Group 1 - The core view is that technology stocks will continue to lead the market, but there is an expectation for a more balanced market in 2026, with opportunities in cyclical and consumer sectors that have been overlooked [1][4] - The technology sector has seen significant gains this year, particularly driven by AI, but some stocks are now at relatively high valuations, leading to potential profit-taking by investors [2][4] - There is a consensus among fund managers that while technology remains strong, the market may not repeat the extreme one-sided trends of the past, indicating a shift towards a more balanced investment style [4][5] Group 2 - Domestic companies in the electronic and communication sectors are expected to benefit from increased capital expenditure in AI from overseas cloud providers, leading to stronger earnings certainty in the next two years [3] - The current market cycle has shown a comprehensive upward trend, particularly in technology, precious metals, and certain insurance assets, which are seen as early indicators of economic recovery [3] - There is a growing recognition of investment opportunities in previously overlooked sectors, as traditional industries begin to recover from past challenges and may offer stable dividend sources [5]
基金经理把脉跨年行情 科技继续担纲主线、顺周期板块存拐点机会
Zheng Quan Shi Bao·2025-12-10 18:45