Group 1 - The core viewpoint emphasizes a recommendation to reduce positions in the market, particularly in the main board and small-cap sectors, due to signs of a potential market reversal and weakening economic fundamentals [1][5]. - The recent market rebound is noted, with the CSI 300 index increasing by 1.12% and the Shanghai Composite Index by 0.76%, but the overall trend is seen as reversing after a series of gains [2][4]. - Economic indicators show a weakening trend in the domestic economy, with M1 growth significantly below market expectations, reinforcing the view that the economic performance in April was impacted by tariff shocks [3][4]. Group 2 - The technical analysis indicates that the recent market movements are driven by speculative trading rather than institutional or public fund adjustments, with a significant withdrawal of speculative funds observed [4][5]. - The current market conditions are compared to those of May 2012, suggesting a high similarity in technical characteristics, which raises concerns about potential market corrections [4][5]. - The recommendation for the main board is to maintain a low position to avoid risks, while the small-cap sector is also advised to keep a low position due to the relative weakness observed [5]. Group 3 - The analysis highlights the impact of recent U.S. economic news, including the rejection of a tax cut proposal and the downgrade of the U.S. credit rating by Moody's, which are expected to have negative implications for the U.S. economy and, consequently, for global markets [3][4]. - The focus on the automotive industry is suggested as a short-term momentum model to watch, indicating potential opportunities despite the overall cautious stance [5].