Group 1 - The core viewpoint is that as inflation data cools, market expectations for significant interest rate cuts by the Federal Reserve have surged, prompting Wall Street institutions to adjust their strategies in anticipation of a potential shift in monetary policy [2][3] Group 2 - Key changes in interest rate cut expectations include a rise in the probability of a September rate cut to 75%, a 25 basis point drop in the 2-year U.S. Treasury yield over the week, and Goldman Sachs predicting a total rate cut of 100 basis points within the year [3] Group 3 - Wall Street's strategic adjustments involve increased investments in technology stocks, record inflows into Nasdaq ETFs, extending the duration of bond holdings by increasing investments in U.S. Treasuries with maturities over 10 years, and hedging against currency fluctuations by betting on the U.S. dollar index falling below 100 [3] Group 4 - Potential risks highlighted include the possibility of inflation rebounding, which could lead to significant market volatility, the concern that the market may have overestimated the likelihood of rate cuts, and the pressure on banks' net interest margins [3] Group 5 - The conclusion emphasizes that the current enthusiasm for rate cuts serves as both a defense against economic slowdown and a preview of a liquidity feast, while investors should remain cautious as the Federal Reserve's policy path is often more complex than market expectations [3]