#美联储降息政策 The probability of the Federal Reserve maintaining interest rates in January next year reaching 75.6% may disappoint some friends, but I want to share an observation from another perspective.

The repeated adjustments to rate cut expectations are actually the market gradually digesting reality. From the initial expectation of a rate cut to the current stance of maintaining rates, this process itself tells us — the complexity of the economic situation far exceeds our simple expectations.

I have always believed that the biggest test of mindset is often not the market itself, but how to maintain resolve amid uncertainty. At this time, position management becomes especially important. If you have already made allocations at the beginning of the year based on your risk tolerance, these policy changes won't cause you to frequently adjust your decisions. Repeated trading is often due to a lack of long-term asset allocation.

I suggest everyone use this time window to review their investment structure: Are you overly concentrated in high-risk assets? Have you neglected the importance of safety cushions in pursuit of returns? In the long run, a prudent asset allocation can help you navigate multiple economic cycles, while frequent market timing often yields only half the results.

There's no need to over-interpret every policy message; focusing on doing well with what you can control is the true investment wisdom.