Group 1: Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Group 2: Report's Core View - The short - term view of the stock index futures is that they will maintain a range - bound trend, with the intraday view being oscillating strongly and the medium - term view being upward. The core logic is that policy - side favorable expectations provide strong support, and although there are external uncertainties and weak domestic demand, the domestic macro has strong resilience and the bottom - support for the stock index is strong [1][5]. Group 3: Summary by Related Catalogs 1. Variety View Reference - Financial Futures Stock Index Sector - For the IH2506 variety, the short - term view is oscillating, the medium - term view is upward, the intraday view is oscillating strongly, and the overall view is range - bound. The core logic is that policy - side favorable expectations form strong support [1]. 2. Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, and IM. The intraday view is oscillating strongly, the medium - term view is upward, and the reference view is range - bound. Yesterday, each stock index rebounded slightly in an oscillating manner. The total stock market trading volume was 1163.8 billion yuan, an increase of 400 million yuan from the previous day. The tariff policy of Trump has changed, but under the "TACO" expected logic, the market sentiment is not panicked. The domestic macro shows strong resilience, and the manufacturing PMI in May rebounded month - on - month, so the bottom - support for the stock index is strong. The upward and downward spaces of the current stock index are both limited. The policy side has a strong supporting effect on stabilizing the stock market, while external uncertainties and weak domestic demand inhibit the upward momentum of the stock index from the aspects of risk preference and profit expectation respectively. It is expected that the stock index will maintain a range - bound trend in the short term [5].