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Jinse Finance reported that a research report by CITIC Securities pointed out that the volatility of global risk assets on the surface is a liquidity issue, but in essence, it is due to risk assets being overly dependent on the single narrative of AI. When the pace of industry development cannot keep up with the rhythm of the secondary market, appropriate valuation corrections are also a way to mitigate risks. On Thursday evening in the East 8th time zone, the release of US non-farm employment data and the downward revision of expectations for Fed rate cuts within the year triggered a correction in the valuation of high-level assets. Market anxiety about the sustainability of North American AI infrastructure was also amplified by the expectation of delayed rate cuts. The expansion of AI commercialization scenarios, hardware cost concessions, and rising financial stability risks forcing the Fed to cut rates ahead of schedule could all break the current deadlock. Before this happens, for A-shares, the continuous inflow of absolute return-oriented funds with stable returns is enhancing the market's intrinsic stability. Under a capital ecosystem increasingly dominated by left-side, stable funds, A-shares/Hong Kong stocks may in the future experience more "sharp drops and slow rises" like US stocks. For investors needing to increase equity allocation, the early release of current risks provides an opportunity to reallocate to A-shares/Hong Kong stocks at the end of the year and to lay out positions for 2026.