财富通每日策略

Market Overview - The report indicates a collective rebound in the three major indices, with a trading volume of 643.4 billion, a decrease of 4.8 billion from the previous trading day, suggesting a potential end to the recent downward trend [4][19]. - The market is at a critical turning point, with the possibility of continued short-term rebounds as selling pressure has been released [4][19]. - There is a recommendation to closely monitor the performance of heavyweight stocks and market trading volume, as these factors will influence the strength and sustainability of the market rebound [4][19]. Sector Focus - The report highlights the importance of innovation-driven companies, particularly those with high R&D investment and significant future order ratios, which are expected to see an increase in valuation [4][30]. - Suggested sectors for investment include semiconductors, artificial intelligence, consumer electronics, and electrical equipment, indicating a focus on technology and innovation [4][30]. Policy Impact - A recent policy from the Ministry of Finance and other regulatory bodies aims to promote equipment renewal loans with a 1% interest subsidy for eligible loans, which is expected to stimulate market demand for equipment renewal, potentially exceeding 5 trillion yuan annually [13][30]. - The report notes that the ongoing high-quality development strategy will likely sustain growth in equipment renewal demand, marking it as a significant market opportunity [13][30]. Economic Context - The report discusses the impact of external economic factors, including a decline in overseas demand and prolonged interest rate hikes by major economies, which are compressing domestic liquidity and affecting exports [14][30]. - It emphasizes that the global economic slowdown and credit tightening may disrupt market liquidity, influencing interest and exchange rates [14][30].