Group 1 - The core viewpoint indicates that the A-share market, driven by speculative funds, has shown a strong independent upward trend, with the short-term trend returning to an upward direction [3][4]. - The Shanghai Composite Index and the CSI 300 Index experienced weekly gains of 1.70% and 2.37% respectively, while the CSI 500 Index surged by 3.88% [3]. - Economic data released in July shows a significant cooling trend, with most indicators such as industrial production, real estate sales, and retail consumption showing year-on-year declines [3][4]. Group 2 - The technical analysis highlights that speculative funds have played a crucial role in the market's recovery, with A-shares demonstrating independent pricing power despite weak fundamental data [4][5]. - The market's recent performance suggests a shift from a fundamental-driven market to one dominated by liquidity, with a recommendation for high positions in the main board and small-cap sectors [5]. - The short-term momentum model suggests focusing on industries such as automotive, telecommunications, and computing, while the overall style has shifted to favor large-cap stocks [5].

Group 1 - The market has entered a correction phase, with the CSI 300 index down by 0.18%, the Shanghai Composite Index down by 0.57%, and the CSI 500 index down by 1.10% last week, indicating a negative trend influenced by both internal and external factors [2][4] - The automotive industry performed well, ranking second in weekly gains, just behind the pharmaceutical sector, suggesting potential investment opportunities in this sector [2][4] - Domestic economic indicators show a mismatch between strong export performance and weak domestic production and consumption, indicating a cautious outlook for the Chinese economy, which is still experiencing a wave of recession [3][4] Group 2 - The technical analysis indicates a strengthening downtrend in the market, with both the main board and small-cap sectors showing signs of adjustment, leading to a cautious stance on investments in these areas [4] - The U.S. is facing renewed trade tensions, particularly with the EU, which adds to the global economic risks and complicates the investment landscape, suggesting that the current geopolitical climate may not favor Chinese companies as indirect beneficiaries [3][4] - The recommendation for the main board and small-cap sectors remains low positions to mitigate risks, reflecting a bearish sentiment in the short term [4]