十大券商：新一轮上行动能正在蓄势，10月市场中枢有望再上台阶！

Core Viewpoint - The article discusses the current state and future outlook of the A-share market, emphasizing the potential for a bullish trend driven by liquidity and policy expectations, with a focus on technology and resource sectors as key investment areas [3][4][6][7]. Group 1: Market Outlook - Most brokerages predict that investor sentiment will lean towards risk aversion before the holiday, but will likely shift to a more positive outlook post-holiday as policies and fundamentals become clearer [3][6][7]. - The current market is in the second phase of an upward trend, with liquidity easing and favorable policy expectations driving the market [3][7]. - A significant rebound in the market is anticipated in October, with many sectors showing reduced congestion, allowing for new upward momentum [11][12]. Group 2: Investment Strategies - The technology sector remains a favored investment direction, with many brokerages recommending a balanced allocation between new technology and cyclical stocks [5][13]. - Key areas for investment include semiconductor supply chains, chemical industries, and consumer sectors, particularly those benefiting from domestic demand recovery [8][9][10][14]. - The article highlights the importance of focusing on sectors with strong earnings support and growth potential, such as AI, renewable energy, and innovative pharmaceuticals [14][15][17]. Group 3: Economic Indicators - Recent economic data suggests that the effects of "anti-involution" policies are becoming evident, which could improve the economic fundamentals and support market recovery [8][9]. - The global economic environment, particularly the easing of high-interest rates in the U.S. and Europe, is expected to bolster demand and investment in various sectors [14][16]. - The upcoming third-quarter earnings reports are anticipated to provide critical insights and drive market sentiment [11][12].