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Third, don't think how many retail investors will be suffocated, because many retail investors are afraid to buy because they will take the initiative to fall back at the opening. On the contrary, many chips in the venue will come out first, and a group of unstable ones will be washed out, and then a group of people looking for opportunities can enter the venue in batches.5. Finally, let me tell you a few more points:

4. Everyone maintains the expectation of slow cattle. Although the increase is not as high as the periphery, the expected management of the A-share market has been done fairly well, and the market that oscillates and rises later can be maintained.Now the policy encourages to stabilize the stock market, which is equivalent to giving the stock market the bottom, not falling anywhere, and actively doing more after the callback, and the final trend is still upward.Third, don't think how many retail investors will be suffocated, because many retail investors are afraid to buy because they will take the initiative to fall back at the opening. On the contrary, many chips in the venue will come out first, and a group of unstable ones will be washed out, and then a group of people looking for opportunities can enter the venue in batches.

However, it has little impact on us, because what we do is a steady pace. Since we have no choice but to go up, we will continue to operate according to the rhythm of slow cattle.First, the idea of keeping watching more and doing more will not change. This favorable policy is an expectation of loose liquidity in 2025, so it will not completely increase the increase in 2025 at once. Now it is a slow cow, and I am firmly optimistic about the upward trend.2. However, compared with the performance of the external market yesterday, the trend of the A-share market after the opening is indeed less than expected, which shows that some domestic institutional funds really have no pattern.