📊 Market Outlook | 3/31

March's final day, the night before April's storm.

Today is the last trading day of Q1, and institutional quarter-end rebalancing will dominate the market rhythm. Tomorrow, everything will be different.

U.S. Stocks: Last Window Dressing Before Quarter-End
Fund managers are doing their final "window dressing" for earnings reports — pushing up stocks that have performed well to improve portfolio appearance. But this artificial boost usually reverses quickly after quarter-end. Today's gains could be the reason to sell tomorrow. Be cautious of a pullback at the start of Q2.

Gold: The Strongest Asset in Q1, Continuing to Lead in Q2?
Gold has been one of the best-performing assets this quarter. With tariffs coming into effect, inflation rebounding, and ongoing geopolitical tensions, this strong trend is likely to continue in Q2. The quarter-end pullback is the last chance to buy in; don’t miss out.

Crude Oil: Q1 Wrap-Up, Greater Uncertainty in Q2
Oil prices in Q1 fluctuated between geopolitical tensions and demand concerns, ending with volatility. The biggest variables in Q2 are: the U.S.-Iran 10-day window results, OPEC+ April production meeting, and global demand data. With unclear direction, reduce positions.

U.S. Dollar: Strengthening at Quarter-End, Turning Point Approaching
The dollar index edged higher due to quarter-end demand, but the economic impact of tariffs coming into effect in April will become a new pressure point for the dollar. Now is not a good time to buy dollars.

Bond Market: Ended Q1 with Volatility
The bond market in Q1 swung between "delayed rate hike expectations" and "rate hike bets." Q2 will face tougher tests — if inflation data continues to surprise on the upside, the bond market may experience a real stress test.

Quarterly Summary:

Q1 Winners: Gold, Energy, Defensive Assets
Q1 Losers: Long-term Bonds, Overvalued Tech Stocks
Q2 Keywords: Tariff Impact, Inflation Rebound, Geopolitical Tensions

Key Takeaway for Today:

Quarter-end window dressing does not mean fundamentals have improved; beneath the surface, risks are brewing. Enjoy the last calm today, as tomorrow brings the true test of April. Keep cash on hand and be ready to act.
#BTC能否守住6.5万美元？
$BTC ‌$ETH ‌