Mei Ri Jing Ji Xin Wen·2025-08-06 05:54Group 1 - The core viewpoint of the article emphasizes that changes in market risk appetite dominate market rhythm in the context of a weak but stable economic recovery [1] - The Politburo meeting in July highlighted the importance of policy continuity, stability, flexibility, and predictability, indicating that macro liquidity will remain loose [1] - There is a significant probability of a Federal Reserve rate cut in September, which is expected to lead to a decline in the US dollar index and US Treasury yields, although various factors may cause fluctuations in expectations [1] Group 2 - Current active funding sources include financing funds, private equity funds, and industry/theme ETFs, which are expected to continue leading the market until other types of off-market funds enter [1] - The 2000 ETF (561370) tracks the CSI 2000 Index, which selects 2000 smaller-cap stocks with good liquidity, covering multiple industries such as machinery, electronics, and computers, effectively capturing the growth potential of small-cap stocks [1] - Investors are encouraged to pay attention to the subsequent elasticity expectations of the small-cap stock sector [1]