【基金经理内参】二月市场逻辑切换：布局“蓝筹修复”与“产业主题”；有色巨震，别急着抄底，等到波动率降下来

Group 1 - The market logic in February is shifting towards "blue-chip recovery" and "industrial themes" [2] - Three main lines to grasp this year's market include theme leadership, sustained prosperity, and blue-chip recovery [2] - The volatility in the metals sector is significant; caution is advised before bottom-fishing until volatility decreases [2] Group 2 - The bull market in metals has not ended; focus on "production attributes" and avoid "monetary attributes" [2] - Channel reforms are showing initial results, with Moutai prices returning to a rational range, but a major rebound in the liquor sector is still premature [2]