观点全追踪（3月第5期）：晨会精选-20260316

Core Insights - The report discusses the implications of the US-Iran conflict, suggesting that geopolitical situations are unpredictable in the short term, but the impact may be gradually absorbed in the medium term. The technology industry cycle is not expected to reach a peak easily. The upcoming 2026 US midterm elections will focus on "prices," indicating that the ongoing war situation may not be sustainable before the elections. Therefore, once short-term geopolitical uncertainties are resolved, there could be a significant buying opportunity in the Chinese stock market this year [1]. Strategy Overview - The report emphasizes that the logic of a global non-US asset bull market in 2026 is unlikely to be disrupted by geopolitical issues. It suggests that the current geopolitical tensions may create favorable conditions for investment in Chinese stocks once they stabilize [1].