Core Viewpoint - The A-share market has seen the Shanghai Composite Index briefly surpass the 4000-point mark for the first time in ten years, indicating a potential bullish trend similar to previous bull markets in 2007 and 2015, where significant gains followed the index crossing this threshold [1][3][7]. Market Performance - On October 28, the Shanghai Composite Index closed down 0.22%, while the Shenzhen Component Index and the ChiNext Index fell by 0.44% and 0.15%, respectively [1]. - Historical data shows that after the index first crossed 4000 points in 2007, it rose to a peak of 6124 points within five months, marking a 53% increase. In 2015, it reached a high of 5178 points within two months, reflecting a nearly 30% gain [4][5][7]. Sector Highlights - The market has experienced rapid rotation of hot sectors, with notable strength in the Fujian sector, military industry, controllable nuclear fusion concepts, and quantum technology [3][10][11]. - The Fujian sector has been particularly strong, with stocks like Pingtan Development achieving significant gains due to the launch of a new international flight route [10]. - The controllable nuclear fusion sector is gaining traction, with expectations for significant market growth in the coming decades [11]. Future Outlook - Analysts suggest that the current market conditions differ from previous bull markets due to various macroeconomic factors, including global monetary easing and China's economic transformation [8][9]. - The "transformation bull market" is expected to continue, driven by new financial policies and capital market reforms, with a focus on technology and innovation sectors [12][17]. - Key sectors to watch include technology, new materials, and financial stability, with recommendations for investment in TMT, renewable energy, and defense industries [12][16][18].