股债火热商品遇冷，政策落地助力市场信心走强

Group 1 - The overall performance of major asset classes shows that stocks and bonds continue to rise, while commodities are experiencing a downturn [1][8] - A-shares saw significant gains in the first half of the week, supported by multiple economic policies announced by the central bank and regulatory bodies, which enhanced market liquidity [2][11] - The bond market is benefiting from the recent interest rate cuts, leading to a decrease in yields and an increase in prices, indicating a favorable short-term outlook [3][34] Group 2 - The A-share market is expected to enter a "honeymoon period" with a high probability of steady upward movement due to strong domestic policy support and improved international conditions [2][13] - The technology sector is likely to see a rebound due to policy support aimed at enhancing liquidity for small and medium-sized tech enterprises [11][12] - The consumer sector remains promising, with ongoing policies aimed at stimulating domestic demand expected to continue driving market momentum [12][13] Group 3 - The commodity market is facing downward pressure, primarily driven by the decline in gold prices, which had previously supported the market [6][37] - Short-term recommendations suggest reducing exposure to gold due to its recent overvaluation, while maintaining a cautious approach to other commodities [41][37] - The bond market is viewed as having strong short-term value, particularly in short-duration bonds, as they are more favored by the market [5][34]