According to TechFlow, the latest report from QCP Capital pointed out that the number of JOLTS job vacancies in the United States has dropped to the lowest level since January 2021, and the layoff rate has risen to the highest level since March 2023. The market reacted strongly, expecting 4.5 interest rate cuts in 2024, and a 50% probability of a 50 basis point cut in September.

Last night, the net outflow of Bitcoin spot ETF hit a 6-day low (-37.5 million US dollars). QCP Capital expects that market volatility may continue to rise given yesterday's VMI signal.