Odaily reported that QCP Capital posted on its official channel that the global risk-averse sentiment has led to a decline in stock, gold and prices, and the rumors about stagflation on Wall Street are intensifying. Although it is still too early to confirm the stagflation trajectory, the market's reaction to the recent developments indicates that the market's unease is escalating. The long positions of the US dollar have started to reverse, and the recent crash has forced traders to reduce their exposure, with continuing to follow the downward trend of risky assets, and the outflow of ETF funds confirming the lack of confidence. In the turbulent market, as traders rush to reduce their exposure, cryptocurrencies remain the first assets to be liquidated, and it is recommended to remain cautious as the market remains fragile. Furthermore, the personal consumption expenditure (expected to be 2.5% year-on-year) on Friday was still higher than the Federal Reserve's 2% target. Unless there are clearer signs that inflation is heading towards 2%, the Federal Reserve may maintain the current interest rate level. The market currently expects two rate cuts in 2025, with the first one likely to occur in June or July. In the coming weeks, consumer and retail confidence surveys will be key. These indicators often lead the actual economic data and may provide early warning signals of stagflation.