According to TechFlame, on July 2, Goldman Sachs's latest research report indicates that if the Federal Reserve shifts to a more dovish position, there will be four types of market scenarios: pure dovish policy impact, declining growth expectations, coexistence between dovish and declining growth, and parallel upward growth. The analysis shows that the decline in US bond yields, the strengthening of EUR/JPY/CHF, and the rise in gold are the most stable trends in all scenarios, while the performance of US stocks is highly dependent on growth prospects. The “dovish plus upward growth” scenario is most beneficial for risky assets, but worsening summer employment and inflation data may rekindle concerns about growth. Currently, the market has begun

to price the Fed's easing policy, but subsequent trends will be highly dependent on economic data performance.