【机构策略】A股市场短期或进入震荡整理

Group 1 - The A-share market is currently in a phase of consolidation around the 4000-point level, with a likelihood of continued stabilization and rebalancing of market styles [1][2] - The energy metals, software development, internet services, and shipbuilding sectors performed well, while pharmaceuticals, precious metals, insurance, and photovoltaic equipment sectors lagged [1] - Financial data from October indicates a long-term trend of residents shifting asset allocation towards financial assets, providing incremental capital to the market [1] Group 2 - The lithium battery industry chain showed strength, and AI application sectors were active, while precious metals and pharmaceuticals underperformed [2] - The selling pressure around the 4000-point level is expected to gradually dissipate, leading to a relatively stable chip structure, limiting the downside potential of the index [2] - The foundation for a slow bull market remains intact, supported by ongoing global tech investment enthusiasm, "anti-involution" policies, and increased retail participation in the market [2]