雅下水电题材分流资金！低吸主流赛道的机会出现了？——道达投资手记

Market Overview - The A-share market saw all three major indices strengthen, with the Shanghai Composite Index and the ChiNext Index reaching new highs for the year, closing with gains between 0.72% and 0.87% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.7 trillion yuan, an increase of 128.9 billion yuan compared to the previous Friday [1] - Over 4,000 stocks rose, with a median increase of 0.89% in stock price changes [1] Key Events and Trends - The Shanghai Composite Index broke through the upward trend line from June 30 to July 11 and surpassed the previous high of 3,555.22 points, indicating a continuation of the upward trend [1] - The focus for the remainder of July includes the Political Bureau meeting and the Federal Reserve's interest rate meeting at the end of the month [1] Sector Performance - The Yarlung Tsangpo River downstream hydropower project significantly boosted related stocks, leading to substantial gains in sectors such as building materials, civil explosives, engineering machinery, construction, and steel [1] - The Yarlung Tsangpo hydropower theme is expected to maintain its profitability for the next two to three trading days, although it is characterized by speculative trading [4] Investment Opportunities - Despite the diversion of funds to the Yarlung Tsangpo theme, sectors like solid-state batteries, innovative pharmaceuticals, and rare earths continue to show strong performance [5] - The solid-state battery sector recently broke out of a consolidation phase after two bullish candles in late June [6] - Core companies in the AI hardware sector, such as Industrial Fulian and Pengding Holdings, reported better-than-expected mid-year results, leading to normal short-term corrections or fluctuations [7] Future Outlook - The upcoming Political Bureau meeting is anticipated to affirm the overall stability of the economy while acknowledging ongoing internal and external pressures [9] - The policy direction is expected to remain expansionary, with new incremental policies likely to be introduced [10] - Key areas of focus will include regional cooperation, expanding domestic demand, promoting consumption, stabilizing the real estate and stock markets, and enhancing industry and reform initiatives [10]