According to the Guojin Securities Research Report, the A-share market showed a pattern of contraction and fluctuation last week. Trading sentiment is clearly cooling down, and new changes are emerging. The future structural signals may be clearer than the total: domestically, the relaxation of restrictions on non-bank institutions in the financial market will further form a positive cycle with the recovery of profits across A; while the probability that economically production and exports will resonate with the trend of global manufacturing recovery is increasing. Overseas, due to sufficient pricing of the Fed's interest rate cuts at the market stage, the US dollar may rebound in the short term, putting some pressure on risky assets; however, looking back, the weak job market is still the most critical issue in the US. Disturbances in the pace of interest rate cuts will not affect the long-term trend of interest rate cuts. In this context, the increase in global physical consumption brought about by the recovery in the manufacturing industry is a definite opportunity.

According to the Guojin Securities Research Report, the A-share market showed a pattern of contraction and fluctuation last week. Trading sentiment is clearly cooling down, and new changes are emerging. The future structural signals may be clearer than the total: domestically, the relaxation of restrictions on non-bank institutions in the financial market will further form a positive cycle with the recovery of profits across A; while the probability that economically production and exports will resonate with the trend of global manufacturing recovery is increasing. Overseas, due to sufficient pricing of the Fed's interest rate cuts at the market stage, the US dollar may rebound in the short term, putting some pressure on risky assets; however, looking back, the weak job market is still the most critical issue in the US. Disturbances in the pace of interest rate cuts will not affect the long-term trend of interest rate cuts. In this context, the increase in global physical consumption brought about by the recovery in the manufacturing industry is a definite opportunity.