沪指年末站稳4000点？机构高呼当下不宜犹豫，有色领涨两市，锁定年度冠军！军工续刷阶段新高

Market Overview - The three major indices continued to rise, with the Shanghai Composite Index recording an 8-day winning streak, potentially returning to 4000 points by year-end [1] - The total trading volume in the two markets reached 2.18 trillion yuan, setting a new high for December [1] Sector Performance - The non-ferrous metals sector led the market, with the Non-ferrous ETF Huabao (159876) surging by 3.77%, reaching a new high since its listing [2][5] - Non-ferrous metals have outperformed all 31 Shenwan primary industries this year, with an annual increase of nearly 94% [2] - The lithium battery supply chain saw significant gains, with the main contract for lithium carbonate breaking through 130,000 yuan per ton, marking a new high since November 2023 [3] Investment Outlook - Institutions remain optimistic about the non-ferrous metals and precious metals sectors, predicting they will be part of the "first tier" of upward trends by 2026 [3][7] - Factors supporting the strong performance of non-ferrous metals include increased geopolitical uncertainty, a weakening dollar, rising demand due to AI and energy transitions, and supply constraints [7] - The military industry continues to show strong performance, with the Military ETF Huabao (512810) reaching a new high, driven by active commercial aerospace developments [11][13] Specific Stocks and ETFs - Key stocks in the non-ferrous metals sector, such as Yuxing Materials and Jiangxi Copper, saw significant price increases, with several stocks hitting their daily limit [8] - The Military ETF Huabao (512810) has a significant weight in commercial aerospace stocks, which have been performing well [14] - The brokerage sector, represented by the Broker ETF (512000), has shown signs of recovery, with a slight increase of 0.86% and a trading volume of 18.3 billion yuan [18][20] Future Catalysts - The brokerage sector is expected to benefit from increased market activity and capital inflows, with predictions of a more favorable environment for earnings growth in 2026 [22][23] - The military sector is anticipated to enter a configuration cycle, supported by new policies and increased contributions from commercial aerospace and low-altitude economies [16][17]