十大券商一周策略：市场正为新一轮向上趋势蓄势！风格切换可能越来越强

Group 1 - The market is experiencing increased volatility, but the success rate of timing strategies is low due to changes in the underlying structure of incremental capital, with steady absolute return funds entering the market [1] - The AI narrative is influencing various sectors, including TMT, non-ferrous metals, chemicals, and new energy, which together account for over 60% of institutional holdings [1] - The focus for portfolio adjustment should be on selecting stocks with upward trends in ROE rather than avoiding the AI narrative [1] Group 2 - A-shares are expected to maintain resilience supported by stable economic and policy expectations, with a focus on cyclical sectors such as steel, chemicals, and new consumption [2] - The market is likely to experience rapid rotation of hotspots, with sectors like electric grid equipment, lithium batteries, and chemicals showing upward movement [3] - The long-term trend for A-shares remains upward, driven by structural improvements in the economy and increased global influence [4] Group 3 - November is historically favorable for small-cap and thematic investments, with a focus on AI applications, robotics, and new materials [5] - The market is expected to enter a major upward phase from November to December, driven by policy and liquidity improvements [6] - The upcoming spring market may start earlier than usual, with a focus on growth-oriented sectors [7] Group 4 - Recent price increases in the market are seen as a preemptive move for a cyclical recovery next year, particularly in sectors like coal, non-ferrous metals, and renewable energy [8] - Short-term attention is on power equipment and chemicals, with a shift towards high-certainty stocks as the market rebalances [9] - The overall performance of A-shares is improving, with a focus on strategic industries and technology applications [10][11]