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According to Securities Times e Company, the strategic research team of CITIC Construction Investment released a research report saying that after the implementation of the real estate policy, we warned that tactically we should close when it is good in the short term, and the market adjusted as scheduled this week. Recently, expectations of the Federal Reserve's interest rate cut continue to shift backward, exchange rate pressure has increased, and China issued special treasury bonds, but the market in the early stagemegamillionlotterynumbersExpectations of reducing reserve requirements and interest rates have not been fulfilled, and net investment has not occurred. The implementation of new rules on reducing A-share holdings, and the recent restart of IPO reviews, broad-based ETFs showed outflows and the margin of micro-liquidity shrank. The export boom is still there, and the recovery of domestic demand remains to be seen. We believe that strategically we can still be optimistic about A-shares, and tactically focus on defense in the short term and wait patiently. The configuration is still based on dividends and bottom positions, while focusing on independent fundamental logic.megamillionlotterynumbersindustry.