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Market Overview - The small-cap growth style has outperformed the large-cap value style, with indicators showing a high degree of divergence in performance[2] - The domestic ETF market has seen significant changes in fund flows since September, impacting market pricing dynamics[3] Investment Strategies - Two types of allocation strategies are suggested, with a focus on sectors such as non-bank finance, computer technology, defense, real estate, and automotive industries[7] - Recommended ETFs include those tracking the CSI A500, Sci-Tech Innovation Board, and broader technology and real estate sectors[7] Macroeconomic Insights - The recent local government debt resolution policy is expected to alleviate interest payment burdens and provide more resources for economic development[9] - The Federal Reserve may adopt a cautious approach in December, with potential upward pressure on U.S. Treasury yields until early next year[9] Sector Performance - The overall performance of major asset classes has shown strength in domestic equity markets, with broad indices experiencing weekly gains[11] - The consumer electronics sector is expected to benefit from government subsidies, particularly in the home appliance category, with leading brands showing strong growth potential[12]