沪指破十年新高，牛市如何布局？陈果：反内卷催生能源金属“戴维斯双击”机遇

Group 1 - The Shanghai Composite Index has strongly broken through a 10-year high, igniting market enthusiasm [1] - The "anti-involution" policy is reshaping the industrial landscape and creating investment opportunities, particularly in the new energy sector [1] - In the new energy sector, there is significant differentiation among sub-industries, with some facing severe overcapacity and requiring long-term recovery or strong policy intervention [1] Group 2 - The energy metals industry is highlighted as a key area of focus, possessing substantial valuation elasticity potential as a critical raw material in the new energy supply chain [1] - The anti-involution policy is expected to positively impact the future prices of energy metals, potentially stabilizing supply-demand relationships and enhancing industry valuation [1] - Two core beneficiary types of companies are anticipated under the anti-involution policy: - Cycle dividend companies that maintain stable profits and high dividends without significant capital expenditure [2] - Cycle growth companies that benefit from supply control while experiencing sustained demand growth related to emerging industries or globalization [2]