民生加银基金：年末震荡主导 避险策略看好煤炭有色

Core Viewpoint - Minsheng Jianyin Fund believes that the coal and non-ferrous sectors will perform relatively well in the future, as tariff factors gradually stabilize, leading the stock market into a period of performance, events, and policy vacuum, which may result in a phase of market fluctuation [1] Group 1 - The coal and non-ferrous sectors are expected to show better performance [1] - The stock market is entering a period lacking decisive catalysts for direction [1] - Investment opportunities are anticipated to emerge towards the end of the year, contingent on new improvements or changes [1]