Core Viewpoint - The current stock market rally began on September 24, 2024, driven by a long adjustment period and extremely low market sentiment [1] Group 1: Market Conditions - The rally is supported by a combination of monetary, real estate, and capital market policies aimed at combating deflation and boosting domestic demand through proactive fiscal policies and moderately loose monetary policies [1] - The current A-share fundamentals are showing signs of improvement, although this improvement is still sporadic [1] Group 2: Sector Performance - The technology sector is performing strongly, while some cyclical and traditional consumer industries are showing weaker performance [1] - Future macroeconomic policies are expected to further enhance the current sporadic improvements in fundamentals across other industries [1]