经济学家刘煜辉：今年A股涨幅较大，到年末收官阶段止盈需求强烈！人生发财靠科创，明年春季布局看好国产算力链等四大方向

Group 1 - The core viewpoint is that November and December are expected to be a period of declining market sentiment, with strong profit-taking demand as the A-share market has seen significant gains this year [1] - The market is likely to adjust in a "time for space" manner, presenting a pattern of oscillation with reduced trading volume, with an expected index pullback of around 200 to 300 points [1] - The probability of a "space for time" deep V adjustment is low unless an external event occurs, such as a critical accumulation of contradictions in the US AI bubble leading to a liquidity contraction [1] Group 2 - In terms of asset allocation, gold is considered an ideal long-term investment under the backdrop of the prolonged G2 competition, suitable for long-term holding [3] - Chinese core equity assets, such as stocks, are viewed as the most aggressive and dividend-rich investment opportunities in the context of the east rising and west declining trend [3] - For spring 2024, four key areas are highlighted for investment: domestic computing power chain, energy storage, circular economy, and materials industry, with expectations of significant breakthroughs and potential for substantial stock price increases [4]