Group 1 - The market may not react as expected to the anticipated interest rate cuts by the Federal Reserve, raising questions about the appropriateness of such measures [2] - The July Consumer Price Index (CPI) report indicates a core inflation increase of 0.3%, marking the largest rise in six months [2] - Tariff policies under the Trump administration are exacerbating inflationary pressures, with potential tariff revenue increases of $250 to $300 billion over the next year [2] Group 2 - The Federal Reserve's decisions could significantly impact large technology stocks, which currently represent 76% of the total market capitalization, the highest concentration in history [3] - Rising U.S. Treasury yields may lead to a shift of funds from the stock market to the bond market, with a warning that a 10-year Treasury yield reaching 5% could trigger profit-taking in large tech stocks [3] - Investors are advised to exercise caution when pursuing popular tech stocks, as volatility is expected [3]