大利好刷屏，最新解读来了！

Core Viewpoint - The Federal Reserve has restarted interest rate cuts, lowering the benchmark rate by 25 basis points to a range of 4.00% to 4.25%, which aligns with market expectations and signals the beginning of a new rate-cutting cycle [2][4][5]. Impact on Global Assets - The Fed's rate cut is expected to lead to a continued downward trend in the US dollar and US Treasury yields, positively impacting gold and overseas assets [6][8]. - The stock market, particularly growth and technology sectors, is likely to benefit from the rate cuts, with potential for earnings and valuations to resonate positively [7][8]. A-shares and Bond Market Outlook - The A-share market is anticipated to continue its upward trend due to domestic economic resilience and a loose liquidity environment, with technology growth sectors expected to benefit the most [9][10]. - The bond market is seen as having medium to long-term allocation value, influenced by domestic policy expectations and future PPI changes [10][11]. Foreign Investment and Market Dynamics - There is a noted return of foreign interest in Chinese assets, particularly equities, driven by policy shifts and renewed recognition of corporate competitiveness, which may be further supported by the Fed's rate cuts [11]. - The easing of US-China interest rate differentials is expected to enhance the attractiveness of Chinese bonds, highlighting their allocation value [11].