It's been a month without updates, I've been too busy, I'll try to update a little every day. Let's chat a bit:

1. The situation facing the economy is that external sudden risks are diminishing optimistic expectations, including tariffs and trade conflicts. This will raise/enhance risk aversion.
2. Currency: The data provided by the interest rate swap indicates that the monetary easing path has not changed; however, the game process is complex.
3. Finance: As stated in previous views, the coming years will be a period dominated by finance.
Therefore, whether it is the US stock market or cryptocurrency, wherever the budget is, that is where it will rise; rather than a universal rise under monetary logic.