[expected to gradually reverse the hot discussion about the investment direction of A-shares in the second half of the year] on June 16, with the "boots" delayed by the Federal Reserve in raising interest rates and the continuous improvement of the superimposed liquidity environment, fund managers also began to look for investment opportunities for A-shares in the second half of the year. Many institutional personages said that the current market expectations of the economic recovery are quite different, and the previous adjustment is "somewhat overly pessimistic." In the second half of the year, driven by further improvement in liquidity and policies, economic stabilization and stock market rebound are expected to be carried out at the same time, investment strategies "can be more positive", benefiting from the pro-cyclical direction of economic recovery is worthy of attention. Hongde fund analysis said that the Fed's "suspension" of raising interest rates in June is in line with market expectations, the Fed is expected to raise interest rates is coming to an end, the most significant disturbance to A-shares has passed, and the main driver of the A-share market in the future may lie in the boost of domestic policies. After the recent adjustment, the performance-price ratio of A shares has been further highlighted, and investors can be more optimistic about the market in the second half of the year. (Shanghai Securities News)