Expectations for interest rate cuts have cooled significantly, yet liquidity operations are coming immediately! The Federal Reserve is simultaneously waving the big stick of 'fewer rate cuts in 2026' while also pulling out the sweet date of 'immediate purchase of $40 billion in assets,' directly leaving the market bewildered—so is this good news or bad news?
At this critical moment of signal confusion and market volatility, rather than getting tangled in guessing the short-term effects of each policy, it's better to first ask yourself: is there a part of my asset portfolio that is completely unaffected by these news—a "stable cornerstone"? This is precisely the core concept advocated by @usddio. When the game of interest rate cuts and liquidity injections makes the market direction unclear, having a stable value pegged to the dollar at 1:1 is like adding an anchor to a ship, allowing you to stop drifting and calmly judge: whether the current rebound is an opportunity or a trap of 'good news fully priced in.'