Group 1 - Current macro policies have laid the foundation for a "structural bull market," but full recovery of investor sentiment will take time [1] - Historical bull markets require three elements: favorable macro policies, market conditions, and improved investor sentiment [1] - The shift from cautious to proactive macro policies is expected to boost liquidity and restore confidence among businesses and investors [1] Group 2 - Institutional investors have shifted from active trading to a more passive and cautious approach, which may hinder sustained market improvement [2] - Many new retail investors are engaging in short-term trading strategies, indicating a need for market maturation before a significant rally can occur [2] - Current economic data shows slow improvement, and there is still a significant amount of untapped capital waiting to enter the market [2] Group 3 - In the context of increasing global economic uncertainty, investors are advised to maintain a rational and steady investment approach [3] - The company emphasizes its commitment to serving the real economy and providing high-quality, responsive trading channels for investors [3]