<p>Guojin Securities analysis stated that once the U.S. economy confirms a recession, there will be a risk of "hard landing - liquidity trap - yen appreciation" intertwining, expecting a significant global asset decline and possibly triggering a crisis. It is recommended to focus on the rate cut logic, wait for the rate cut in September, gradually switch from banks and high dividend investments to small and medium-sized growth stocks, while maintaining a defensive strategy. The market needs to pay attention to the potential impact of overseas economic data on the rate cut</p>

- The article discusses the potential impact of significant interest rate cuts in September on global assets, emphasizing the risks of a "hard landing" in the US economy and the interconnected negative feedback loop involving a "hard landing - liquidity trap - yen appreciation." It suggests a defensive stance in the A-share market until a substantial rate cut materializes, recommending a shift towards a "right-side trading rate cut" strategy.
- Market focus includes interpreting recent overseas economic data on US rate cuts, analyzing August domestic economic data, and strategizing asset allocation. The article highlights the importance of selecting undervalued, mid-cap growth stocks for potential attacks post a significant rate cut in September.
- Recommendations include maintaining a defensive stance with a focus on bank holdings, gold, and innovative pharmaceuticals pre-rate cut, while considering high dividend-yielding industries for potential sustained returns. The strategy also involves focusing on specific sectors like gold and innovative pharmaceuticals and preparing for a shift in investment style post-rate cut.

Waiting for a significant interest rate cut on the right side: What do we use to "counterattack"?