晨报｜僵持阶段看什么

Group 1 - The trade war is in a stalemate phase, making it difficult for unexpected stimulus or compromise agreements to occur, with China having more policy options and resilience compared to the US [1] - A-shares are crucial for boosting confidence during the trade war, and there is a strong commitment from the government to stabilize the capital market [1] - Investment strategies should focus on sectors like autonomous technology, domestic consumption, and stable dividend stocks that do not rely on short-term performance [1] Group 2 - The market is expected to rotate around the themes of domestic circulation and new technology, with a focus on low-risk preferences among investors [2] - The long-term impact of US tariffs on economic growth is still under evaluation, while domestic policies to support the real estate and stock markets are ongoing [2] - Key sectors to watch include domestic circulation, consumer electronics, and aerospace, as well as deep-sea economy themes [2] Group 3 - The impact of tariffs varies by import model, with traditional retail models facing pressure to reduce prices or shift supply chains, while brand manufacturers may absorb some tariff costs [3][4] - B2C operators may reduce costs in certain areas to mitigate tariff impacts, and some may shift to D2C models to enhance efficiency [4] Group 4 - Policies aimed at strengthening domestic circulation are being prioritized, with a focus on stimulating short-term demand while promoting long-term supply-side policies [5] - In real estate, measures are suggested to balance rising prices and pessimistic expectations, including increased monetary compensation for urban village renovations [5] - The manufacturing sector is expected to undergo reforms to optimize capacity and reduce competition, promoting high-quality development [5] Group 5 - The automotive sector is less exposed to US tariffs, with most companies having minimal direct export exposure to the US [6] - The industry is adapting by localizing supply chains in Mexico and enhancing production capabilities in the US [6] Group 6 - The pumped storage sector is entering a growth cycle due to improved electricity pricing mechanisms and increasing demand for power system regulation [7][8] - Investment in pumped storage projects is expected to rise, supported by favorable policies and market conditions [8] Group 7 - Service consumption is anticipated to grow, with a focus on the tourism industry, which shows resilience and potential for recovery [9] - The aviation sector is expected to see an increase in passenger volume, indicating a positive trend for related industries [9] Group 8 - The banking sector remains stable, with positive financial indicators and asset quality, making it an attractive investment option amid market volatility [10] - The sector is expected to benefit from its stable returns and significant market weight [10] Group 9 - The semiconductor industry is witnessing accelerated domestic substitution, with a focus on AI applications and new product developments [12] - The industry is expected to benefit from the ongoing trends in AI and robotics, with a strong emphasis on high-end breakthroughs [12] Group 10 - The photovoltaic supply chain is adapting to tariffs by increasing indirect exports through Southeast Asia, maintaining competitive advantages despite rising costs [13] - Companies are encouraged to diversify markets and enhance technology to mitigate risks associated with trade policies [13] Group 11 - OpenAI's release of new models enhances multi-modal reasoning capabilities, which is expected to unlock new applications in high-value sectors like research and programming [14] - The demand for AI computing power is anticipated to grow alongside advancements in multi-modal technologies [14]