【机构策略】A股市场或有望延续偏强运行

Group 1 - The A-share market experienced a pullback after an initial rise, with the Shanghai Composite Index facing strong resistance at key levels, indicating a continuation of the short-term rebound trend [1][2] - Positive factors such as the clear economic goals set by the 20th Central Committee and anticipated interest rate cuts by the Federal Reserve are expected to bolster market confidence and support short-term performance [1][2] - Despite current corporate earnings being in a stabilization phase, there are signs of marginal improvement in certain sectors, and the overall market is expected to see slight recovery in earnings in the fourth quarter [1][2] Group 2 - The market showed a quick rotation among sectors, with limited strong performance outside of local stocks in Fujian, while sectors like metals and infrastructure lagged [2] - The upcoming key events, including the "14th Five-Year Plan" recommendations and the nearing conclusion of Q3 earnings reports, are likely to create a more favorable market environment [2] - The fourth quarter is projected to maintain a bullish trend supported by policies against excessive competition, increased household investment in the market, and technical reversals [2]