Xin Lang Cai Jing·2025-11-17 00:10Core Viewpoint - The A-share market is currently in a consolidation phase, with rapid rotation among sectors, particularly as funds shift towards lithium batteries and electrolyte themes, while the consumer sector benefits from favorable policies [1] Sector Analysis - The technology sector, which previously saw significant gains, is now in a state of consolidation, indicating a potential pause in upward momentum [1] - Funds are beginning to rotate towards themes such as lithium batteries and electrolytes, suggesting a shift in investor focus [1] - The consumer sector is experiencing benefits from policy support, although the sustainability of these themes remains in question [1] Market Outlook - As the year-end approaches, institutional allocations are likely to become more balanced, preparing for the economic outlook for the next year [1] - The year-end market is expected to maintain a volatile structure, characterized by fluctuations rather than a clear trend [1] - In the context of sector rotation, opportunities related to "anti-involution" and dividends are highlighted, with a focus on the technology sector's potential for catch-up gains and industry trend catalysts [1]