Core Viewpoint - The report from CITIC Securities highlights that the rising expectations of a Federal Reserve interest rate cut in August, significant upcoming events in early September, structural prosperity in mid-year reports, and recent advancements in the domestic AI industry have collectively boosted market sentiment, leading to substantial inflows of incremental capital represented by financing funds [1] Group 1 - The market sentiment has surged, particularly as the emotional index has entered an exuberant state, prompting previously sidelined funds to re-enter the market [1] - In a bull market, the emotional index often exceeds 90, indicating a state of euphoria, and historical trends suggest two potential outcomes: either a rapid peak followed by a reversal or a consolidation phase around the 90 mark to build momentum for the next upward movement [1] - Currently, the emotional index is stabilizing in the range of 95-96, indicating that both potential outcomes are possible, necessitating further observation of the market in early September to clarify the next directional phase [1]