News summary

The A-share market is expected to fluctuate in the short termtalkingnewsscratch, there are significant structural opportunities, especially in the manufacturing and consumption sectors. Pay attention to overseas economic and geopolitical uncertainties, as well as potential changes in the Federal Reserve's monetary policy.

Newsletter text

[Structural opportunities in the A-share market may dominate] Recently, the cooling of policy regulation expectations has made the A-share market expected to continue structural trading opportunities in the short term.

[Trading popularity in the AI sector has dropped] Since April, the trading activity of the AI sector has dropped significantly. The current trading congestion is at a historically low level, about 36% of the quantile, indicating that investors 'pursuit of certain trading opportunities has weakened.

[Bonus trading remains popular] At the same time, trading congestion in the dividend sector is still as high as 85% quantile, remaining at a high level, which may arouse investors 'vigilance about the possible correction risks caused by overcrowded trading.

[Market shocks are expected mainly] From the overall trend, in the absence of significant incremental policies, the A-share market is expected to mainly maintain a volatile pattern, among which core assets in the manufacturing and consumer sinking fields with incremental potential may have greater room for valuation repair.

[External Uncertainty Risk Warning] Market participants also need to pay attention to overseas economic and geopolitical uncertainties, which may have unforeseen impacts on companies 'overseas plans. In addition, if inflationary pressures in the United States continue to increase, the Federal Reserve's decision to cut interest rates may be further postponed.