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QCP CapitalQCP Capital2024/09/11 10:15
By:Elisha

Neither candidate provided a clear message on economic policy, but statements about ‘eating the dogs’ didn’t go unnoticed. The crypto market was also disappointed by the lack of comments related to crypto policy.

Coming out of the debate, it appears that Harris won in the court of public opinion. Trump seemed notably flustered by Harris’ remarks. Online betting sites saw the odds shift in Harris’ favour after the debate.

The absence of a clear frontrunner in this election, coupled with the murky policy stances from both parties, heightens the possibility of a risk-off move in risk assets as we approach Election Day.

With this macro event behind us, attention now turns to tonight’s CPI release. The market is expecting CPI to print at 2.55% v 2.9% previously. We find the chances of an upside surprise more likely. However, we anticipate minimal market impact from CPI as the focus has shifted to unemployment data.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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