Peng Hao, head of macro-themed investment in freshwater springs, said in an interview with the Shanghai Securities News that despite frequent short-term external disturbances, the cornerstone of the medium- to long-term development of the market has not changed; on the contrary, with short-term sentiment bottoming out, China's core assets have ushered in a very attractive opportunity for revaluation. Peng Hao said that the recent market correction is essentially the result of global macroeconomic risk spillover and negative domestic sentiment feedback resonating. On the one hand, uncertainty about the US and Iran geopolitical situation suppresses risk appetite, and high US bond yields constrain valuations, compounding market concerns about credit and debt risks in the overseas AI industry, putting pressure on global assets; on the other hand, pessimism is amplifying in the market, and net capital outflows continue. There is a clear divergence between current pessimistic expectations and the profits of listed companies. While profits from heavy institutional stocks continue to improve, the stock prices of some high-quality assets have clearly surpassed the decline.

Peng Hao, head of macro-themed investment in freshwater springs, said in an interview with the Shanghai Securities News that despite frequent short-term external disturbances, the cornerstone of the medium- to long-term development of the market has not changed; on the contrary, with short-term sentiment bottoming out, China's core assets have ushered in a very attractive opportunity for revaluation. Peng Hao said that the recent market correction is essentially the result of global macroeconomic risk spillover and negative domestic sentiment feedback resonating. On the one hand, uncertainty about the US and Iran geopolitical situation suppresses risk appetite, and high US bond yields constrain valuations, compounding market concerns about credit and debt risks in the overseas AI industry, putting pressure on global assets; on the other hand, pessimism is amplifying in the market, and net capital outflows continue. There is a clear divergence between current pessimistic expectations and the profits of listed companies. While profits from heavy institutional stocks continue to improve, the stock prices of some high-quality assets have clearly surpassed the decline.