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Vanguard went against tradition and suggested the strategy of "six shares of debt and four shares" to deal with policy risks. In view of the high interest rate and stock valuation, Vanguard Group suggested that investors establish defensive positions in the new year and increase their investment in bonds instead of stocks. The company's 2025 outlook lists the asset allocation model built by economists and portfolio teams, which allocates 62% of the funds to fixed-income securities and the remaining 38% to stocks. In contrast, the ratio of stocks to bonds in the traditional portfolio is 60% to 40%. Although the US economy is still strong, the stock market valuation is close to historical highs, which makes stocks more vulnerable to potential policy risks after Trump takes office. At the same time, interest rates may remain higher than those in the 2010 s, thus providing investors with stable income and more protection in the case of risk aversion.If the Bank of Canada cuts interest rates by 50bp as expected, it is expected that the pace of interest rate cuts will slow down. The Bank of Canada cut interest rates sharply for the second time in a row this month, and hinted that policymakers are prepared to slow down the pace of monetary easing. The bank cut interest rates by 50 basis points to 3.25%, bringing borrowing costs to the upper part of their expected range of neutral interest rates. However, they also hinted that after the sharp interest rate cut expected by the market and most economists, there may be a smaller interest rate cut again in 2025. Officials dropped their previous statement that they expected to further reduce borrowing costs. "With the policy interest rate greatly reduced, we expect that if the economic development is generally in line with expectations, monetary policy will adopt a more gradual approach," Bank of Canada Governor Mackler said in a prepared speech. "Looking ahead, we will evaluate the necessity of further reducing the policy interest rate one by one."Bitcoin rose by 4.5% and stood at $100,000 again. Bitcoin strengthened again today, rising by 4.5% in the day and standing at $100,000 again. Ethereum rose more than 6% and approached $3,800.

Bank of Canada: Wage growth shows signs of slowing down, but wage growth related to productivity is still at a high level.Goldman Sachs CFO Coleman: US President-elect Trump announced the chairman of the Federal Trade Commission (FTC). It is expected that this progress will lead to more M&A transactions.US officials say that Russia may soon launch another hypersonic missile into Ukraine.

Bank of Canada Governor Mackler M: Monetary policy no longer needs to remain tight. The job market is still weakening. Officials will adopt a more "gradual" interest rate policy.The Israeli army claimed to have attacked "most of Syria's strategic arsenals" in the past 48 hours. The Israel Defense Forces said on the 10th that hundreds of attacks were carried out in Syria in the past 48 hours, hitting most of Syria's strategic arsenals. In terms of ground operations, the Israeli army claimed to have attacked more than 130 arsenals and military buildings in Syria. On the naval side, Israeli warships attacked two naval ports in Syria where 15 ships docked, and the Israeli army destroyed dozens of ship-to-ship missiles. On the air force side, Israeli warplanes have flown in Syrian airspace for hundreds of hours and carried out more than 350 air strikes, targeting a wide range, including air defense positions, air force airports and dozens of weapons production facilities in Damascus and Homs, destroying Scud missiles, cruise missiles, fighter planes, tanks, radars and other weapons and equipment. (CCTV)Zhengzhou Economic Development Zone held a listing through train activity to boost the Nasdaq IPO of small and medium-sized enterprises. On December 11th, Zhengzhou Economic Development Zone held a "Nasdaq IPO through train" activity for small and medium-sized enterprises (the second event), which opened up all-round financing channels before, during and after the listing of enterprises, continuously improved the financing ability of small and medium-sized enterprises in the capital market, and boosted the Nasdaq listing of enterprises in its jurisdiction. (Dahe Finance Cube)