Group 1 - Trump's nomination of Kevin Warsh as the next Federal Reserve Chairman signals a political adjustment aimed at reshaping dollar policy and market risk sentiment, with Warsh's hawkish stance expected to influence the Fed's balance sheet management and policy credibility [1][3] - Following the announcement, gold and silver prices experienced a significant drop, while the dollar strengthened slightly, indicating that the market is beginning to digest the policy signals [3][6] - The nomination comes at a time when the U.S. is restructuring its economy through trade, industry, and income adjustments, with Warsh's hawkish policies providing clear monetary signals to stabilize market expectations and reduce uncertainty around the dollar [4][10] Group 2 - Investors are advised to closely monitor three key signals: gold prices, the dollar index, and corporate capital expenditure trends, as these will determine the pace and direction of asset reallocation by 2026 [8][10] - The stability of Fed policies under Warsh is expected to enhance the transparency and flexibility of the dollar and interest rate markets, potentially alleviating uncertainties regarding U.S. Treasury yields [8] - The focus on capital expenditure, particularly in AI and infrastructure, is likely to support long-term growth in equity markets and risk assets, driven by increased investment from businesses [8][10]