[Strategist Warning: Walsh's 'Rate Cut Declaration' Conceals Traps, The Cost Could Be Global Liquidity Contraction] Jin10 Data, January 30 – Wilson Asset Management portfolio strategist Damian Boey stated that Walsh has publicly expressed a preference for lowering interest rates. However, the trade-off for achieving rate cuts is his hope that the Federal Reserve will reduce the size of its balance sheet. The market seems to be pondering: What would the world look like if the Federal Reserve's balance sheet shrinks? Once discussions begin about pulling away foundational support, all the assets people have been using to hedge against balance sheet expansion—such as gold, cryptocurrencies, and obviously bonds—will start to face sell-offs.