PCE: This Friday's Personal Consumption Expenditures data will be a key market focus, providing crucial guidance for the Fed's next steps

BlockBeats News, May 26th, QCP released its daily market observation, stating that recent risk sentiment has been fluctuating. Since late April, risk assets have steadily risen, with the S&P 500 approaching the 6,000 point milestone. However, Trump suddenly proposed to raise tariffs on EU goods to 50%, disrupting the market calm. Although he later extended the tariff implementation deadline to July 9th, stabilizing the market briefly, this move highlights that policy risks remain disruptive.

Meanwhile, the issue of inflation remains a macro focus. Friday's PCE data will be a key factor in the Fed's policy direction. Despite the fall in oil prices, congestion in European ports is spilling over globally, potentially raising shipping costs and triggering new inflation pressures.

As for Bitcoin, the price retraced to $106,000 over the weekend and quickly rebounded to $110,000, benefiting from the support of the spot ETF (especially BlackRock's BIT).

It is worth noting that while Bitcoin has shown a steady trend, tech stocks have experienced differentiation, with TQQQ being continuously sold off since April, indicating that some investors are rotating or hedging. In the midst of a turbulent global policy environment, crypto assets are demonstrating greater "maturity."