爱建证券今日视点：股指窄幅震荡整理，成交量能减少一成

Market Overview - The market showed a slight decline with both Shanghai and Shenzhen indices closing down, and the total trading volume decreased by nearly 10% to 0.82 trillion yuan, indicating a notable drop in market activity[7] - The market experienced a narrow fluctuation with a daily range of only 18 points, and the previously active sectors saw a quick retreat, leading to a mixed performance across sectors[5][9] Economic Indicators - The U.S. Federal Reserve Chairman Powell indicated that maintaining current interest rates for an extended period may be necessary if inflation remains above the 2% target, suggesting a delay in potential rate cuts[27][29] - Following the downgrade of the U.S. credit rating by Fitch, Moody's also revised the outlook for U.S. credit from "stable" to "negative," highlighting ongoing economic challenges and liquidity threats in the banking sector[29] Sector Performance - The gaming education, automotive, and light consumer goods sectors showed slight activity, while utilities, coal, and shipping sectors experienced overall adjustments[6][18] - Despite the management's efforts to stabilize the market and boost investor confidence, the domestic market continues to face significant supply-demand imbalances, primarily driven by existing capital rather than new inflows[30] Investment Strategy - The report emphasizes the importance of monitoring the movements of the RMB exchange rate and market sentiment indicators to effectively navigate the current market conditions[30] - Investors are advised to adopt a high sell-low buy strategy while strictly controlling positions and selectively operating on individual stocks[30]