年末分化行情，该往哪看？

Group 1 - The market is experiencing a divergence where certain sectors like commercial aerospace, controllable nuclear fusion, and autonomous driving are seeing significant gains, while traditional sectors like liquor and consumer goods are declining [3][15] - The shift in market dynamics is attributed to fund reallocation by institutions, moving away from previously high-performing sectors like AI computing towards areas with strong policy support and low valuations [3][15] - Private equity firms are focusing on stocks that can genuinely benefit from industry trends, emphasizing the importance of commercial viability and cautioning against purely speculative investments [3][15] Group 2 - The misconception that all stocks rise in a bull market leads to poor investment decisions, as many sectors can still decline despite overall index gains [4][7] - Institutional behavior is a more reliable indicator of stock performance than news, as seen in the liquor sector where institutional participation waned despite positive consumption forecasts [7][13] - Data analytics can help identify stocks with active institutional involvement, which is crucial for making informed investment decisions [14][15] Group 3 - The current market divergence is viewed as an opportunity to identify stocks with sustained institutional support, particularly in emerging sectors like AI integration and engineering applications of superconductors [15][16] - Understanding who is participating in the market is essential for navigating the year-end volatility and positioning for future growth [15][16]