市场将会呈现三阶段上涨 目前仍为第一波

Core Viewpoints - The current market is in the first phase of a three-stage upward trend, with a significant shift in the stock market's strategic positioning from primarily financing to stimulating domestic demand and increasing property income [2][3] - The capital market is expected to enter a new historical phase, with a high probability of a long-term bull market if expansionary fiscal policies are officially initiated [2][3] Market Phases - The market is expected to experience three stages of performance: 1. The first stage is characterized by a rapid revaluation of undervalued Chinese assets, driven by favorable policy announcements, leading to a quick price surge [3] 2. The second stage will involve a consolidation phase influenced by quarterly reports and external factors such as the U.S. elections, with a strong likelihood of maintaining a robust oscillation [3] 3. The third stage will commence after the December political bureau meeting, where market direction will be determined based on policy outcomes, potentially leading to a mid-term bull market if expectations are met or exceeded [3] Investment Strategy - In the first phase, focus on high-performing stocks in the ChiNext and STAR Market, while also considering fundamentally strong stocks in the main board to mitigate risks during the upcoming consolidation phase [4] - As the market transitions to the second phase, gradually shift investments towards technology stocks, cyclical stocks, and sectors with significant growth potential, particularly in areas like AI, semiconductors, and electric vehicles [4][6]