Huaxi Securities' analysis reveals that the foundational logic driving the current market trend remains intact, garnering significant attention. Currently, three pivotal logics stand firm: Firstly, the policy commitment to stabilizing the capital market remains steadfast. Secondly, substantial technological advancements underpin the longevity of the primary market trend. Lastly, the anti-involution narrative retains potential for growth, fueled by heightened market expectations and the recovery of corporate profits. Notably, the logic of market stabilization continues to benefit from policy backing, which aligns with the net inflow of equity ETF funds. The technological logic remains unambiguous; despite today's market downturn, AI-related stocks maintained robust performance, with the communications industry emerging as the sole riser among the 31 SW first-tier industries, recording a surge of up to 1.66%. Concurrently, the anti-involution logic remains unchallenged at the policy level, offering ample room for speculation.