According to Huatai Securities' analysis, market sentiment near key junctures intensified last week, with bulls and bears diverging sharply. The overall market trend is likely to persist in a range-bound pattern, characterized by a capped upside and a supported downside. Investors are advised to closely monitor the guidance from the Lujiazui Forum and the Federal Open Market Committee (FOMC) meeting scheduled for mid-June to gauge the market's next directional move. Regarding market style, while trading volumes in small-cap stocks have surged, nearing historical highs, this crowded market condition does not necessarily signal an imminent correction. However, the odds of participating profitably in the small-cap market are currently subdued. The absence of substantial volume expansion suggests that industry rotations may remain swift, and popular themes like innovative drugs and new consumption may have already been overinterpreted. Against this backdrop, investors should consider low-saturation technology segments that have seen a decline in trading volume share but possess industry-catalyzing factors. In terms of allocation strategy, it is prudent to adopt an odds-focused approach, prioritizing undervalued opportunities within technology sectors, particularly AI computing chips, memory chips, optical fibers and cables, and intelligent driving. In the medium term, core assets represented by A50, consumption, and finance remain favored.