Xin Lang Cai Jing·2025-11-03 01:44Group 1 - The A-share market is expected to continue a slow rising trend due to multiple favorable factors, including the "14th Five-Year Plan" and the commencement of the Federal Reserve's interest rate cut cycle [11][12][13] - Current index levels are considered to have better quality compared to 2015, with significantly lower valuation levels, suggesting that excessive focus on index points is unnecessary [3][11] - The market is entering a period of performance and policy vacuum after the third quarter reports, which may lead to a phase of consolidation [8][14] Group 2 - Short-term market movements are characterized by narrow fluctuations, with the technology growth sector losing some attractiveness, necessitating a wait for upward breakout factors [4][15] - Fund holdings have shifted, with a notable increase in electronic sector allocations, indicating a potential for structural adjustments in the market [6][7] - The market is expected to maintain a balanced configuration, with a focus on sectors like brokerage, steel, and consumer goods, transitioning from a "technology-first" approach to a more "balanced" allocation style [14][15] Group 3 - The upcoming months are anticipated to be a period of consolidation, with a focus on new industry trends such as commercial aerospace, AI applications, and innovative pharmaceuticals [8][10] - The market's performance is likely to be influenced by the economic recovery and the gradual improvement of demand-side conditions, particularly in sectors like energy storage [4][10] - The overall market sentiment is expected to remain stable, with a potential for structural opportunities in high-growth sectors [9][16]