每周投资早参

Market Overview - The A-share market has successfully recovered from the significant drop caused by the "reciprocal tariff" policy announced in early April 2025, with major indices regaining previous lows by May 14, 2025[3][20] - The recovery was primarily driven by policy stimulus and emotional repair, resulting in a "V-shaped reversal" in the indices, but the market now faces a lack of new catalysts and potential short-term adjustments[3][20] Market Sentiment and Trends - Recent market behavior shows rapid rotation among sectors such as military, shipping, finance, and beauty care, indicating insufficient market confidence and a preference for short-term speculation[4][20] - The external environment remains uncertain, with ongoing tariff negotiations that could introduce further volatility despite recent positive developments in US-China trade relations[4][20] Technical and Economic Factors - The 3400-point level has become a significant resistance area, accumulating many trapped positions, and recent financial sector rallies did not lead to a substantial increase in trading volume, reflecting weak investor enthusiasm[4][22] - Domestic economic indicators, such as the manufacturing PMI dropping to 49% in April and lower-than-expected RMB loans, suggest that economic recovery is not robust, which could continue to exert pressure on the market[4][22] Investment Strategy - The market is entering a traditional "performance vacuum" period, lacking earnings data guidance and facing strong selling pressure from profit-taking and cautious sentiment[5][20] - Investors are advised to avoid blind chasing of price increases and to focus on sector rotation, employing a strategy of buying low and selling high[5][23]