Ge Long Hui·2025-12-23 00:25Group 1 - The core viewpoint is that recent economic data from the US and key events such as interest rate hikes by the Bank of Japan have alleviated previous market uncertainties, leading to improved global liquidity expectations and a recovery in risk appetite [1] - Global stock markets have shown a recovery trend after an initial decline, with notable performance in metal commodities [1] - Despite the year-end assessment approaching, institutional investor sentiment remains cautious, resulting in a contraction in trading volume in the AH market, with a prevailing judgment of market volatility from timing models [1] Group 2 - The recommendation is to maintain a strategy of "light index, heavy structure," suggesting to look for opportunities in low-position sectors while preparing for the spring market rally [1] - Industry recommendations include precious metals, automotive, computing, media, and real estate sectors [1] - On the style front, there is a positive outlook for small-cap stocks, with advice to avoid high-position large-cap stocks and prioritize opportunities in lower-position sectors [1]