短期调整有利于市场风险释放 A股长期上行趋势并未改变

Group 1 - A-share market experienced wide fluctuations at high levels, with a notable adjustment in the computing power sector leading to a general decline in industry indices, except for the banking index which rose [1] - Historical analysis indicates that A-share markets often see a 6% to 10% pullback after rallies exceeding 30%, suggesting that the recent adjustments are part of a normal risk release process [1] - The recent market pulse adjustment is significant for future trends, as it helps to digest existing issues such as reduced market value and increased trading congestion in technology growth sectors [1][2] Group 2 - Institutions agree that the driving forces behind the current market rally remain unchanged, with no signs of overheating in market sentiment as the margin financing scale is at historical averages [2] - The overall valuation levels in the market are low, with many blue-chip stocks priced at lower levels, indicating potential for upward movement [2] - The market is entering a consolidation phase, with recommendations to focus on relatively "lagging" sectors such as cyclical, consumer, and dividend stocks, while maintaining a long-term focus on technology growth sectors [2] Group 3 - Short-term market style is expected to shift from technology growth stocks to cyclical sectors, with increased interest in low-priced related stocks as high-priced sectors adjust [2][3] - Specific cyclical sectors identified with potential for upward movement include renewable energy, chemicals, non-ferrous metals, and building materials [3]