The current macro environment has emerged from the most difficult phase, and market confidence is gradually recovering. Once the market adjustment ends, the trend is expected to shift from a rebound phase to a reversal.
If there is no interest rate cut in May, the probability of a rate cut in June will significantly increase. At that time, combined with the progress of tariff negotiations and other policies, the market is likely to rebound rapidly. Therefore, the entire month of May will be a good opportunity for positioning at lower levels.
