff on imports from Canada and Mexico (effective March 3), further dampening market sentiment. As expectations for tougher measures against China rise, investors have reduced their risk exposure amid increasing uncertainty. In this environment, the marginal buyers of risk assets are limited, and the possibility of further decline increases. The outflow of ETFs confirms a lack of confidence in the market. The recent important events are NVDA financial report and PCE data. In the coming weeks, consumer and retail sentiment surveys will be key. These indicators often outperform actual economic data and may provide early warning signals of stagflation. Be cautious, the market remains fragile.