长城基金廖瀚博：把握市场轮动机会

Group 1 - The market is experiencing fluctuations due to a combination of cautious sentiment and external news, leading to a shift of funds from the technology sector to defensive sectors like banking and coal [1] - The domestic economy is running smoothly, with key variables for domestic demand including fiscal policy, investment, and consumption, while external demand is influenced by US-China trade tensions [1] - The upcoming "14th Five-Year Plan" is expected to provide important guidance for future investment directions [1] Group 2 - The manager plans to further optimize the portfolio structure and enhance balance by seeking opportunities in underperforming sectors, focusing on potential assets with improving fundamentals [1]