When inflation learns to "play it safe"

Core CPI declines, somewhat like a mischievous child suddenly quiet and doing homework—parents' first reaction isn't happiness, but suspicion that a big move is being hidden.

In the past few years, inflation was the market's number one villain. Now, as its momentum wanes, capital narratives are shifting from "fighting inflation" to "seeking growth." This often leads to two extremes: one overly optimistic, believing easing policies will return soon; the other overly cautious, thinking a recession is imminent. In reality, macroeconomics is more like a TV series than a short video with plot twists. Corporate inventory cycles, household balance sheets, and fiscal rhythms all influence the subsequent path. Investment strategies can be more balanced: some assets for aggressive growth to capture valuation recovery, others for defensive hedging against volatility. Humorously, the market switching from "fear of inflation" to "fear of missing out" often only takes a few candlesticks.

Don't let emotions drive your account; let strategies guide your emotions—that's what mature investors do. #美国核心CPI创四年新低