Ge Long Hui·2025-11-24 00:32Core Viewpoint - Investor sentiment is significantly influenced by expectations of interest rate cuts by the Federal Reserve and geopolitical situations, leading to rapid rotation of market hotspots and a likely continuation of a volatile trend in the Hong Kong stock market [1] Sector Recommendations - The market's fluctuating risk appetite may drive investors towards dividend stocks for defensive positioning [1] - Concerns regarding the AI bubble are gradually diminishing following recent market corrections, presenting new allocation opportunities in the technology sector [1] - The effects of "anti-involution" policies are becoming evident, with changes in supply and demand dynamics potentially leading to a sustained rebound in cyclical stocks as commodity prices rise [1]