行情录得五连阳，后市重点关注几条主线

Group 1 - The market showed a continuous rebound this week, with all three major indices recording five consecutive days of gains. The CSI 500 index led with a weekly increase of 4.03%, while the SSE 50 and CSI 300 indices lagged behind [2][30]. - In terms of sector performance, industries such as non-ferrous metals, industrial trade, national defense, and chemicals saw significant gains, while utilities, media and entertainment, transportation, and pharmaceuticals underperformed [4][30]. - The thematic sectors that performed well included fiberglass, lithium battery electrolytes, Hainan Free Trade Port, photovoltaics, and batteries [5][30]. Group 2 - In November, the manufacturing PMI was reported at 49.2%, an increase of 0.2 percentage points from the previous month, indicating an improvement in economic conditions. Conversely, the non-manufacturing business activity index fell to 49.5%, down 0.6 percentage points [8]. - Consumer prices in November rose by 0.7% year-on-year, while the average for January to November remained flat compared to the previous year. Month-on-month, consumer prices decreased by 0.1% [13]. - In November, the export value from China increased by 5.9% year-on-year, while imports grew by 1.9%. The trade surplus reached $111.68 billion, up from $90.07 billion in the previous period [19]. - New social financing in November amounted to 2.49 trillion yuan, an increase of 159.7 billion yuan year-on-year, with new deposits totaling 1.41 trillion yuan [19]. - The industrial added value in November saw a real growth of 4.8% year-on-year, with a month-on-month increase of 0.44%. For the first eleven months, the growth was 6.0% year-on-year [21]. - Fixed asset investment from January to November totaled 4440.35 billion yuan, a decrease of 2.6% year-on-year, with real estate development investment down by 15.9% [24][25]. - Retail sales of consumer goods in November reached 43.898 billion yuan, reflecting a year-on-year growth of 1.3%, while the total for January to November grew by 4.0% [27][29]. Group 3 - The market outlook remains optimistic, with expectations for a spring rally in the coming year due to policy support and major projects being prioritized. The focus will be on domestic demand policies as a key driver for market performance [30][33]. - Despite current market fluctuations, there is a belief that the market will strengthen gradually, with strategies focusing on upcoming earnings disclosures and themes such as domestic demand, anti-involution, new momentum, and technological growth [33].