Xin Lang Cai Jing·2025-08-24 23:40Core Viewpoint - Huatai Securities reports that the A-share market reached new highs last week, with abundant liquidity being the main foundation for the market trend. The consensus is gradually strengthening that the market is entering an upward trend, despite potential short-term adjustments not being too deep [1] Group 1: Market Conditions - The significance and probability of determining the market peak in the short term are considered low [1] - The three key pillars for the market's upward trend are improvements in domestic fundamentals, domestic liquidity, and overseas liquidity, all of which are currently showing positive changes [1] Group 2: Investment Strategy - The recommendation is to maintain positions, select stocks based on trends, and moderately switch between high and low sectors [1] - Strategic focus areas for investment include AI chain, innovative pharmaceuticals, military industry, and large financial sectors, with an emphasis on internal high-low adjustments [1]