According to online reports, Goldman Sachs 'latest research report pointed out that if the Federal Reserve shifts to a more dovish stance, four market scenarios will emerge: pure dovish policy impact, growth expectations decline, dovish coexistence with growth decline, and dovish coexistence with growth upward parallel. Analysis shows that the downward trend in U.S. bond yields, the strengthening of the euro/yen/Swiss franc and the rise in gold are the most stable trends among the scenarios, while the performance of U.S. stocks is highly dependent on growth prospects. The "doves + growth up" scenario is most favorable for risky assets, but a deterioration in summer employment and inflation data could reignite growth concerns. At present, the market has begun to price the Federal Reserve's easing policy, but subsequent trends will be highly dependent on the performance of economic data.