Group 1 - The core viewpoint is that the Shanghai and Shenzhen stock markets have entered a consolidation phase after briefly breaking through the 3400-point mark, with the Shanghai Composite Index reaching a new high for the year [1] - The market is primarily driven by existing funds, with no significant evidence of new capital entering the market in the short term, leading to a potential lack of sustained volume growth [1] - Technical analysis indicates that without a significant increase in trading volume, the market is likely to continue experiencing narrow fluctuations [1] Group 2 - The market is expected to remain in a narrow trading range, with upcoming macroeconomic data releases, including CPI, PPI, and Q2 GDP growth, likely to attract investor attention [2] - Investors are advised to focus on the macroeconomic data and its implications for the economic fundamentals, especially as the half-year reporting period for listed companies approaches [2] Group 3 - The current market dynamics show a rotation among traditional sectors such as steel, cement, coal, and glass, which have recently gained strength, while previously high-performing sectors like telecommunications and semiconductors have seen declines [1]