Core Viewpoint - Geopolitical conflicts have shifted market focus towards supply security and strategic resources, changing the driving logic from risk aversion to concerns about re-inflation [1] Group 1: Market Impact - Rising oil prices have strengthened inflation expectations, suppressing the outlook for interest rate cuts and impacting most asset classes [1] - The continued upward trend in oil prices is expected to influence market risk appetite, leading to a predominantly volatile A-share market with significant structural differentiation [1] Group 2: Sector Performance - Resource sectors are likely to benefit from the current market dynamics, as the PPI is expected to rebound and turn positive [1] - Investor positioning may further balance towards value-oriented and inflation-sensitive sectors in response to the changing economic indicators [1]