【策略周报】缩量修复之后，市场如何布局？

Key Points Summary Core Viewpoint - The article discusses recent economic events and market trends, highlighting the impact of U.S.-China relations on market sentiment and the performance of various asset classes. Group 1: Important Events Review - On November 26, the U.S. Department of Commerce released September retail sales data, showing a 0.2% increase, which is lower than the 0.6% increase in August. Excluding automobiles and gasoline, the increase was only 0.1% [2] - Chinese President Xi Jinping had a phone call with U.S. President Donald Trump, emphasizing the need for both sides to maintain a respectful and mutually beneficial relationship, aiming to expand cooperation and reduce issues [2] Group 2: Weekly Market Review - The bond market experienced a notable decline due to three main factors: a decrease in the attractiveness of credit bonds after prior valuation adjustments, a positive atmosphere from U.S.-China diplomatic talks leading to a stock market rebound, and new gold sales regulations potentially increasing market volatility [4][5] - The A-share market showed significant recovery after a previous adjustment, with a notable technical rebound driven by improved market sentiment from U.S.-China discussions. Alibaba's AI assistant "Qianwen" app achieved over 10 million downloads in its first week, boosting AI-related stocks [6] - U.S. stock markets showed signs of recovery, supported by dovish signals from Federal Reserve officials, with expectations for a rate cut in December. Amazon announced a $50 billion investment to expand its AWS cloud services for U.S. government clients, while Google's AI product Gemini gained traction, indicating strong commercial potential for AI technologies [7]