国泰海通｜策略：稳固优化：中国权益仍具备上行动能

Group 1 - The article highlights concerns about the resilience of the US economy due to significant downward revisions in employment data, which may impact market perceptions and bond yield configurations [1] - The outlook for A-shares remains highly optimistic due to continuous upgrades in economic sentiment, strong government support for capital markets, stable market liquidity, improving risk appetite, and optimized micro trading structures [1] - The article suggests that multiple factors are likely to support the performance of Chinese assets, maintaining a tactical overweight view on A-shares [1] Group 2 - The article maintains a tactical overweight view on US equities, despite short-term doubts about economic resilience stemming from employment data revisions [2] - It notes that global geopolitical conditions have eased, leading to reduced concerns over oil supply, while global oil demand remains weak, resulting in a tactical underweight view on oil [2] - The article emphasizes that the strong risk appetite is beneficial for supporting the stability of the RMB exchange rate, maintaining a tactical benchmark view on the currency [2]