节前波动有所放大，持股还是持币过节？

Group 1 - The report indicates that the bond market is expected to maintain a relatively stable trend before the holiday, with seasonal pressures being manageable due to central bank support for liquidity [10][13]. - In the stock market, the approach to the upcoming holiday is characterized by increased volatility, with some investors opting to take profits and hold cash, while the risks during the holiday period are deemed manageable [3][10]. - The technology growth sector remains a focal point for investors, particularly in the context of economic pressures, with expectations of policy catalysts following significant meetings in October [3][13]. Group 2 - The report highlights that the A-share market has shown a mixed performance, with the ChiNext board continuing to perform strongly, while the overall market remains in a phase of fluctuation [10][13]. - The report notes that the average daily trading volume in the two markets has decreased to 23,132 billion yuan, reflecting a decline of 2,047 billion yuan compared to the previous week, as market activity slows ahead of the holiday [20]. - The domestic macro multi-asset model has achieved a year-to-date return of 10.82%, outperforming the benchmark by 3.72%, with a Sharpe ratio of 2.63, significantly higher than the benchmark's 1.32 [21].