Core Viewpoint - CITIC Securities suggests that the short-term "chip bottom" of A-shares has been reached, with a focus on technology-themed trading opportunities from April to May [1] Group 1: Economic and Market Outlook - The report emphasizes the importance of focusing on the constraints faced by Trump rather than speculating on his intentions, with U.S. economic conditions and bond rates being key variables for predicting the trade war's trajectory [1] - It is anticipated that the probability of the U.S.-China economic and trade conflicts spreading into the financial sector before the U.S. midterm elections is low [1] Group 2: Policy and Market Strategy - In April, domestic policy responses are expected to focus on prevention and pilot programs, with a larger scale of policy expansion anticipated by mid-year [1] - The report highlights the strong commitment from entities like Central Huijin to stabilize the market, indicating that the short-term "chip bottom" for A-shares has been observed [1] Group 3: Investment Opportunities - From April to May, trading opportunities are likely to be centered around technology themes, while fundamental expectations are projected to stabilize by the third quarter [1] - Core assets in consumption, advanced manufacturing, and cyclical sectors are expected to outperform, marking a significant style shift since 2021 [1]