Odaily Planet Daily News QCP Capital said in its latest market analysis that the stock market is unusually optimistic, the US stock market is at an all-time high, and Asian stocks are basically bullish today as the market expects the US to cut interest rates and achieve a soft landing. However, there are still signs of nervousness in the market, as the options market expects Powell's speech at Jackson Hole on Friday to cause the S&P 500 to fluctuate by 1%. In contrast to stocks, the sentiment in the cryptocurrency market is very pessimistic. Last weekend, the funding rate of Bitcoin perpetual contracts fell to -13%, the lowest level since 2022. The market seems to have ignored the possibility of further unwinding of yen/dollar carry trades. According to Bloomberg, funds such as Vanguard are increasing their bets on further interest rate hikes by the Bank of Japan. Whether this will be a catalyst for another decline in the entire market is unknown. However, QCP added that it remains optimistic and bullish on the market.