Market Overview - The Shanghai Composite Index broke through the 3600-point mark this week, reaching a new high for the year with a weekly increase of 2.21% [2] - Daily average trading volume in the Shanghai and Shenzhen markets reached 1.82 trillion yuan, an increase of over 290 billion yuan compared to the previous week [2] - Key policy announcements, including the start of major infrastructure projects and the confirmation of Hainan's free trade port closure date, positively impacted market sentiment, particularly in the upstream sectors like construction materials, coal, and steel [2] Bond Market - The bond market experienced a comprehensive adjustment this week, with both government and corporate bonds declining, resulting in negative returns for pure bond funds [3] - The overall funding environment remained balanced, with the central bank providing timely liquidity support through MLF operations, leading to a neutral impact on the bond market [3] Commodity Market - Gold prices fluctuated this week, initially rising due to increased market risk aversion but later declining amid optimistic trade agreement developments [4] - The overall trend for commodities was positive, with the South China Commodity Index rising by 2.73% this week, driven by significant increases in black and energy commodities [39] Overseas Market - Global risk assets generally rose, with the US stock market reaching new highs, supported by positive earnings reports and developments in AI [5] - The S&P 500 index is currently near high valuation levels, indicating a potential decrease in winning odds for US equities in the short term [10] Stock Market Insights - The A-share market continued its upward trend, with the CSI 500 index showing significant weekly gains, reflecting strong investor sentiment and market performance [12] - The market is currently characterized by high trading volumes and turnover rates, particularly in the CSI 300 and CSI 500 indices, which are above their three-year average levels [14] Sector Performance - In the past week, the construction materials, coal, and steel sectors performed exceptionally well, with respective increases of 8.20%, 7.98%, and 7.67% [22] - The overall market sentiment remains optimistic, with a focus on sectors with high earnings certainty and potential for positive surprises [7]