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Markets have their own rhythm. Currently, the overall framework of the bull market remains intact, but December 2025 as a turning point is indeed worth paying attention to. After these two days, entering the first three months of 2026—January, February, March—the probability of an upward trend is quite high from both cyclical and policy perspectives. Why do we make this judgment? One reason is that cyclical trends are inherently difficult to reverse, and another is that an important meeting is scheduled for March, which will likely continue to fuel positive expectations on the policy front. Of course, to be honest, investing never comes with a 100% guarantee. Even capital players need to make adjustments based on real-time market dynamics. Our retail strategy is simpler—focus on the big picture, don’t get caught up in small fluctuations, and keep an eye on long-term trends.