长城基金杨建华解析9月投资机会，重点关注三大方向

Group 1 - The A-share market has experienced adjustments in September, reflecting a digestion of previous gains, while overall market sentiment remains positive [1] - Domestic "anti-involution" policies are gaining traction, leading to a recovery in resident risk appetite and a shift in capital allocation from deposit markets to capital markets [1] - The expectation of interest rate cuts by the Federal Reserve is increasing, suggesting a continuation of global liquidity easing [1] Group 2 - Investment opportunities to focus on include technology stocks with high earnings visibility and acceptable valuations in the overseas computing power sector, such as optical modules, PCBs, and liquid cooling [1] - Resource stocks, including gold, copper, and aluminum, present investment opportunities due to the anticipated weakening of the dollar following the Fed's rate cut expectations [1] - Dividend stocks and innovative pharmaceuticals that have been stagnant since August are also seen as having potential opportunities after recent adjustments [1]