#美联储政策与货币政策 This week's market conditions are indeed worth paying close attention to. The Federal Reserve Chair nomination, GDP data, and multiple central bank policy announcements will be released in quick succession, making the market rhythm quite tense. I want to remind everyone of a few points:

First, regarding the Federal Reserve Chair nomination—such policy-level uncertainties often trigger short-term volatility. Haskett, Wosh, and Waller each have different backgrounds, and the market will have varying expectations for each candidate. But in the long run, regardless of who takes office, they will need to balance employment and inflation goals; this overarching framework will not change. Instead of frequently tracking polling probabilities, it's better to stick to your own allocation plan.

Second, this Tuesday's GDP and PCE data are very important. These are key indicators to assess the "results" of the previous rate cuts—both to see if growth remains stable and if inflation is truly easing. The data may exceed or fall short of expectations, but what's crucial is that you have already thought through how to adjust your positions when different outcomes occur, rather than reacting impulsively.

Finally, a reminder that the Hong Kong Stock Exchange and US stock markets will have time adjustments on Wednesday, and the US stock market will be closed all day on Thursday. This time difference can easily create risks, especially for investors with heavy positions—be mindful of liquidity gaps. Appropriately reduce leverage and leave room for maneuvering; this is the prudent approach.

Markets are always changing, but the concept of safe asset management should remain constant. Stay patient and protect your principal.