指数上涨遇阻！市场风向变了，还有哪些投资机会？

Group 1 - The external situation has eased, reinforcing the internal certainty logic, with the Chinese stock market expected to have upward potential before the end of July due to a significant reduction in the risk-free interest rate and a shift in the RMB's depreciation expectations towards stability or slight appreciation [1] - The timely and reasonable macro policies focusing on investor returns and capital market reforms are crucial for changing investors' conservative attitudes towards risks [1] - Future investment should focus more on structural performance rather than short-term index movements [1] Group 2 - Pig prices continue to outperform expectations, and the cost improvements for pig farming companies may lead to better-than-expected profitability, with a focus on the pig farming sector [3] - The "anti-involution" policy is expected to benefit the pig price performance in the second half of 2025, with a seasonal price fluctuation anticipated in the latter half of the year [3] - The recent Central Financial Committee meeting has deepened the "anti-involution" work deployment, impacting various industries including construction materials, which may lead to better industry capacity planning and product pricing adjustments [3] Group 3 - Mini LED backlighting and direct display technologies are expected to see higher growth rates and profitability compared to traditional LED markets, with industry benefits likely concentrating among a few leading manufacturers [5] - The increase in non-hydropower renewable energy consumption responsibility weights is projected to support approximately 460 billion kWh of green electricity consumption this year [5] - High-energy-consuming industries such as steel and cement are now included in the green electricity consumption assessment, which may further support green electricity consumption and market development [5] Group 4 - The short-term market trend is strong, with significant new capital entering the market, although the overall profit-making effect remains weak [7] - The Shanghai Composite Index has fallen below the 5-day moving average but remains above the 10-day moving average, indicating a potential short-term adjustment phase [9] - The focus for the second half of the year should be on the establishment of the Class B directory and addressing structural contradictions in various industries [9]