AVIC I.F(SH:600705) Sou Hu Cai Jing·2025-11-24 05:42Market Overview - The major stock indices in the market experienced fluctuations and retreated, with the ChiNext index dropping approximately 1% and falling below 2900 points, while around 3200 stocks were in the green [1] - As of the midday close, the Shanghai Composite Index fell by 0.34% to 3821.68 points, the Shenzhen Component Index decreased by 0.59%, and the ChiNext index declined by 0.77%, with a total transaction volume of 1,032.6 billion yuan across the Shanghai and Shenzhen markets [3] Sector Performance - Sectors such as coal, gas, non-ferrous metals, electricity, and stability saw declines, while military and pharmaceutical sectors rose against the trend, with military trade and AI application concepts being particularly active [3] Market Sentiment and Analysis - The current market is characterized by a "three-phase overlap": a consolidation phase in the middle of a bull market, a critical period for verifying economic conditions, and a performance policy gap, leading to market fluctuations and profit-taking as the year-end approaches [3] - Recent disturbances in the overseas environment, including repeated expectations of a Federal Reserve rate cut in December, have shaken global market liquidity expectations; despite Nvidia's earnings exceeding expectations, its stock price experienced volatility, raising concerns about the sustainability of AI spending, which has affected sentiment in the A-share market [3] - Long-term factors supporting a slow bull market remain unchanged; however, in the short term, the strategy should focus on opportunistic positioning, awaiting the Federal Reserve's monetary policy meeting and the central economic work conference in mid-December, with potential for increased buying if adjustments are sufficient, while monitoring support levels at the 60-day and half-year moving averages and market volume conditions [3]