【Institution: As early as October, the stock market may be under pressure along with the bond market】Golden Finance reports that Guy Stear, Head of Developed Market Strategy at Amundi Investment Institute, expects that as early as October, rising tariff-related costs and cash flow issues will drive a significant increase in high-yield refinancing costs and default rates, leading to concerns about employment, investment, and growth. When the credit bond market ultimately faces pressure, the stock market will also come under pressure.