盘面上，军工装备板块大幅上涨，长城军工涨停，江龙船艇、北方长龙、晟楠科技等纷纷跟涨;水产板 块活跃，国联水产20%涨停，大湖股份、中水渔业等涨停;锂电板块再度走高，能源金属方向活跃，盛 新锂能涨停，融捷股份、天齐锂业、赣锋锂业跟涨;存储芯片板块震荡上扬，佰维存储涨超10%，普冉 股份、神工股份跟涨。 11月17日，三大指数弱势震荡，截至9：43，上证指数跌0.4%，深证成指涨0.16%，创业板指涨0.18%。 焦点个股方面，宁德时代跌超4%，公司重要股东、联合创始人黄世霖因自身资金需求，拟通过询价转 让方式出让公司4563.24万股股份，占公司总股本的1%。 跌幅方面，贵金属、医药商业、机场航运等板块跌幅居前。 展望后市，华安证券认为，市场内部扩散降温、高切低现象继续突出，这种情况预计仍将持续到中央经 济工作会议的预期交易前。短期轮动增多加快、但难以把握节奏，AI产业主线调整反而提供更好布局 良机。此外有业绩支撑领域也可重视，包括储能/电池。 热门板块 1、军工装备板块走强 军工装备板块走强，长城军工涨停，江龙船艇、北方长龙等纷纷大涨。 点评：消息面上，外交部、文旅部、教育部等多部门重要提醒，近期避免前往日本 ...

Core Insights - Economic and financial data show marginal weakening, with internal policy support expectations rising, but the probability of new incremental policies being introduced near year-end is low, leading to continued high-level fluctuations in the market [3][4] - The AI industry adjustment provides better layout opportunities, while sectors with earnings support such as energy storage/batteries, military industry, storage, and engineering machinery should also be emphasized [3][6] Market Perspective - October macroeconomic data continues to show marginal slowdown, with investment declining rapidly and consumption growth remaining low. The GDP growth rate for October is estimated at around 4.6%, which is a marginal decline from the second quarter [4][13] - The third-quarter monetary policy execution report indicates an increased probability of monetary policy easing to support the economy, with a shift in focus towards interest rates rather than quantity [5][22] Industry Allocation - The market has entered a high-level fluctuation phase since early October, with significant increases in industry rotation intensity. Consumption sectors have shown strong performance recently, while resource sectors led the previous week [6][29] - Low valuation and stagnant sectors such as non-banking, food and beverage, agriculture, public utilities, and home appliances are expected to see short-term rebound opportunities [6][30] Financial Data Analysis - Fixed asset investment in October showed a cumulative year-on-year decline of 1.7%, with manufacturing investment growth at 2.7%, and real estate investment down by 14.7% [16][19] - The real estate sector continues to show a downward trend, with property investment in October down 23% year-on-year, indicating significant cash flow pressure on real estate companies [19][20] Future Outlook - The AI industry remains a key focus for investment, with specific attention on computing power and application sectors. The third-quarter reports continue to validate the relative performance advantages of growth styles [38][40] - Sectors with strong earnings support, including energy storage, military, storage, and engineering machinery, are also highlighted as promising areas for investment [40]