早盘直击｜今日行情关注

Core Viewpoint - The A-share market is experiencing a significant adjustment with over 4,300 stocks declining, while the banking sector shows resilience, indicating a shift towards defensive investment strategies focused on high dividends and low volatility [1] Group 1: Market Outlook - The Federal Reserve's recent decision to cut interest rates by 25 basis points aligns with market expectations, but the dot plot suggests only one rate cut in 2026, leading to cautious sentiment regarding future rate cuts [2] - As the year-end approaches, trading activity among market participants has decreased, resulting in a notable decline in A-share trading volume and a prevailing wait-and-see atmosphere [2] - Despite the recent market stagnation since October, conditions are in place for potential upward movement, with expectations of improved supply-demand dynamics in the manufacturing sector in mid to late 2026 [2] Group 2: Sector Focus - In December, sectors benefiting from dividends and price increases are expected to outperform, with short-term attention on banking, public utilities, coal, and non-ferrous metals [3] - Technology remains a key focus for 2026, with particular attention on AI, lithium batteries, military industry, and robotics, following a period of adjustment [3] - The trend of AI hardware continues to solidify, with increasing token usage in major AI models, indicating a peak in AI applications by 2026 [3] - The domestic production of robots is anticipated to grow, expanding from humanoid robots to quadrupedal and functional robots, creating opportunities in related sectors such as sensors and controllers [3] - The semiconductor industry is expected to continue its domestic growth, with a focus on semiconductor equipment, wafer manufacturing, materials, and IC design [3] - The military sector is projected to see a recovery in orders by 2026, with signs of bottoming out in the performance of various military 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 into 2026 [3]