20260323-20260329：韧性十足，静待修复契机显现

Group 1 - The core viewpoint indicates that the equity market is experiencing significant volatility due to ongoing geopolitical conflicts, leading to a shift in investor sentiment from short-term fluctuations to long-term pessimism, which has resulted in widespread panic selling and capital outflows affecting global markets, including A-shares [2][9] - Despite the overall strong performance of A-share indices, the market remains sensitive to negative news, which may amplify adverse impacts and increase volatility in the short term [3][12] - The report suggests that the resilience of the A-share market is notable, with expectations for a potential recovery as negative factors are digested, indicating a wide range of fluctuations may characterize the market in the short term [3][13] Group 2 - The report recommends a short-term focus on stable dividend sectors to mitigate volatility risks, while mid to long-term attention should be directed towards innovation-driven sectors such as computing and telecommunications for recovery opportunities [5][14] - The bond market is expected to attract more funds due to reduced risk appetite from geopolitical tensions, with short-term bonds being a preferable choice for investors seeking flexibility [6][35] - In the commodity market, there is a notable fluctuation in energy and precious metals, with the potential for gold to maintain a gradual upward trend in the long term despite short-term volatility risks [7][40]