10月29日每日研选｜4000点已“尝鲜”，接下来会怎样？

Group 1 - The A-share market is expected to maintain a wide fluctuation and gradual rise in November, with a focus on sectors such as artificial intelligence, traditional manufacturing related to "anti-involution," and aerospace benefiting from relevant policies [2] - The current policy environment reduces the likelihood of contraction or tightening policies, which is favorable for the A-share and H-share markets to continue their trends into 2026, particularly in AI and innovative pharmaceuticals [3] - The H-share market shows clear signs of a phase rebound, with technology stocks expected to perform better during the interest rate cut period, while dividend stocks are also recommended for the remaining months of the year [4] Group 2 - The large-cap growth style is anticipated to outperform in the medium term (3-6 months), supported by macro industry policies and an increasing proportion of large-cap emerging growth companies [5] - Investment focus should be on three main directions: technology sectors benefiting from the deepening of the ChiNext reform, the North Exchange sectors with pilot policies, and high-dividend sectors benefiting from increased insurance capital market participation [6] - The traditional sectors are expected to yield excess returns in the fourth quarter, with the Shanghai 50 index showing the most stable volume-price structure and healthy upward trends [7]