Let's talk about the recent market changes over the past few days.

The market has experienced quite a few fluctuations lately. A few days ago, the rally was quite strong, but in the past two days, there has been significant pressure—commercial aerospace sector plunging, frequent limit-downs, and a noticeable correction in AI concepts. At first glance, it looks quite alarming, but upon closer reflection, this is actually the market doing something very important: cooling down the overheated hotspots from earlier speculation.

Why is this a good thing? If such frenzy continues to spread, it will likely repeat old patterns—an all-out surge followed by a collapse when investors can't bear the pressure, leading to a collective plunge. At that point, all market participants will suffer. Instead of waiting for that moment, it’s better to proactively cool things down now at the early signs. This kind of proactive suppression is much gentler than a passive crash.

However, cooling down ≠ market end; this needs to be understood clearly. Looking at the performance of the main index, it remains quite strong. Only when the index also drops sharply does it indicate a clear negative shock. Before that, it still makes sense to remain optimistic about the upward trend. Just don’t expect the kind of explosive gains seen before—occasional large bullish days are normal, but they won’t happen continuously. The more likely pattern is: after a big rally, sideways consolidation or a slow upward move.

Tomorrow’s key focus should be whether the stocks that surged today can continue their momentum. From the observations, advanced packaging performed the strongest today, and concepts like storage chips, lithography machines, and PCBs also stood out. This indicates the market is searching for new directions, with funds rebalancing. Judging by the strength, this looks more like institutional money’s choice—more rational and less crazy. The crucial point tomorrow is whether retail investors and other funds follow suit and recognize this, forming a joint effort to push the market higher.

Of course, funds might also reverse course and flow back into AI applications again. Both scenarios are possible. Even those sectors that haven't been heavily speculated on yet could rebound as well. After all, funds that were knocked down from high levels need a new place to go, and new directions often become the next absorption points. As long as trading volume stays around 3 trillion, the market’s activity level and risk management capacity remain intact, so there’s no need to worry too much.