Investment Rating - The report indicates a strong medium-term outlook for the stock index futures market, with a recommendation to hold bullish options and implement hedging strategies [1]. Core Insights - The report emphasizes the ongoing support for domestic demand and consumption policies, highlighting initiatives from various government departments aimed at enhancing consumer capacity and stimulating consumption [1]. - Post the Two Sessions, the focus is on technology and consumption sectors, with a preference for consumer stocks benefiting from policy support, while technology stocks show internal divergence [1]. - In the bond futures market, the report suggests a stable short-term outlook for short-term bonds and identifies opportunities for long-term bonds to recover from oversold conditions [3]. - The report notes that the overall funding supply in the interbank market remains adequate, but high interest rates persist, impacting the bond market's performance [3]. - In the commodity futures market, particularly in the steel sector, the report indicates significant supply pressures due to high inventory levels and recovering production, which may lead to downward pressure on prices [5][6]. Summary by Sections Stock Index Futures - Daily view: Slightly strong oscillation - Medium-term view: Strong bias - Strategy: Hold bullish options and implement hedging [1]. Bond Futures - Daily view: Short-term bonds stable, focus on long-term bonds for recovery - Medium-term view: Wide oscillation expected - Strategy: Gradual opening of long-term bond trading windows [3]. Commodity Futures - Daily view: Weak oscillation in black and building materials sector - Medium-term view: Under pressure - Strategy: Profit-taking on certain options and temporary exit from others [5][6].