3600点关键时刻！最新研判

Group 1 - The A-share market has recently shown a reasonable valuation level, but it is still slightly undervalued in the long term, leading to a cautiously optimistic outlook for future performance [2][18] - Fund managers suggest increasing equity asset allocation as a clear strategy for this year, focusing on themes such as "anti-involution," domestic demand recovery, and new productivity [2][12] - The current market environment is characterized by a low interest rate, making equity assets more attractive compared to bonds, with equity risk premiums remaining favorable [12][17] Group 2 - The market is expected to continue a trend of oscillating upward, supported by policies aimed at counter-cyclical measures and "anti-involution" [6][22] - Key investment themes include high-dividend stocks, strong consumer and pharmaceutical leaders, and sectors benefiting from the "anti-involution" policy [10][30] - The focus on sectors like AI, new consumption, and innovative pharmaceuticals indicates a shift towards industries that align with national strategic goals and technological advancements [29][34] Group 3 - Fund managers emphasize the importance of asset allocation based on individual risk tolerance, suggesting a shift from fixed-income assets to equity assets as market conditions improve [36][37] - For conservative investors, options include "fixed income plus" products, while balanced investors may consider high-dividend low-volatility assets [36][37] - The overall sentiment is that the market is entering a phase where risk appetite is increasing, and investors should be mindful of macroeconomic indicators and policy developments [21][36]