盘前机构策略：A股市场或逐步转入震荡盘整格局

Group 1 - The A-share market experienced a decline on Thursday, with sectors such as consumption, photovoltaic equipment, banking, and securities performing well, while aerospace, communication equipment, semiconductors, and electronic chemicals lagged behind [1][2] - The current A-share market is benefiting from favorable internal and external policies, with abundant liquidity and significant improvement in market funding, as evidenced by trading volumes exceeding 2 trillion yuan for several consecutive days [1] - Global capital is flowing into the A-share market, with a notable shift of household savings towards capital markets, creating a continuous source of incremental funds [1] Group 2 - The market is currently facing a mixed performance, with increased risk aversion among investors leading to notable adjustments in high-priced stocks, while defensive sectors like retail and food are showing resilience [2] - Looking ahead, the market may be transitioning into a phase of consolidation after a period of rapid adjustments, with a recommendation to remain patient and wait for signs of stabilization before re-entering [2] - Key variables to monitor for future market performance include improvements in macroeconomic data, changes in overseas market conditions, particularly regarding the Federal Reserve's monetary policy, and the direction of institutional reallocations following the semi-annual report disclosures [1][2]