QCP Capital: Suggests locking in profits before interest rate cuts, and preparing for a bullish scenario

QCP Capital released this week's market analysis. The debate between Trump and Harris became the focus of this week. Harris won the support of Taylor Swift, and Polymarket data shows her odds of winning are slightly higher than 50%. CPI data met expectations (2.5%), but PPI was slightly below expectations (2.4%). The market maintains a 50/50 probability for a rate cut of 25 or 50 basis points; BTC ETF showed capital inflows, Microstrategy added another 18,300 BTCs, reaching a total amount of 244,800 BTCs. Interest in ETH suddenly revived in the options market with more than 20k contracts being purchased.

In terms of trading suggestions, despite short-term uncertainties and potential pullbacks, QCP still recommends locking in profits before interest rates drop and preparing for bullish scenarios.