Trump chatted casually on Air Force One, and the global stock markets immediately became lively.

The market's focus is on Kevin Hassett—this White House economic advisor has always advocated for low interest rate policies. If he really takes over the Federal Reserve, it would be like stepping on the gas for the market: borrowing costs would decrease, liquidity would increase, and stocks and real estate would naturally rise. The data is also very direct, with the 10-year U.S. Treasury yield falling below the 4% mark, and risk assets being frantically snapped up, with the S&P 500 index poised to reach 7000 points.

However, let's calm down first.

Hassett and Trump are getting too close, which means the independence of the Federal Reserve may be undermined. In the short term, the rate cut cycle indeed provides an entry opportunity—when liquidity is loose, many assets will be undervalued. But what about the long term? If inflation resurfaces, will he dare to raise interest rates under pressure? Historically, there have been many cases of central banks being politically hijacked, and Germany in the 1920s is a typical lesson.

How to operate specifically?
Keep an eye on the US Treasury yield curve. If there is an abnormal rise, it indicates that inflation expectations are heating up, at which point at least 20% cash should be kept as a buffer. Don't blindly chase the surge; following the crowd can easily turn you into a bag holder. When the market presents opportunities, just take a bite; don't expect every meal to be a feast.