Group 1 - The external environment is gradually easing, allowing the market to refocus on internal economic development trends. Recent developments include the Federal Reserve's interest rate cut and progress in China-U.S. trade negotiations, indicating a more favorable external environment [1] - The performance growth rates in investment and consumption sectors remain to be boosted, while advanced manufacturing and large technology sectors show higher prosperity, indicating a structural divergence in the real economy. Investors have adequately priced in these conditions, leading to a reassessment of growth potential and valuation post third-quarter report disclosures [1] - The market experienced fluctuations last week, with the Shanghai Composite Index showing strength early in the week but facing adjustments after reaching a new rebound high. The Shenzhen Component Index followed a similar pattern but did not achieve a new high, indicating a need for technical correction [1] Group 2 - Last week, the average daily trading volume in both markets approached 23,000 billion, reflecting an increase compared to the previous week. Market hotspots were primarily concentrated in the new energy and upstream resource sectors, with small and mid-cap stocks outperforming large blue-chip stocks [1] - The Shanghai Composite Index's upward movement encountered resistance, suggesting a technical adjustment is necessary. The index's high point reached last Thursday marked the completion of its previous consolidation phase, indicating potential technical resistance ahead [1]