Sou Hu Cai Jing·2025-11-20 03:50Group 1 - The A-share market has seen a significant increase, rising over 4% and reaching a historical high for the second consecutive day, with a market capitalization surpassing 20 trillion [1] - The banking ETF fund has increased by 1.85%, indicating strong investor interest in this sector [1] - The free cash flow ETF recorded a net subscription of 35.7 million, marking the ninth consecutive day of inflows, totaling 1.495 billion [1] Group 2 - The technology sector experienced a pullback after a strong performance, reflecting a shift in year-end funding towards stability and securing annual returns [3] - The probability of a Federal Reserve interest rate cut in December has decreased to 30%, alongside concerns about an AI bubble, leading to a decline in market risk appetite [3] - Weakening domestic credit and retail sales data for October have increased attention on public utilities, banking, and dividend sectors [3]