秦洪看盘｜浮现新交易逻辑，动量资金积极调仓

Group 1 - The A-share market is experiencing a divergence, with banking stocks retreating after an initial rise, while computing and metal stocks are gaining momentum, indicating active repositioning by momentum funds and creating new structural opportunities [1] - Global liquidity is expected to remain loose for an extended period, driven by improved trade conditions and cooling inflation expectations, which opens the door for potential interest rate cuts by the Federal Reserve [2] - The expectation of interest rate cuts by the Federal Reserve is leading to a weaker US dollar, which is boosting global risk appetite and pushing up prices of equity assets and commodities, including international copper prices [2][3] Group 2 - The current environment in the A-share market has shifted, with global liquidity easing, positively impacting commodity prices and equity assets, as seen in the rise of resource stocks and computing stocks [3] - The anticipated interest rate cuts by the Federal Reserve are expected to lower funding costs for technological innovation, driving investment in sectors like innovative pharmaceuticals and computing [3] - The A-share market is characterized by a battle of existing funds, with a decrease in trading volume indicating a lack of new capital influx, necessitating funds from high-performing stocks to support the recovery of low-performing stocks [4]