If all goes as expected, the Big A account should outperform 90% of retail investors for several consecutive months. The market's core focus is still on tech, and there's no sign of it slowing down yet. In the coming months, the biggest domestic IPO highlights will be ChangXin (summer) and ChangJiang (Q4), followed by Unitree (Q3), HyperFusion (Q3), and Landspace Aerospace (Q4), among others. In the U.S., there’s SpaceX in mid-June, OpenAI (Q4), and Anthropic (Q4). Most of these are large tech-related companies going public. This year, U.S. IPOs are likely to set a historical record, far surpassing the liquidity-driven frenzy of 2021. The capital siphoning effect before and after these companies go public, as well as the selling pressure during the 180-day lock-up expiration, are predictable time points to watch—especially the 180-day lock-up expiration. While the feast is worth participating in, the negative impacts it brings should also be noted. Mid-June could see Japan potentially raising interest rates, the U.S. possibly reducing its balance sheet, and SpaceX’s IPO—all three events brewing and wrapping up. After that, the market might enter a phase with no major bearish factors. These are the key events to focus on for the next two months that we can clearly foresee.