#通胀压力 Recently, I saw the latest statement from Federal Reserve's Goolsbee, which actually made me feel more at ease. He clearly stated that there will be more rate cuts this year than expected. What does this mean? It indicates that policymakers are taking the real struggles of ordinary people under inflationary pressure seriously.

But what I want to emphasize is not the rate cut itself, but how we should respond in such a macro environment. Inflation remains above target, and the labor market is cooling down. During such times, it's easy to feel anxious, thinking either to go all-in on growth assets or hide in cash. Actually, neither approach is quite right.

My experience is that the more uncertain the times, the more you should stick to your position management discipline. You can moderately adjust your allocation, such as increasing the proportion of defensive assets, but never frequently rebalance just because of policy signals. In the long run, a prudent asset allocation—balancing stocks and bonds, and regular review—is more effective at protecting your wealth than any short-term policy judgment.

When the rate cut cycle begins, the market will have opportunities, but only if you have the stamina and patience to seize them. So, the most important thing now is to adjust your mindset, maintain your current allocations, and wait for those genuine opportunities to emerge.