A-shares resilience remains, core assets expected to rise again

Last week, the assets in the United States experienced a "stock-bond-dollar triple kill", and global markets saw an increase in risk aversion sentiment. The A-share market also showed a volatile adjustment trend. Small-cap growth stocks surged during the week, then fell back, with a significant decline. The ChiNext index fell 1.52% for the week. In terms of market analysis for this week, institutional views believe that the current tone of China's capital market policies is positive, with macroeconomic recovery and the A-share market showing short-term consolidation but resilience. However, in terms of style interpretation, some institutions have pointed out that there has been a noticeable increase in crowded trading in small-cap stocks in the A-share market recently, and attention should be paid to the impact of increased volatility due to crowded chip positions. Subsequently, small market value styles may face a period of adjustment.