Previously mentioned ORCL on 168x has just bounced back from weekly oversold levels, delivering decent returns. Oil prices and inflation have gradually returned to Q1 lows, but interest rates are still climbing. This indicates that the driving factor behind high interest rates in the later stages of the war mainly comes from real interest rates rather than inflation expectations. Walsh refused to provide more specific policy expectations. The dollar liquidity provided to 日本 by the Treasury doesn’t change the carry trade structure but merely delays the yen depreciation process. In this complex macro environment, we’ve observed gold suddenly showing trading resilience. Will spend more time researching long positions on gold moving forward.