泥沙俱下！股市到了关键时刻

Core Viewpoint - The recent market downturn is characterized by widespread declines, with over 4,800 stocks falling, indicating a significant impact across the board [2] Group 1: Market Analysis - The recent drop in the market is attributed to high profit-taking in the technology sector and ongoing uncertainties in trade negotiations, leading to a lack of investor confidence [2][4] - The Shanghai Composite Index has shown weakness around the 3,900-point level, with a lack of buying interest in high-positioned technology stocks, suggesting a potential downward trend [4][5] Group 2: Economic Factors - U.S. Treasury Secretary's controversial remarks and aggressive trade policies have heightened fears in global markets, particularly concerning rare earth policies that have prompted collective panic in Europe and Japan [4] - The upcoming key events, including domestic meetings and international summits, are expected to influence market direction, with potential trade negotiation outcomes being critical [4][5] Group 3: Investment Strategy - Investors are advised to maintain a balanced portfolio, incorporating both defensive and technology stocks, while avoiding high-priced stocks until a clearer market bottom is established [3][5] - The expectation is for the Shanghai Composite Index to fluctuate between 3,900 and 3,800 points until further news on trade negotiations and monetary policy is released [5]