策略周聚焦：短期保持耐心，中长期依然乐观

Group 1 - The report maintains a long-term optimistic view on the re-inflation bull market, indicating that the transition from financial re-inflation to physical re-inflation is underway, with a focus on the recovery of price levels [2][36][38] - The report emphasizes the importance of patience in the short term (1-2 months) while waiting for policy adjustments and market conditions to stabilize, particularly in the context of fiscal and monetary policy [6][10][11] - The report highlights the need to monitor domestic demand and price levels, noting that current CPI and PPI figures indicate a need for price recovery, with M1 growth showing signs of stabilization [18][19][28] Group 2 - The report identifies specific sectors for investment based on dividend stability, recommending banks, ports, highways, white goods, industrial metals, liquor, and telecom operators as key areas of focus [8][39] - The report suggests a focus on small-cap technology growth, particularly in AI and TMT sectors, supported by policy backing and remaining liquidity [3][8] - The report discusses the performance of various industries, noting that low-volatility dividend assets have significantly outperformed quality and cyclical dividends, with banks showing stable profitability and cash flow [39][41]