Core Viewpoint - The current market rally is primarily driven by institutional investors rather than retail investors, with a focus on industrial trends and performance rather than historical market comparisons [1] Group 1: Market Dynamics - The market has transitioned to a phase where products issued in 2020-2021 are reaching breakeven, indicating a shift in capital dynamics [1] - Future market continuation will require new allocation themes rather than relying solely on liquidity and abundant capital [1] Group 2: Investment Recommendations - The company suggests focusing on sectors such as resources, innovative pharmaceuticals, gaming, and military industries [1] - There is an emerging interest in the chemical sector, with a gradual increase in allocation towards "anti-involution + overseas expansion" categories [1] - The consumer electronics sector is also highlighted as a point of interest for September [1]