Let’s talk about the two recent drops in the A-shares market. The one in July was driven by smart money cashing out after a high sentiment peak, which triggered margin calls and retail sell-offs—similar to what happened in the U.S. stock market. This time, the A-shares drop leans more towards institutional liquidity squeezes, caused by various factors, some of which are also reasons behind the U.S. market decline (ask AI). But when the market confirms the official start of a bear market, a rebound is often not far off. To play it safe, wait until the midterm elections begin to reassess the market’s condition—catching a rebound then shouldn’t be an issue.