机构论后市丨A股有望重回震荡上行；板块轮动或将持续

Group 1 - The A-share market is expected to show stronger resilience, reflecting a "self-centered" approach, with positive signals from the easing of Sino-US trade tensions [1] - The recent joint statement from the Sino-US Geneva economic and trade talks has alleviated potential pressures on domestic economic growth, leading to an upward revision of corporate profit expectations [1] - Investment recommendations include focusing on defensive dividend sectors, technology narratives, and consumer sectors supported by policy initiatives [1] Group 2 - After the release of short-term profit-taking pressure, the A-share market is anticipated to return to a trend of oscillation and upward movement [2] - The introduction of floating rate funds marks the practical phase of fee reform, with a recovery in real financing demand expected to be reflected in upcoming social financing data [2] - The issuance of special government bonds and the increase in central bank support for financial companies indicate that market downside risks are manageable [2] Group 3 - The index is expected to continue oscillating, with sector rotation likely to persist due to easing trade tensions and domestic demand expansion policies [3] - Short-term focus areas include export chains, self-sufficiency sectors, and consumer sectors benefiting from domestic demand expansion, particularly in services [3] - High dividend sectors are projected to maintain investment value, with attention on banking, coal, public utilities, and transportation following recent monetary easing [3]