中信证券：预计2026年一季度经济景气度有望抬升 风险资产中波动相对较低的权益资产更具性价比

Group 1 - The core viewpoint of the article is that economic conditions are expected to improve gradually in the first quarter of 2026 due to proactive fiscal policies and the low base effect in the second half of 2025 [1] - Risk assets, particularly equities with relatively low volatility, are considered to have better cost-effectiveness in the current market environment [1] - Overall asset allocation faces challenges such as increased volatility and narrowing expected returns for certain assets, leading to recommendations for diversified risk management strategies [1] Group 2 - For low-risk preference investors, a diversified asset allocation is suggested to mitigate risks [1] - Mid to high-risk preference investors are advised to slightly overweight their stock allocations [1]