QCP: 2분기, 특히 4월은 역사적으로 위험 자산에 가장 좋은 기간 중 하나였으며, 축제 기간인 12월 랠리에 이어 두번째였습니다. 위험 자산은 4월 2일 관세 마감일을 둘러싼 두려움의 일시적 완화에 힘입어 올해 가장 강력한 세션 중 하나를 연출했습니다. 다음 주요 촉매가 될 수 있는 PCE 인플레이션 지표에 주목하게 될 것입니다.
https://t.me/QCPbroadcast/1429
QCP Asia Colour – 25 March 25
One of the fastest U.S. stock downturns in recent history may well be behind us - or so JPMorgan and a growing chorus of strategists are telling their clients, pointing to a confluence of improving sentiment and historically supportive seasonality.
But what seasonality, exactly?
Q2, and April in particular, has historically been one of the best periods for risk assets, second only to the festive December rally. The S&P 500 has delivered an average annualised return of 19.6% in Q2, while Bitcoin has also recorded its second-best median performance during this stretch - again, trailing only Q4.
Relief rally or sustained rebound?
Risk assets staged one of their strongest sessions of the year, helped by a temporary easing of fears around the April 2nd tariff deadline. Trump signalled twice on Monday that trading partners might secure exemptions or reductions, offering a reprieve that helped soothe market jitters.
BTC briefly broke above $88K, with alts outperforming in what appears…
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