#美联储利率政策 Recently, I’ve seen the latest moves by the Federal Reserve, and a weight has been lifted from my heart. The shift from tightening to easing is a significant signal, but what I want to emphasize is that no matter how policies change, as investors, we must stick to our own rhythm.

The Federal Reserve Board members explicitly mentioned that the labor market could deteriorate rapidly, reminding us that macroeconomic changes are often nonlinear and unpredictable. That’s why I’ve always stressed the importance of position management. Those who are fully invested and betting on policy turning point are actually gambling, not investing.

The launch of the Treasury reserve management purchase plan, initially amounting to 40 billion USD, with liquidity injection earlier than expected—this is indeed a positive signal. But this is not a reason to chase highs or leverage up. Instead, it should be viewed as: the market environment is improving, and we have more opportunities to adjust positions and optimize allocations.

In the long run, a moderate policy environment is beneficial for asset allocation, but the key is to grasp the rhythm. Reasonable risk exposure, diversification, and maintaining emergency funds—these fundamentals are the true armor to navigate cycles. No matter how policies evolve, a steady mindset and disciplined execution are always the best insurance.