密切关注两大因素

Market Overview - The A-share market showed mixed performance on Tuesday, with the Shanghai Composite Index declining by 0.37% to close at 3909.52 points, while the ChiNext Index rose by 0.61% to 3209.60 points, indicating a weak and fluctuating market sentiment overall [4][8]. - The total trading volume across both exchanges reached 19,040 billion, with significant activity in sectors such as commercial retail, communication services, and food and beverage, while sectors like non-ferrous metals and pharmaceuticals faced declines [4][6]. Sector Analysis - CPO (Co-packaged optics) stocks continued to rise, driven by increased capital expenditure plans from U.S. tech companies for AI data centers, which are expected to generate substantial orders for optical modules due to their advantages in high-speed data transmission [5]. - Consumer stocks, particularly in commercial retail and food and beverage, saw increased activity following the release of a government plan aimed at enhancing consumer goods supply and demand adaptability, suggesting potential opportunities in sectors catering to the elderly and budget-conscious consumers [6]. Investment Strategy - The report emphasizes a cautious approach, advising investors to closely monitor the Federal Reserve's meetings and domestic policy developments, adjusting portfolio structures accordingly. If favorable policies emerge, there may be opportunities to increase positions in structurally advantageous assets [7][8]. - The recommendation is to focus on individual stocks rather than indices, employing strategies such as balanced allocation and tactical buying and selling, particularly in sectors with strong earnings support, including technology growth (semiconductors, AI themes) and cyclical industries (solar, batteries, chemicals) [7][8].