主题策略周报 20260308：外乱内稳，周期趋势加强-20260308

Group 1 - The core viewpoint indicates that external disturbances lead to internal stability, and the overall market will continue to experience fluctuations, with a strengthened performance in mid-cap blue-chip stocks and a focus on resource sovereignty [7][10]. - The assessment of the domestic market's impact is manageable, and the oscillating situation remains unchanged, as the recent Middle Eastern events serve as a short-term stress test without altering the mid-term market dynamics [11][12]. - Global risk evaluation is on the rise, reinforcing existing trends, while short-term risk appetite is expected to decline but will likely recover in the mid-term as uncertainties resolve [11][12]. Group 2 - In terms of industry comparison, the short-term events are believed to have a limited negative impact on previously favored sectors, instead reinforcing existing trends, with continued optimism for cyclical sectors such as non-ferrous metals, chemicals, transportation, agriculture, coal, and natural gas [12]. - The theme of investment prioritizes resource sovereignty, emphasizing that strategic resource assets are being re-evaluated under the new geopolitical order, shifting demand from traditional economic cycles to "manufacturing upgrades" and "strategic security" [3][12]. - The technology manufacturing sector is closely following developments in AI and space, with a focus on domestic computing power advancements and the emerging space industry, which is expected to see significant growth due to increased satellite networking demands [4][13][14].