Reverse investment sowing, waiting for time to bloom.

The market is currently in a volatile period, we maintain a leverage of 0.52, waiting for the market rebound. If a significant drop occurs, we will enter the market again and increase leverage for buying. The current account is basically at a high value, and there is no need for excessive position adjustments.

Market analysis on February 19, 2024:

Market Overview:

- Gold returns to the $2930 mark, approaching historical highs

- The dollar index rose by 0.28%, closing at 107.04

- The three major A-share indices declined, with bank stocks performing strongly against the trend

- European and American stock markets fluctuated slightly, with mixed performance in technology stocks

Positive factors worth noting:

- China will implement a more proactive fiscal policy and moderately loose monetary policy

- The National Development and Reform Commission supports private enterprises participating in the "two highs and two new" construction

- The U.S. and Russia have begun dialogue on the Ukraine issue, proposing a three-stage peace plan

- Institutional investors' risk appetite is recovering

Risks to be cautious of:

- Trump's proposal for a 25% car tariff plan raises market concerns

- G7 considers tightening the price cap on Russian oil

- Uncertainty remains in the geopolitical situation

- Valuation pressures emerge for AI concept stocks

Risk Warning: Leverage is not a devil; it is merely a tool to enhance capital efficiency. Leverage itself does not carry risk; the real risk comes from human nature.