策略周报：配置窗口期，坚守高成长

Group 1 - The report emphasizes the importance of maintaining a focus on high-growth sectors such as the AI industry chain and robotics, while also suggesting appropriate rotations within the industry chain [2][3][36] - The current market environment indicates a potential upward trend for A-shares, supported by a relatively loose monetary policy and fiscal stimulus, despite some uncertainties leading up to the Spring Festival [10][24][36] - The human-shaped robot sector is highlighted as having significant potential, with the report suggesting that returns can be divided into Beta and Alpha components, where Beta is influenced by macro factors and Alpha is driven by specific catalysts [25][36][33] Group 2 - The report notes a general recovery in market sentiment, with technology sectors, particularly the computer and robotics industries, showing strong performance [24][36] - The analysis of the real estate sector indicates a marginal recovery in sales, but comprehensive recovery across the entire real estate chain is still pending, with significant declines in new construction and investment [30][36] - The report suggests that the recent adjustments in the technology sector are more about repositioning from previously high expectations rather than a fundamental shift in industry trends, with AI and robotics still seen as having substantial upward potential [33][36]