The current macro environment has moved out of the most difficult phase, and market confidence is gradually recovering. Once the market adjustment is over, the trend is expected to shift from the rebound phase to a reversal.

If there is no interest rate cut in May, the probability of a rate cut in June will significantly increase. At that time, combined with tariff negotiations and the advancement of other policies, the market may rebound quickly. Therefore, the entire month of May will be a good opportunity for low-position layout.