Core Viewpoint - The global capital markets are focusing on the potential shift in the Federal Reserve's monetary policy, with increasing expectations for interest rate cuts as the Fed's September rate decision approaches [1] Group 1: Federal Reserve's Monetary Policy - Multiple institutions are betting on the Federal Reserve lowering interest rates, leading to a rise in rate cut expectations [1] - The Fed is more likely to initiate preemptive rate cuts in the context of an economic soft landing [1] Group 2: Impact on Global Capital Flows - A potential rate cut by the Fed could reshape global capital flow patterns, presenting a capital revaluation opportunity for emerging markets [1] - Risk assets are entering a favorable window for investment, particularly in interest rate-sensitive sectors [1] Group 3: Investment Opportunities - Investors are encouraged to capture liquidity dividends and align with industrial trends during the reconstruction of global liquidity [1]