Position management is a philosophy... It's the most hidden, and also the risk management that most investors overlook. Respect the market!

Today's economic data - employment data exceeded expectations,

The probability of an interest rate cut this year is almost zero, and expectations for a rate hike are heating up

Just this first point makes high-valuation holdings somewhat uncomfortable

As long as interest rates remain unchanged this year, the market trend will continue...

If there's a rate hike, that's a different story...