According to Huatai Securities' research report, the extension of the short-term tariff exemption period and anticipated interest rate cuts by the Federal Reserve are poised to stimulate risk appetite. Despite a slight deceleration in the non-financial profit growth rate across all A-shares, as revealed in the semi-annual report, both macro and meso data suggest a resurgence in economic sentiment. Consequently, the medium-term market trajectory may gradually pivot towards fundamental drivers. Currently, the valuation disparity among A-shares is widening, with the TMT sector accounting for over 40% of the turnover ratio. The sectoral adjustment observed in the latter half of the week underscores the need for funds to redistribute between high- and low-performing areas following a swift short-term surge. Historically, turnover ratios tend to escalate during robust industrial trends. Given the abundance of industrial catalysts in September, the technology sector is anticipated to sustain its strong performance. In terms of allocation strategy, it is advisable to rotate within high-performing sectors, such as the AI chain, pharmaceuticals, anti-involution, and military industry, while deploying on the left side of sectors benefiting from RMB appreciation, including consumption, non-bank finance, and electric power and new energy, which exhibit relatively low valuations and strategic positioning.