东吴证券：市场情绪有望提振 关注顺周期等方向的配置机遇

Group 1 - The core viewpoint indicates that short-term expectations for policy easing are rising, which is likely to boost market sentiment and create opportunities for cyclical investments [1][2] - Historically, prior to economic cycle turning points, investor focus on policy increases, leading to market trading around policy expectations towards the end of the year [1] - Current comparisons to the years 2012, 2014, and 2022 suggest that as macroeconomic factors stabilize towards the end of the year, market style may shift towards large-cap cyclical stocks [1]