和讯投顾徐梦婧：重新分配筹码资金

Market Overview - The Shanghai Composite Index has fallen below the 5-day moving average, indicating a potential pause in the protective sentiment from the banking sector [1] - Over 4,000 stocks experienced a decline today, with a significant increase in trading volume of 150 billion, primarily driven by panic selling during the downturn [1] - The market's risk-averse sentiment is evident, as bond prices have risen relative to stock prices, influenced by economic data and upcoming U.S. CPI data [1] Sector Performance - The adjustment in the market is seen as a process of redistributing shares, with a shift in sentiment from heavyweight sectors to thematic sectors, such as the communication equipment sector today [1] - The banking sector initially led a slight rally in the morning, but the market subsequently retreated, indicating a lack of confidence in the banking sector's ability to support the market [1] Future Outlook - There are signs of potential fund inflows towards thematic stocks, as indicated by a slight recovery in the last half hour of trading [2] - The upcoming U.S. CPI data is expected to significantly influence market sentiment for the next trading day, with a possibility of emotional recovery following today's widespread declines [2] - Historical patterns suggest that after a significant number of stocks decline, there is often a subsequent emotional rebound, even in bearish market conditions [2]