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Core Viewpoint - The market is experiencing significant sector differentiation, with technology stocks rising over 40% while food and beverage stocks, such as liquor, have declined. This highlights the rapid shifts in market sentiment and the challenges of sector-based investing [4][6]. Group 1: Sector Performance - Technology stocks have surged by over 40% this year, contrasting sharply with the decline in the food and beverage sector, particularly liquor [4]. - The concept of "sector investment" is based on identifying and investing in companies aligned with major trends like artificial intelligence and renewable energy [4][6]. Group 2: Investment Challenges - The volatility of thematic investments is high, with narrow focus leading to increased risk. When a trend emerges, stocks can rise quickly, but they can also fall sharply when the trend reverses [5][6]. - A common issue is the "sector rotation" phenomenon in the A-share market, where today's hot sectors may cool off tomorrow, making it difficult for investors to time their entries and exits effectively [6][7]. - Many investors tend to follow trends after they have already gained momentum, often resulting in buying at inflated valuations and facing losses when the trend reverses [6][7]. Group 3: Investment Strategy - Investors are advised to focus on the intrinsic value of companies rather than being swayed by market labels like "old" or "new" sectors, as these do not reflect true asset value [8][9]. - It is suggested that investors should not attempt to chase every market trend, as this can lead to losses. Instead, a long-term perspective focusing on companies with sustainable growth is recommended [10]. - For those interested in thematic investing, it is crucial to approach it with caution, avoiding overexposure and ensuring a clear understanding of the industry before investing [11][12].