真有点像2019年了

Group 1 - The report highlights that the A-share market is currently in a "new victory over old" phase of the new and old kinetic energy conversion, with a focus on new consumption and new technology sectors [4][55] - The market is expected to experience a structural rotation similar to 2019, characterized by a dual momentum in consumption and technology, with new consumption and new technology showing a "seesaw" effect [2][57] - The report emphasizes the importance of external factors, such as the upcoming US tariff negotiations and significant financial policy announcements expected from the Lujiazui Forum on June 18 [1][3] Group 2 - The report notes that the A-share market has shown resilience, with a strong performance in small-cap stocks and a daily average trading volume of 1.2088 trillion yuan, indicating increased market activity [14][19] - It discusses the structural divergence in capital flows, particularly the slowdown in southbound capital inflows, which reflects a cautious sentiment among investors regarding the realization of previously priced-in benefits [19][22] - The report identifies key sectors for investment, including new consumption represented by the New Consumption 50 index and new technology sectors such as AI and robotics, which are expected to drive future growth [4][40]