Di Yi Cai Jing·2025-06-29 23:34Group 1 - Structural opportunities will be a key topic throughout the mid-year reporting season, while index-based opportunities may need to wait until the end of Q3 or Q4 [1][18] - The A-share market is expected to show a trend of oscillating upwards, with three main lines of investment opportunities: high safety margin assets, technology as a long-term mainstay, and consumer sectors boosted by policy [18] - The third quarter will see a restart of IPOs for technology companies, with a focus on AI and military sectors for structural opportunities [18] Group 2 - The U.S. stock market saw all three major indices rise, with the Dow Jones up 1% and the S&P 500 and Nasdaq both reaching historical highs [3] - Consumer confidence has significantly improved, with the University of Michigan's consumer confidence index rising to 60.7, the highest level in four months [4] - The People's Bank of China is implementing a moderately loose monetary policy to stabilize economic growth and maintain reasonable price levels, while also addressing challenges such as insufficient domestic demand [7]