华西证券指出，基建板块的中长期逻辑，难以支撑短期快涨行情。若本轮基建再度加速过快，仍然需要 警惕大幅回撤的可能。值得注意的是，彼时基建行情波动后，资金转移至科技板块，且当前科技板块热 度退坡&产业叙事强化的矛盾仍然存在，或许能够为本轮基建行情波动后的市场方向提供参考。 ...

Group 1 - The long-term logic of the infrastructure sector is insufficient to support a short-term rapid increase in market performance [1] - If the current round of infrastructure accelerates too quickly, there is a need to be cautious of a significant pullback [1] - After fluctuations in the infrastructure market, funds tend to shift to the technology sector, indicating a potential market direction reference after the current infrastructure volatility [1] Group 2 - The technology sector is currently experiencing a decline in enthusiasm, which contrasts with the strengthening of industrial narratives [1]