短期“高切低”、中长期坚定成长科技

Group 1 - The report indicates that the recent escalation of Sino-US trade frictions and external market risk aversion are expected to create disturbances in the A-share market in the short term, but the core drivers of the current market trend remain positive, particularly in October, suggesting that short-term adjustments may present investment opportunities [2][3][11]. - The report suggests a shift in market structure towards "high-cut low" in the short term, with potential focus on sectors such as finance, utilities, steel, petrochemicals, food and beverage, and home appliances, although these sectors may experience rapid rotation and pose challenges in terms of timing [2][4][5]. Group 2 - The report emphasizes that during periods of market turbulence, strong sectors may cool down, allowing weaker sectors to potentially "catch up" or experience short-term rebounds, with a focus on finance, utilities, steel, petrochemicals, food and beverage, and home appliances [5][22]. - The long-term outlook remains optimistic for the AI industry and sectors with strong performance support, indicating that the trend of growth in the AI sector is expected to continue, with specific attention to areas such as TMT, computing power infrastructure, and military industry [23][24].