Xin Lang Cai Jing·2026-01-04 11:30Group 1 - The A-share market is expected to experience a "New Year Red" rally due to improved liquidity and exchange rate conditions compared to the previous two years [3][17][54] - Key sectors to focus on include semiconductors, AI, non-bank financials, new energy, and machinery equipment, with a long-term outlook on industrial metals, small metals, and innovative pharmaceuticals [5][40] - The market sentiment index has risen to 80, indicating a bullish sentiment, and the "New Year rally" is likely to continue into January [2][12][38] Group 2 - The A-share market has shown a strong performance in December, characterized by a "nine consecutive days of gains" pattern, which historically suggests continued upward movement [6][43][47] - High-performing sectors in December included defense, non-ferrous metals, communications, and machinery, aligning with the identified investment opportunities in high-growth industries like AI and commercial aerospace [10][47] - The domestic liquidity environment remains loose, supporting the continuation of the cross-year rally [19][56] Group 3 - The recent geopolitical tensions, particularly the U.S. military actions in Venezuela, are expected to lead to short-term increases in gold and oil prices, while the overall impact on the market is anticipated to be limited [4][24][61] - The global technology sector is experiencing a rally, with significant movements in semiconductor and AI stocks, driven by favorable domestic policies and international trends [30][31][58] - The launch of the national venture capital guiding fund is expected to stimulate investment in emerging industries, including integrated circuits and artificial intelligence [33]