#通胀压力 Seeing Goolsby's latest statement, I have some thoughts I want to share with everyone. The interest rate cut expectations for next year are higher than the median, which reflects the Federal Reserve's cautious attitude towards the economy—inflation is still above target, and although the labor market has cooled, it hasn't collapsed.

In this environment, many people tend to fall into two misconceptions. First, hearing "interest rate cut" and enthusiastically increasing leverage, thinking liquidity is coming; second, being frightened by inflationary pressures and rushing to all-in on a certain asset. Neither approach is appropriate.

My simple advice is: the most important thing at this stage is to review whether your asset allocation is truly balanced. Inflationary pressures won't disappear in the short term, but they won't last forever either—this is exactly the time to test your position management skills. Maintaining some cash reserves and staying disciplined amid volatility is more helpful for cycling through periods than blindly chasing gains or losses.

In the long run, the arrival of a rate cut cycle is positive for assets, but only if we live sufficiently prudently and are not knocked down by short-term fluctuations. That is truly what is worth spending time on.