Yi Lihua: This rally is nearing its end; we will now prepare for the next bottom-fishing opportunity and focus our investment research efforts on AI stocks.

JackYi stated that although most of his calls during the previous cycle were correct, a single misstep led to a significant drawdown in profits—though the losses were primarily attributable to a reversal of prior gains. He believes the current rally is nearing its end and has repeatedly emphasized viewing it as a rally—not a reversal—and adopting a strategy of taking profits on rallies. JackYi noted potential upcoming headwinds, including a normal pullback in U.S. equities from elevated levels, oil prices impacting inflation and disrupting rate-cut expectations, and a notable rebound in U.S. Treasury yields. He added that once the rally concludes, he will fully prepare for the next round of bottom-fishing, dedicating over half of his time and energy to researching and investing in AI-related stocks.