投资策略：近年6月有哪些交易线索？

Group 1 - The report highlights that the performance of industries in June has historically shown weak correlation with May and the first five months of the year, indicating that linear extrapolation may not be applicable for current trading strategies [2][17]. - In recent years, leading industries in June have been closely tied to event-driven catalysts, with 2020 seeing diverse industrial events, 2021 driven by the "dual carbon" initiatives in the new energy sector, and 2023 focused on AIGC and robotics [20][22][23]. - For June 2024, the market lacks significant catalysts and major sectoral momentum, leading to a division among event-driven catalysts, industrial prosperity, and macro narratives [20][22]. Group 2 - The report suggests that maintaining a balanced allocation remains crucial, especially as only a few sub-sectors exhibit favorable conditions, similar to the situation in June 2024 [3][30]. - It recommends gradually increasing risk appetite for thematic trading as June has historically been a strong month for such strategies, particularly in sectors like innovative pharmaceuticals and IP economy [31]. - Defensive assets such as banks, insurance, and utilities are advised as core holdings, while sectors like transportation and consumer goods with rising dividend yields should also be monitored [31]. Group 3 - The A-share market has recently experienced a rebound followed by a pullback, indicating technical resistance at higher levels, with the index facing pressure from external factors such as U.S. market fluctuations [33][42]. - The report notes that the overall market sentiment has slightly improved, with a marginal recovery in risk appetite, although net outflows of incremental funds were observed [45][51]. - The valuation of the A-share market has generally declined, with most industry valuations also trending downward, particularly in sectors like real estate and technology [56][59].