春节后至两会市场规律观察：等闲识得东风面

Group 1 - The main battlefield for the spring market is from the Spring Festival to the Two Sessions, with average returns and win rates post-Festival being better than pre-Festival, influenced by liquidity easing, risk appetite increase, and policy expectations [2][13][16] - The market has shifted from large-cap to small-cap stocks, with significant reversals observed, particularly favoring the CSI 2000 and CSI 1000 indices [3][19][23] - The performance of the TMT sector is driven by technological growth, with AI as a key focus, showing excellent returns and win rates [6][37] Group 2 - The consumption sector, particularly beauty care and agriculture, is expected to perform well ahead of the Two Sessions, benefiting from growth stabilization and consumption promotion expectations [6][41] - The infrastructure sector is anticipated to benefit from growth stabilization expectations ahead of the Two Sessions, with notable performances in environmental protection, construction, and building materials [6][41] - Small-cap styles are expected to be active, with a focus on technology growth directions, particularly in low-altitude economy and DeepSeek themes [7][40]