帮主郑重早间观察：降准降息在路上？A股十三连阳+开户爆增，中长线机会这样抓

Market Overview - The Shanghai Composite Index has achieved its longest winning streak in 33 years with thirteen consecutive days of gains, and new account openings have surged to a nearly three-year high [1][3] - In 2025, over 27 million new accounts were opened, with institutional account openings increasing by 35% year-on-year, indicating a significant shift towards institutional investment [3] Monetary Policy and Economic Outlook - The People's Bank of China has included flexible use of reserve requirement ratio (RRR) cuts and interest rate reductions in its toolkit for 2026, alongside potential interest rate cuts from the Federal Reserve, which may lead to a mild appreciation of the RMB [3] - The market logic for 2026 is shifting from valuation-driven speculation to a focus on corporate earnings, providing a more solid foundation for medium to long-term investments [3] Investment Opportunities - Focus on medium to long-term investments rather than short-term speculative plays, avoiding sectors with low fundamental support [4] - Key sectors to watch include industrial resources aligned with AI and global manufacturing recovery, such as copper, aluminum, and lithium; equipment export chains like photovoltaics, lithium batteries, and engineering machinery; and consumer sectors benefiting from recovery, including aviation, hotels, and food and beverage [4] - The tightening of export controls on dual-use items to Japan and the potential tightening of rare earth export reviews highlight the strategic importance of these resources, making companies with core resources worth monitoring for long-term investment [4] Investment Strategy - Emphasize a long-term investment approach, akin to slow-cooking, rather than reacting to short-term market fluctuations [4] - Selecting the right sectors and holding fundamentally strong companies with growth potential is deemed more reliable than frequent trading based on market volatility [4]