Fidelity International's global multi-asset investment management director, Matthew Quaife, stated at a press conference that he is bullish on the US stock market, particularly on the performance of mid-cap stocks. He expects the fundamental situation of the US economy to transition from a "soft landing" to "inflation rising," and for the economy to shift from one that supports global growth with strong growth to a protectionist focus on domestic development. As for the price of gold, he believes that the recent adjustment presents a good opportunity for market entry, but when investors should reabsorb gold depends on when inflation returns and how central banks respond to inflation. Matthew Quaife also pointed out that if the Federal Reserve responds to inflationary pressures by entering a rate-hiking cycle, the US will once again face economic downside risks. Currently, the market expects the end point of the central bank's easing cycle to be higher than before the election, but Fidelity expects the easing cycle to continue until 2025, as long as any significant changes such as tariffs, immigration policies, or fiscal policy expansions become clearer. Regarding the Central Economic Work Conference next week and China's GDP growth forecast for next year, Matthew Quaife stated that Fidelity has not made any estimates. However, Fidelity International fund manager Jochen Breuer believes that the Chinese market still offers opportunities, as more economic stimulus measures are expected to be implemented in response to potential US tariff threats. Furthermore, Jochen Breuer stated that the trend of increasing capital allocation through dividend increases and stock repurchases in mainland China and South Korea continues to grow, providing opportunities for investors. While the progress of South Korea's value creation plan is slow overall, the returns for shareholders of multiple investment portfolio holdings have continued to improve. Fidelity International fund manager James Durance, regarding fixed income investments, mentioned that central bank policy divergences and narrowing credit spreads are favorable for investors to adopt a global fixed income investment strategy that is not tied to specific benchmark indices to generate profits. This involves flexibly combining investments in corporate and government bonds denominated in various currencies, as well as investment-grade bonds, high-yield bonds, and emerging market bonds of various maturities.