QCP Market Colour, 23 October 2026 1/ CoreWeave bonds hitting 15% YTM—credit stress spreading across AI infrastructure. The repricing extended to broader neocloudinfrastructure, triggering selloffs in equities and crypto. Flight-to-quality drove longer-dated UST yields lower despite the credit repricing.
QCP Market Colour, 16 October 2026 1/ September CPI printed hot: 0.6% m/m, 3.7% y/y (vs 0.6%, 3.6% consensus). Core 2.6% y/y vs 2.5% expected. Monthly core 0.3%. Inflation data was firm across the board. Yet Treasury yields declined sharply. The 10yr peaked 5.35%, 30yr 5.73%, then reversed. Flight-to-quality overrode inflation signal.
QCP Market Colour, 12 October 2026 1/ A year on from 10/10, crypto's largest single-day liquidation event, $BTC looks to be on firmer footing. Fears of a repeat washout have so far failed to materialise, with price holding despite jitters over sizeable US government BTC transfers and a reported Ledger hack over the weekend.
QCP Market Colour, 28 September 2026 1/ Global markets opened Monday under heavy multi-asset pressure. Nasdaq-100 down from 744.45 to 737.76, gold from $4,260 to $4,147, $BTC from $84.5k to $82.8k. The US Dollar also trading lower—defying typical flight-to-safety patterns. This reflects broad-based deleveraging across all asset classes.
QCP Macro Themes, 24 September 2026 1/ Fed's September hike locked in the hiking cycle. Six of seven voting speakers hawkish—Kashkari, Musalem, Goolsbee all emphasize inflation is broad and demand-side pressure is real. Policy rate now 3.75%–4.00%. Hike camp firm; no cut advocates visible. Restrictive bias confirmed.
QCP Market Colour, 14 September 2026 1/ August CPI delivered 0.4% headline MoM and 0.3% core MoM—above the 0.2% consensus. Annual core eased to 2.4%, but elevated shelter and energy prices confirmed the Fed has real policy work to do this week. $BTC fell to $76.7k on the release before recovering to $77.6k. The contained reaction signals markets have absorbed the hike scenario.