未完待续，再接再厉

Market Commentary - The market experienced significant volatility on October 8, 2024, with the Shanghai Composite Index opening up by 10.13% and closing with a gain of 4.59%. The ChiNext Index opened up by 18.44% and closed with a gain of 17.25%. The total market turnover reached 3.48 trillion, setting a historical record [1]. - The surge in the market was attributed to accumulated optimistic sentiment during the National Day holiday, alongside a failure to meet high expectations from the National Development and Reform Commission's press conference. The market opened strongly and closed higher, driven by external factors such as the Hang Seng Index rising by 9.30% and the NASDAQ Golden Dragon Index increasing by 11.43% during the holiday [1]. - The market is expected to maintain upward momentum in the short term, but volatility is anticipated to increase. The short-term market remains optimistic, as evidenced by a significant increase in trading volume, with the previous trading day seeing a turnover of 2.61 trillion, which increased by 33% to 3.48 trillion [1]. Investment Strategy - The report emphasizes three main investment themes: 1. High elasticity stocks that reflect market sentiment, including brokerage firms, military industry, and technology sectors. These sectors typically exhibit the highest elasticity during rapid market uptrends [2]. 2. Growth sectors benefiting from improved macro and micro liquidity, with expected strong performance in Q3 reports, particularly in electronics, electric new energy, and communications. The report highlights that the performance of these sectors is likely to exceed expectations [2]. 3. Consumer sectors with potential for recovery and policy support, such as home appliances, automobiles, pharmaceuticals, and agriculture. These sectors have shown signs of stagnation but are expected to benefit from policy boosts and cyclical uptrends [2].