QCP: Market risk shifts from news-driven to execution risk phase

Odaily Planet Daily News QCP Capital's latest macro weekly report shows that global market risks are shifting from easing geopolitical news to more complex execution risks. Although the US and Iran have signed a memorandum of understanding and Brent crude oil prices have fallen back below $80 per barrel, shipping through the Strait of Hormuz remains disrupted. Meanwhile, the US Federal Reserve has sent a stronger “higher for longer” interest rate signal, with the median interest rate forecast for 2026 rising to 3.8%. Additionally, Strategy continues to increase its Bitcoin holdings, but with the spot price below its cost basis, its financing pressure has further increased. QCP believes that the market is currently transitioning from short-term sentiment repair to a phase of testing fundamental execution capabilities.