长城基金汪立：新兴科技仍有望成为主线

Group 1 - The overall market is expected to enter a sentiment recovery phase as various risk factors approach resolution, with a rebalancing of industry allocations anticipated [1] - The Federal Reserve's dovish stance and the potential for interest rate cuts in December may improve global liquidity expectations [1][2] - Current adjustments in A-share popular sectors and broad indices are nearing historical average levels for emotional corrections, indicating potential short-term reversal signals [1] Group 2 - Emerging technology is expected to remain a key investment theme, with attention also on undervalued consumer stocks and brokerage firms [2] - The improvement in global industrial competitiveness is opening new growth opportunities for Chinese companies, particularly in sectors like internet, semiconductors, media, power equipment, and innovative pharmaceuticals [2] - The financial sector is seen as a crucial mechanism for stabilizing the market, with potential benefits from surging asset management demand and active market trading, focusing on brokerage, insurance, and banking [2]