Soochow Securities has released a research report stating that, from the perspectives of growth and value styles, the current market is at a crucial stage of style switching. Currently, the anchor of the market style, US bond yields, is building a top and falling back, and growth style is expected to dominate. A new upswing under the leadership of growth style, especially technology. From the perspective of market cap style, with the continuous rise of premium of large-cap style and the increasing uncertainty of small-cap style under strict policy, the focus of future market trades is expected to shift from the two ends of the barbell to the middle, and the allocation value of middle-cap stocks will increase. It is recommended to focus on: advantageous manufacturing industry, bottleneck segments, cutting-edge emerging industries and future industries, digital economy.