周度报告：行业轮动后的市场结构将如何变化？-20250921

Group 1 - The report indicates that the Federal Reserve's recent interest rate cut of 25 basis points aligns with market expectations, but the overall hawkish tone from Powell has dampened market risk appetite [3][12][13] - Economic data from August shows a significant slowdown, with domestic demand weakening and GDP growth for Q3 projected at around 4.9%, prompting expectations for policy support to stabilize the economy [4][15][19] - The report emphasizes the importance of monitoring potential new policies aimed at boosting consumption and the real estate sector, as the current economic environment necessitates additional support [4][15][21] Group 2 - The report highlights a strong focus on the AI industry as a key investment theme, alongside sectors with robust economic support such as rare earths, precious metals, military, and financial IT [5][7][27] - It identifies that in a rising industry rotation intensity, growth style is likely to continue its upward trend for at least one month after reaching a peak, while financial style may weaken and cyclical style may strengthen [5][27][28] - The analysis of past growth cycles indicates that after peaks in industry rotation intensity, strong growth sectors tend to maintain their leading positions, suggesting a favorable outlook for AI and related industries [5][27][28]