The current three major macro positive signals are injecting medium-term upward momentum into the market:
1) ETF funds continue to gradually increase their positions, with institutional demand for core asset allocation steadily being released;
2) The decline in U.S. Treasury yields opens the floodgates for capital, accelerating the flow of safe-haven funds into risk assets;
3) Expectations for a Federal Reserve interest rate cut in September are heating up, the U.S. dollar index is experiencing a temporary decline, and expectations for global liquidity easing are strengthening.
Special Reminder: This round of positive signals is not a short-term pulse stimulus, but rather a medium-term trend-driven by structural adjustments in capital and a shift in policy cycles. Although the market saw a significant drop this morning, it is actually a reflection of capital's wait-and-see stance before the implementation of the "pause on tariffs" policy — when macro logic continues to materialize, short-term fluctuations resemble a chip exchange before capital positioning.
Under the dual catalysis of liquidity improvement and policy dividends, the market is transitioning from "emotional speculation" to "value reassessment". It is advisable to anchor structural opportunities with a longer-term perspective, as the medium-term trends for quality targets are already brewing.