Zheng Quan Shi Bao Wang·2025-09-22 05:47Group 1 - The overall sentiment in the A-share market remains high, focusing on core independent trend stocks, with no clear signs of a peak or pullback [1] - The market is currently in a phase of horizontal consolidation, with historical reference points suggesting a potential pullback to the 60-day moving average [1] - The expectation for a slow bull market remains unchanged, with the potential for further gains if the Federal Reserve lowers rates by an additional 50 basis points this year [1] Group 2 - The recent interest rate cut by the Federal Reserve is seen as a macro event that is generally favorable for the market, although A-share indices have faced some pressure after initial gains [2] - There is a noted decline in the profitability of previously popular technology stocks, indicating a potential cooling of market sentiment [2] - The upcoming "Eleventh" holiday may lead to a decrease in trading activity, with the market likely to remain in a state of oscillation and consolidation before the holiday [2]