和讯投顾刘昊：止跌企稳还是继续回落？

Core Viewpoint - The market index has dropped below 3850, indicating a potential entry point for investors, but caution is advised as the bottom is often reached in despair rather than optimism [1] Market Analysis - The index opened 30 points lower and closed down 96 points, with some rebound observed in the afternoon, particularly in low-positioned technology stocks related to AI applications and robotics [1] - There is a belief among some investors that the decline has ended, leading to potential buying activity, but historical patterns suggest that true bottoms occur when despair is prevalent [1] Investment Strategy - Investors are encouraged to wait for a genuine bottom before making significant investments, as the rebound is expected to be led by core technology sectors rather than low-positioned stocks [1] - The unclear interest rate policy from the Federal Reserve and the lack of signs of recovery in the U.S. stock market suggest that a bottom is not easily reached [1] Market Sentiment - The sentiment among retail investors is likely to shift towards despair as losses mount, which historically signals the actual market bottom [1] - The current market is viewed as being in a mid-term adjustment phase, with expectations of a "golden pit" not far off [1]