Guangfa Fund Advisory Team: It is expected that USD liquidity will remain loose in the fourth quarter, and it is recommended to grasp global opportunities through diversified allocation.

Looking ahead to the fourth quarter, the investment advisory team of GF Fund pointed out that the US dollar liquidity environment is expected to remain loose. From a macro perspective, the recent rate cuts by the Federal Reserve are more of a preemptive measure, as there are no clear signs of a recession in the US economy. However, the actions of the Federal Reserve are very proactive, and in this scenario, liquidity may have a greater impact on the market performance. Against this background, the team is cautiously optimistic about US stocks and is focusing on opportunities in US bonds and emerging markets.