#美联储货币政策# Seeing this news, I can't help but feel a bit emotional. The market is once again starting to have expectations for the Fed to cut interest rates, and the stock market has consequently hit new highs. However, as an investor who has gone through multiple rounds of bulls and bears, I deeply understand that such expectations are often a double-edged sword.

On the one hand, expectations of interest rate cuts can indeed stimulate market sentiment and drive asset prices higher. On the other hand, excessive optimism may lead to the formation of bubbles. I was once blinded by market frenzy on the eve of the 2008 financial crisis and suffered significant losses.

Seeing the S&P 500 and Nasdaq hitting new highs now inevitably reminds me of the lessons learned in the past. Although there may still be short-term gains, risks are also accumulating. For new investors entering the market, I advise staying vigilant and not being swayed by FOMO emotions.

Instead of chasing highs, it's better to take this time to study asset allocation and improve risk awareness. After all, the market is always cyclical, and when everyone is cheering, it is often the time to be most cautious. Maintaining rationality and managing risks well is essential for long-term survival in this market.