#降息预期 Seeing the news of rate cuts and liquidity injections, I want to share an observation: good news and bad news often coexist.

The Federal Reserve's rate cuts and "hidden QE" can indeed support asset prices, but underlying weak employment data, consumer credit card debt surpassing $1.2 trillion, and average interest rates exceeding 20%... all tell the same story — while the economy hasn't hard-landed, households are feeling the squeeze.

In this environment, rate cuts have instead exposed structural vulnerabilities. The policy environment is mild, but market shocks could be greater. I've seen too many investors relax during periods of abundant liquidity, only to be caught off guard when volatility truly hits.

So what I want to say is: don't be fooled by supportive signals. At this moment, it's crucial to take a clearer look at your positions. Can your asset allocation truly withstand the impact of a weakening job market? Is your leverage ratio within a controllable range? The most testing long-term mindset often comes during these "seems okay but underlying currents are strong" moments.

Being prudent isn't about missing out on gains, but about finding that line between profit and safety that you won't regret.