QCP Capital: Trump Media may lead more entities to follow Strategy and provide new structural buying opportunities for the market

Odaily News QCP Capital posted on its official channel that the volatility of most asset classes continues to decline, and the market has entered a period of calm due to the lack of meaningful news flow and macroeconomic data. Although the news continues, the market seems to be increasingly numb to negative news, and those headlines that may have caused violent reactions are now lightly passed over.
US Treasury yields have retreated somewhat following the fiscal turmoil caused by last week's so-called "Big, Beautiful Bill". However, the debt-to-GDP ratio remains above 120%, and the new bill is expected to add another $3.8 trillion to the national debt. The 10-year and 30-year US Treasury yields have fallen below 4.5% and 5.0%, respectively, and the Japanese 30-year bond yield has also fallen below 3%. These levels are still historically high, but short-term risks have eased. Market focus turns to the upcoming US 10-year, 20-year and 30-year Treasury auctions in June. Meanwhile, the Japanese Ministry of Finance will issue 40-year bonds today, with the 30-year variety scheduled for next week. The Ministry of Finance is well aware of the market's resistance to long-term bonds and seems ready to adjust its issuance strategy to curb volatility at the long end of the yield curve. Ironically, the market is now in a "just right" range: the latest data was largely unaffected by the tariff policy introduced last month. It will take time for businesses and consumers to adjust pricing and spending patterns, and we may not see these changes in the data until the third quarter. The Fed seems to agree with this view, choosing to ignore recent data unless the economy deteriorates sharply.
Senator Loomis’ extensive remarks on stablecoins and a strategic reserve of Bitcoin have rekindled hopes for substantive progress on cryptocurrency policy. Progress on digital asset initiatives has been tepid since the inauguration of this administration, and this meeting could provide the needed momentum to restart White House engagement. Additionally, Trump Media plans to raise $2.5 billion to join the ranks of companies building a Bitcoin reserve. If the meeting generates momentum, we may see more companies follow the lead of Strategy and Metaplanet, providing new structural buying to the market.