A recent research report by CSIC Securities highlights that global risk aversion sentiments eased last week, fostering an increase in risk appetite. Ample liquidity and the de-escalation of the tariff war bolstered investor sentiment in the A-share market, leading to a rebound. The consumption momentum observed during China's May Day holiday further strengthened, fueling continuous improvement in domestic demand. Additionally, advancements in the AI sector are accelerating, marked by continuous breakthroughs in multi-modal iteration and scenario-based applications of large models. The first-quarter financial reports of A-share listed companies have been fully disclosed, revealing improved profits but varied growth rates across industries. It is advisable to concentrate on sectors that maintain robust growth momentum. As we look ahead to May, market volatility is anticipated to persist; however, short-term risk appetite is expected to continue improving, potentially catalyzing a gradual shift in market preference towards growth stocks.