Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints of the Report - The short - term trend of the stock index is mainly range - bound, with an upward mid - term trend and a slightly stronger intraday trend. The policy - side positive expectations provide strong support, but the short - term policy driving force is insufficient [1][5] Group 3: Summary by Related Catalogs Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2509, the short - term view is "oscillation", the mid - term view is "rise", the intraday view is "oscillation with a slight upward bias", and the reference view is "range - bound oscillation". The core logic is that the positive policy expectations provide strong support [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, and IM. The intraday view is "oscillation with a slight upward bias", the mid - term view is "rise", and the reference view is "range - bound oscillation". The core logic is that the domestic macro - economic indicators have weakened marginally recently, and the weak performance of credit and inflation data indicates that there is still downward pressure on domestic demand. More policies to support demand are needed, so the expectation of policy benefits has increased. However, there is no clear policy signal in the short term, and the incremental policy signals are expected to come out after the Politburo meeting in July. Although the market sentiment has recovered, the short - term policy driving force is insufficient. Attention should be paid to the overseas uncertainties such as the Middle East situation and the Sino - US tariff war [5]