保险与券商突然爆发，低估值板年末有望卷土重来？｜程大爷论市

Group 1 - The recent listing of Moer Thread saw a significant surge, opening at a 468% increase and peaking at a 500% rise, highlighting the intense market enthusiasm for new tech stocks amid the AI boom [4][5] - Moer Thread, established in 2020 and yet to turn a profit, achieved a market capitalization exceeding 300 billion on its first day, showcasing the capital market's appetite for tech unicorns [4] - The high trading volume of Moer Thread, with an 80% turnover rate and a transaction amount of 15.3 billion, indicates a potential for speculative trading, raising concerns about the sustainability of such valuations [5] Group 2 - The insurance and brokerage sectors experienced a sudden rebound, attributed to regulatory adjustments that increased the investment capacity of insurance companies, indirectly benefiting market returns [7] - Despite a lackluster performance earlier in the year, these low-valuation sectors are now seen as having substantial intrinsic value, with brokerages reporting a 60% growth in earnings and insurance stocks showing significant profit increases [7] - Historical patterns suggest that low-valuation sectors may see a resurgence as year-end approaches, especially if high-valuation tech stocks face corrections [9] Group 3 - The market is currently exhibiting a balanced style, with high-valuation tech stocks stabilizing while low-valuation sectors are experiencing upward momentum, indicating a potential shift in investor focus [8] - The future performance of low-valuation stocks may depend on the fate of the AI bubble; if tech stocks face significant declines, capital may flow back into undervalued sectors [9]