沪指年内新高！“7月翻身”来了？公募最新解读

Core Viewpoint - The A-share market is experiencing a rebound driven primarily by emotional factors, with a potential for a central upward oscillation in the short term [3][4]. Market Dynamics - The recent market rebound is attributed to a decrease in market volatility, leading to a release of emotions and an increase in risk appetite, although it lacks significant macroeconomic and industry fundamental catalysts [3]. - Major bank stocks have reached new highs, supported by improving financial policies and expectations of better asset quality, as indicated by declining non-performing loan ratios [3][4]. Historical Context - The "Seven Reversal" phenomenon is historically driven by a combination of capital, policy, and emotional factors, with July typically seeing improved liquidity and market sentiment following a tighter June [5]. - The upcoming Central Political Bureau meeting in July is expected to provide key signals for economic policy direction, which could further boost market sentiment [5]. Structural Opportunities - Current market conditions present structural investment opportunities, particularly in technology growth and high-dividend strategies [7]. - Investment focus areas include new technologies and demands across various sectors, such as solid-state batteries, nuclear fusion, digital currencies, and AI applications in healthcare [7][8]. Sector-Specific Insights - The AI sector is noted for its closed-loop development, enhancing commercial viability and application potential, with both domestic and international computing power chains being areas of interest [8]. - Mid-term outlook remains positive for the domestic economy and growth industries, with a focus on AI applications, semiconductor supply chains, and pharmaceuticals as key investment opportunities [8].