[strong policy confidence, warm market A-share positive factors are gathering]-after the early decline, A-share market sentiment picked up significantly last week. The agency believes that the revision of economic expectations and policy confidence is the main driving force for the recent market stabilization and rebound. Looking forward to the future, the central bank's "interest rate cut" makes it clear that it will increase its efforts to "stabilize growth", the follow-up package of policies is expected to be introduced, and market pricing will gradually switch from "weak reality" of economic data to "strong expectations" of policies. The current A-share valuation is near the historical median, and the market allocation price is relatively high. the landing of the incremental policy is expected to promote the continuous rebound of market risk appetite and drive A-share shock upward.