短期市场“上下两难”，科创板政策红利释放，后市可关注四大方向

Group 1 - The report indicates that the A-share market is currently experiencing a "two-way dilemma" with limited downward space due to ongoing policy support, while the fundamental situation has not fully stabilized, leading to a lack of effective breakthroughs [3][9] - The introduction of the "1+6" policy measures to deepen the reform of the Sci-Tech Innovation Board is expected to inject new vitality into the market, particularly allowing more unprofitable high-tech companies to go public, which may attract more innovative enterprises [2][9] - Key sectors to focus on include robotics, semiconductors, AI, and the digital economy, as these are driven by policy catalysts and industry development [3][9] Group 2 - The military industry, particularly aerospace and shipbuilding stocks, has shown significant growth, driven by geopolitical tensions and ongoing government support for defense modernization, with a projected steady increase in China's defense budget from 2020 to 2025 [6][7] - The consumer electronics sector is also on the rise, buoyed by the recent Apple Worldwide Developers Conference and increased consumer demand for digital products, supported by various promotional policies [7][8] - The overall market sentiment remains low, with a trading volume of 11.91 trillion yuan, indicating a general lack of profitability among individual stocks [5][10]