Hua Er Jie Jian Wen·2025-05-07 00:39Group 1 - Goldman Sachs warns that the recent stock market rebound may be a typical bear market rally, driven by uncertainty [1] - The current market environment presents a dilemma for investors, as they must choose between chasing a weakening rebound or risking missing out on further gains [1] - Historical data suggests that the current rebound may be nearing its limits, with global stock markets experiencing an average gain of 14% during bear market rallies [3] Group 2 - Many investors are forced to "buy back" their positions during the rebound, despite a negative outlook on future macro growth [2] - Systematic investors are steadily increasing their purchases, providing support for the rebound, with expectations of significant buying activity in the coming week [3] - Retail investors are also increasing their risk exposure, marking the strongest buying month since 2017 [5]