"If the growth of foreign exchange deposits in February continues to slow down and new loans are difficult to rebound, the RRR may still be cut in March." Hong Hao, a researcher at the Institute of Securities and Futures Research of Central University of Finance and Economics, analyzed that after the deposit reserve rate enters the downward cycle, the stock index is expected to enter a slow bull market. In addition, the management has increased the intensity of stock market reform, and senior officials have also successively expressed that the Chinese economy will not hard land. The medium and long-term market is expected to be optimistic, and the starting point of the bull market will start from 2132 points. Hong Hao said that after comprehensively judging external economic, investment, real estate and other factors, monetary policy will continue the pre-adjustment and fine-tuning approach under the prudent orientation. However, the short-term market is at a relatively high level. Under the pressure of continuous profit-taking, only by adjusting out a certain space can there be a trend of re-attack. The short-term market's downward exploration space is also relatively limited. It is expected that the consolidation and adjustment trend will continue. However, Peng Wensheng, chief economist of China International Capital Corporation, is not optimistic about the strength of the stock market rebound. Peng Wensheng believes that looking at the development of the capital market from the domestic situation, it is not pessimistic in the short term and not too optimistic in the long term, which leads to limited market rebound strength. In the short cycle, there is a certain total relaxation of policies, but in the long cycle, the trend of China's economic growth is slowing down.