Huatai Securities' A-share strategy reveals that the market exhibited a pattern of volatility and divergence last week. The technology sector underwent a correction, prompting capital to shift towards sectors trading at lower valuations, thereby reducing trading concentration. In the latter half of the week, certain traditionally underperforming sectors witnessed a rebound. According to Huatai Securities' analysis, short-term expectations of liquidity shifts, including the anticipated interest rate hike by the Federal Reserve and capital reallocation due to major IPOs, have spurred a style rebalancing. Presently, the trading congestion within the technology sector still requires resolution, while expectations surrounding the opening of the Strait of Hormuz may present recovery prospects for traditional industries. Nevertheless, the industrial rationale and performance disparities remain unchanged. As the interim report trading period commences, the market is likely to refocus on the technology sector. Furthermore, following SpaceX's listing last Friday, U.S. technology stocks demonstrated steady performance. Major IPOs in both China and the U.S. typically induce short-term market disruptions but do not fundamentally alter mid-term industry trends. Hence, it is advisable to maintain a balanced allocation in the short term and consider building positions once the pressure from overcrowding in the technology sector subsides.