According to Jinshi.com, Zhang Chi's team at Guojin Strategy pointed out that this round of market conditions may be a "rebound" rather than a "reversal", and will last for about one quarter, which means it will gradually end after the "hard landing" in the United States is confirmed.

Policies such as interest rate cuts are aimed at improving residents' balance sheets and prompting a recovery in credit expectations, which extend to two important investment directions: the recovery in credit will drive a recovery in residents' consumption expectations; at the same time, it will drive the market's "willingness to spend" and guide changes in market expectations.

Combined with 500 billion swaps and 300 billion repurchases, the increase in incremental funds in the market will be a major boon to growth. Encouraging leverage will also push up the market's upward slope and accelerate the realization of valuation repairs.