良性调整不要慌！

Market Overview - The market experienced a volume contraction and a pullback due to the unresolved results of the China-US trade talks in Switzerland and cautious sentiment among investors [1][2] - The Shanghai Composite Index and the ChiNext Index both closed in the red, but the day's low did not break the previous rally point from Wednesday [1] - The central bank injected a net 77 billion into the market, a decrease of 81.6 billion from the previous day, with a total net withdrawal of 781.7 billion in May [1] Key Economic Measures - The central bank announced a series of monetary policy measures on May 7, including a 0.5% reserve requirement ratio cut, releasing 1 trillion long-term liquidity [2][3] - Additional measures included targeted reserve requirement cuts for auto finance and financial leasing, as well as reductions in policy interest rates [3] Sector Performance - The market showed a mixed performance with cyclical sectors like electricity and banking, as well as consumer sectors such as beauty care, textiles, and food and beverage, being the main defensive themes [1][5] - The energy sector, particularly electricity, remained resilient due to seasonal consumption increases and advancements in nuclear fusion technology [6][7] Nuclear Power Sector Insights - The nuclear power sector has shown strong performance driven by several policy and market developments, including the expansion of nuclear power bases and new project approvals [8] - Key statistics from Q1 indicate that thermal power profits increased by 8%, while hydropower profits grew by 28.11% [7][8] Future Market Outlook - The market is expected to see a recovery in mid-May, supported by significant policy changes and liquidity measures, although there may be challenges due to insufficient volume [4] - The focus will be on sectors driven by artificial intelligence and cyclical themes, particularly those aligned with recent government initiatives [4][5]