早盘直击 | 今日行情关注

Market Overview - The market has returned above 3600 points after a brief adjustment, maintaining an upward trend supported by the 20-day moving average [1] - The recent quick adjustment in late July did not alter the original upward trend, indicating a normal market rhythm of retreating and re-initiating [1] - The Shanghai Composite Index has officially broken through the high point of November 8, 2024, suggesting the end of the sideways movement since Q4 2024 [1] Future Outlook - There are multiple catalysts in various industries, leading to a more optimistic outlook for the market [2] - After breaking through 3500 points, two potential paths for the market are identified: continuing the upward trend or undergoing a consolidation phase before challenging the high of 3674 points [2] - Three conditions are necessary for a direct challenge to previous highs: fiscal stimulus policies being implemented, a continued easing of the global environment, and sustained volume growth [2] Sector Highlights - The technology sector is expected to gain momentum in August, driven by various catalysts [3] - The AI sector is anticipated to see thematic opportunities due to events like the AI conference showcasing new hotspots [3] - The upcoming World Robot Conference is expected to highlight the trend of robot localization and expansion into daily life, creating opportunities in related sectors [3] - The semiconductor industry continues to trend towards localization, with a focus on semiconductor equipment, wafer manufacturing, and IC design [3] - The military industry is expected to see a rebound in orders by 2025, with signs of recovery in various sub-sectors [3] - The innovative drug sector is entering a recovery phase after nearly four years of adjustment, with positive net profit growth expected to continue [3] Market Performance - The market experienced a broad-based rally with no sectors declining, indicating strong overall performance [4] - Leading sectors included banking, steel, media, telecommunications, and non-bank financials, while sectors like pharmaceuticals and retail lagged behind [5]