The U.S. policy level is brewing a major adjustment. A series of recently announced measures directly target the financial and real estate markets.

Credit card interest rate issues are at the forefront—calling for a cap set at 10%. This is a significant benefit for consumers and also means that the profit margins for financial institutions will be squeezed. The ban on institutional purchases of single-family homes is also noteworthy, aiming to break the monopoly of large capital on the housing market.

Even more aggressive is the direct purchase of $200 billion in mortgage-backed securities to lower interest rates. This substantial financial commitment reflects strong support for the real estate market. Meanwhile, the Federal Reserve is explicitly instructed to reduce interest rates to 1% by 2026. If this comes true, liquidity will experience an unprecedented release.

Energy prices are also on the agenda—setting $2 per gallon of gasoline as an economic priority, involving the oil and gas sector and the entire energy cost chain. Lastly, there are "stimulus checks" related to tariffs, with a scale of $2,000. Although not huge, the signal is to continue stimulating consumption.

This combination of measures in an election year will trigger chain reactions across multiple dimensions such as liquidity, asset allocation, and the costs of the real economy. Market participants need to closely monitor the follow-up developments of these policies.