#通胀与经济增长 Powell's recent statements are indeed worth pondering—inflation risks are tilted to the upside, and there is no risk-free policy path, which means market uncertainty is increasing.

From a trading perspective, such macro turning points most test the adaptability of traders. I've been observing how several experts are responding, and interestingly, their styles vary greatly: the aggressive traders are starting to increase positions in volatile assets, betting on the repeated opportunities brought by policy swings; the cautious traders are reducing leverage and increasing hedging positions, prioritizing capital preservation when certainty declines.

The combination of a cooling labor market but still high inflation essentially reflects rising stagflation expectations. In this environment, if you want to follow the trend, my advice is:

**1. Prioritize observing traders with clear stop-loss mechanisms**—because the policy path is uncertain, the probability of sudden reversals increases, and accounts that add positions without a bottom line are too risky at this stage.

**2. Position sizing should be more precise**—don't bet all chips on a single style; consider a structure of 30% aggressive + 70% conservative, allowing the account to capture opportunities and avoid risks simultaneously.

**3. Keep a close eye on traders' rebalancing rhythm**—during policy signals, skilled traders tend to adjust their positions more frequently, so understanding their logic is more important at this time.

In short, the battle between inflation and growth is always the core script of the market. Now is the time to test whether traders truly understand this logic or are just betting unidirectionally. Practice makes perfect, and the next one or two months will be very interesting.