CITIC Securities pointed out that we will still experience a transition period of 3 to 4 months before the key entry point of the index bull market that may come from the end of the third quarter to the fourth quarter. From the perspective of coping strategies, resisting macro disturbances relies on high-prosperity industry trends such as AI. Recently, North America has seen new positive changes in AI applications, and the Chinese market will soon follow suit; cross-market balanced allocation is another coping strategy. The liquidity of Hong Kong stocks is still improving, and if there are fluctuations in overseas markets, it will be a good opportunity to increase positions.