PANews reported on January 30th that, according to Jinshi, Damian Boyle, portfolio strategist at Wilson Asset Management, stated that Walsh has publicly expressed a preference for lower interest rates. However, his condition for achieving rate cuts was that the Federal Reserve reduce the size of its balance sheet. The market's reaction seems to be pondering: what would the world be like if the Fed's balance sheet shrinks? Once the talk of removing the foundational support begins, all assets that people have been using to hedge against balance sheet expansion, such as gold, cryptocurrencies, and obviously bonds, will begin to be sold off.
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