#大户持仓动态 $ZEC $SUI $UNI

The policy combination has arrived - Trump is applying pressure on two fronts: the Federal Reserve is cutting interest rates + a fiscal stimulus plan, and the market has sensed the fragrance of easing.

In the past two days, signals have been coming in one after another. First, the president directly called on the new chair of the Federal Reserve: to cut interest rates immediately. This is not a mild suggestion; it is clear pressure. The central bank's independence is a bit awkward at this moment, but the signal is very clear—the White House wants a faster and more aggressive easing cycle.

At the same time, the fiscal side is also taking action. The previous tax refund plan of $2,000 per person has now taken a new direction. Instead of directly providing cash, it will be implemented in the form of a tax exemption limit. It sounds like a technical detail, but the actual effect is the same — the disposable income in the hands of the public has increased, enhancing their consumption capacity, which cannot be underestimated in terms of its driving effect on economic expectations.

What does it mean for both dimensions to exert force simultaneously? On the monetary policy side, interest rate cuts have opened the floodgates of liquidity, leading to a decrease in funding costs. Risk assets like cryptocurrencies thrive in this scenario—when liquidity is abundant, money always needs a place to go. On the fiscal policy side, tax cuts directly enhance residents' purchasing power, consumer demand is expected to be rapidly stimulated, and economic growth expectations are also adjusted upwards.

The market has entered a "anticipated trading" mode. The expectation of interest rate cuts + tax reduction plans, this dual narrative is driving up the valuation expectations of various assets. Once the details of the policies are truly implemented, you may see a synchronized rise in risk assets such as the stock market, cryptocurrencies, and commodities.

But we need to stay calm here. While there is talk, it remains a question whether the Federal Reserve will truly yield to pressure and whether Congress can quickly pass the details of tax cuts. The market is oscillating between hope and reality, and high volatility is very likely.

Current strategy? Continue to monitor the comments from Federal Reserve officials and the progress of the fiscal agenda in Congress, maintaining flexibility in positions until policies are fully priced in. Remember, during the phase where expectations of significant easing have not yet been fully absorbed, volatility itself presents opportunities.

How do you plan to respond to this policy-driven market? Share your thoughts in the comments.