畅力资产宝晓辉：近期A股的跷跷板效应是市场健康的“自我调节”

Core Viewpoint - The high dividend sector in A-shares has shown strong resilience amid market adjustments, indicating a healthy self-regulation mechanism in the market [1] Group 1: Market Dynamics - Since October, the defensive sentiment among market funds has increased significantly, aligning with the performance of high dividend sectors [1] - The "seesaw effect" observed is not a conflict between different sectors but rather a manifestation of healthy market self-regulation, allowing funds to shift reasonably between sectors [1] Group 2: Sector Performance - The technology sector experienced substantial cumulative gains in the first three quarters, leading to a phase of adjustment in October [1] - The high dividend sector meets the growing demand for defensive investments as the market stabilizes [1]