Huaxi Securities: The market's significant increase in trading volume is a sign of strong investor sentiment.

Huaxi Securities pointed out that the market's large volume surge is a reflection of the strong sentiment of funds. At the same time, the implied volatility has sharply increased, which is also a signal of rapidly rising speculative activity. Looking ahead, if the market and implied volatility continue to rise rapidly, the market may adjust in the short term to return to rationality; if the market continues the trend of a "slow bull", and the implied volatility does not change significantly or decreases significantly, the timing of market volatility may be delayed compared to the previous situation. However, short-term market trends are related to fund trading behavior, and the three medium to long-term logics of a bull market remain relatively solid. This means that if the medium to long-term logics remain unchanged, corrections are still opportunities, and bullish thinking is worth maintaining.