Group 1 - The key factor driving the current market rally is the recovery of raw material prices, which has led to expectations of macroeconomic recovery from deflation [1] - The market is still in an upward trend, and the lack of widespread recognition of this trend suggests continued volatility [1] - The certainty of commodity prices hitting a bottom indicates a long-term improvement in expectations, despite short-term fluctuations [1] Group 2 - The Federal Reserve's interest rate cuts are certain, with a low probability of changing direction, supporting long-term confidence in the U.S. capital markets [2] - The technological revolution brought by artificial intelligence and other new technologies is a certain factor that may become significant as market expectations improve [2] - The IMF has revised its global economic growth forecasts for 2025 and 2026, indicating a positive outlook for the global economy [2] Group 3 - The conclusion for August is that multiple market trends are expected to remain positive [2]