Schroders' global investment outlook indicates that the Federal Reserve has a chance to cut interest rates, as the US presidential election will take place in November. This means that global markets will face new variables in both monetary policy and geopolitics. During this period, the financial market risks have the opportunity to gradually increase, and volatility will also be greater. The advice for investors for the rest of this year is to discern market noise. Overall, it is expected that the Federal Reserve will cut interest rates once or twice this year. Schroders global suggests that investors should adopt a diversified asset allocation strategy and diversify their portfolios as much as possible. By flexibly allocating to equities, bonds, and commodities, among other asset categories, portfolio volatility can be reduced. Expectations for rate cuts are also reflected in US Treasury bond prices, as Treasury yields have fallen significantly. There is currently a cautious view on US Treasury bonds, mainly due to concerns that inflation data could unexpectedly rebound, leading to increased volatility in the US Treasury market. With increasing uncertainty in the market, investors should adopt a barbell approach, seeking growth while balancing diverse allocations in income-generating asset categories to enhance portfolio defensiveness. In terms of growth themes, there is still optimism regarding the long-term potential of artificial intelligence (AI) related and semiconductor sectors. Besides the urgent market demand for such products, once the US cuts interest rates, it will benefit these growth stocks, with steady profit prospects and opportunities for capital appreciation. There is optimism for utility and energy infrastructure stocks, as well as insurance-linked securities, due to their relatively low correlation with geopolitics. These assets can provide a cushion when other risk assets experience price fluctuations and can also provide investors with decent dividend income.