HTSC's research report shows that the cycle fitting curve of the SSE Composite Index's YoY sequence is still in an upward channel, and the domestic leading indicators continue to rise MoM, with A-shares having fundamental support. The calculation results of the public fund's positions show that the positions of pro-cyclical sectors and consumer sectors have increased recently. The position of the coal industry rose rapidly last week, while the positions of industries such as electronics and computers in the TMT sector declined. According to the modeling results as of June 22, 2024, the AI-themed index rotation model is bullish mainly on the CSI Dividend Index and the SSE Financials Index. The AI concept index rotation model is mainly bullish on the Bank Selection and Wind Low-Price Stock concepts. Currently, the AI index rotation model prefers undervalued value stocks, with relatively high scores for themes such as the CSI Dividend Index and Bank Selection.