A recent research report from CITIC Securities highlights that the risk appetite among funds in the A-share market is presently subdued, leading to frequent market rotations. Investors are encouraged to adopt a balanced asset allocation strategy, aligning with market conditions and focusing on the broader market shifts within domestic cycle and emerging technology themes. The enduring economic ramifications of U.S. tariffs remain uncertain, yet domestic measures aimed at sustaining the real estate and stock markets continue to be rolled out, underpinning market sentiment. Following a surge in enthusiasm, the technology sector is now gradually transitioning into a consolidation phase. Given liquidity dynamics and market trends, it is likely that sectors at the lower end of the performance spectrum will continue to experience rotations. Regarding catalytic factors, close monitoring should be placed on domestic policies aimed at stabilizing the real estate market and fostering consumption, along with the progress of Sino-U.S. tariff negotiations. By integrating market conditions, catalytic developments, and quantitative indicators, we recommend emphasizing themes such as the domestic cycle megasector, consumer electronics, commercial aerospace, and the deep-sea economy.