国内经济数据亮眼增信心

Group 1 - The core viewpoint indicates that the equity market is showing a positive trend while the bond market is experiencing high-level fluctuations. The recent strong economic data from China has boosted market confidence, leading to a recovery in the A-share market despite previous concerns over the US "reciprocal tariffs" event [2][8]. - A-share market is stabilizing with a mild upward trend, supported by a GDP growth rate of 5.4% year-on-year in Q1. This resilience suggests a potential for sustained upward movement in the market [3][9]. - The technology sector is expected to remain a key focus for long-term investment, bolstered by national policy support and expanding industry space. The consumer sector is also anticipated to benefit from policy effects, indicating a potential recovery [11][12]. Group 2 - The bond market is expected to maintain a high-level fluctuation trend, with short-term bonds showing potential for better performance. The recent volatility in US Treasury yields has had limited impact on the Chinese bond market [4][34]. - The overall bond market is characterized by stability, with low-risk preferences supporting the current trend. Short-term bonds are recommended for investment due to their relative value [34][36]. Group 3 - The commodity market is experiencing a weak rebound, with gold and precious metals performing well due to increased demand for safe-haven assets. However, oil and metal commodities are underperforming due to oversupply in the international market [6][41]. - The recommendation for commodity investment emphasizes maintaining current allocations in gold, given its strong safe-haven logic amid ongoing geopolitical tensions and economic uncertainties [42].