CICC pointed out that the market began to fluctuate and adjust in mid-May, and there was a recovery after the beginning of June, but it is still far from the previous high. On the industry side, with the cumulative increase in hot topics and high levels of congestion, attention to style rebalancing has recently increased. Looking at the overseas environment, after the opening of the Strait of Hormuz, crude oil supply disruptions abated, and WTI crude oil fell to about 70 US dollars/barrel. The upward pressure on global inflation has clearly weakened, yet Federal Reserve Chairman Walsh's monetary policy stance still affects investors' expectations of US monetary policy in stages. Judging from the internal environment, the A-share market is about to enter the interim reporting period. The good interim report performance from July to August is expected to provide some support to the index. The phenomenon of early turbulence and rapid rotation in style may already be at an end. CICC believes that the interim report performance will gradually become the main line of investment.

CICC pointed out that the market began to fluctuate and adjust in mid-May, and there was a recovery after the beginning of June, but it is still far from the previous high. On the industry side, with the cumulative increase in hot topics and high levels of congestion, attention to style rebalancing has recently increased. Looking at the overseas environment, after the opening of the Strait of Hormuz, crude oil supply disruptions abated, and WTI crude oil fell to about 70 US dollars/barrel. The upward pressure on global inflation has clearly weakened, yet Federal Reserve Chairman Walsh's monetary policy stance still affects investors' expectations of US monetary policy in stages. Judging from the internal environment, the A-share market is about to enter the interim reporting period. The good interim report performance from July to August is expected to provide some support to the index. The phenomenon of early turbulence and rapid rotation in style may already be at an end. CICC believes that the interim report performance will gradually become the main line of investment.