#美联储回购协议计划 Both orders are stuck at key points, just capturing the market rhythm after the Fed's repurchase protocol released liquidity. Only by understanding the connection between macro policies and the market can one find that window amidst the fluctuation. For those still observing, instead of waiting on the sidelines, it's better to deeply understand how this policy cycle drives the liquidity— the next opportunity is hidden in your understanding of the market.