The bottom of the market is still being explored, but not for long
The A-share market has continued to fall recently, and the blue chips of the broader market have sharply compensated for their declines. On Friday, the three major indexes all hit new lows for the year, and northbound funds sold a net 1.646 billion yuan throughout the day. Market sentiment is panicked, but bottoms are often bred in panic. In the absence of incremental funds in the market, the A-share bottoming time may take longer than expected. After the short-term risk is fully released, the market is expected to usher in allocation opportunities. It can pay attention to investment opportunities in the direction of high-quality development, safety, and people's livelihood, among which, in terms of high-quality development, we can pay attention to semiconductors, high-end machine tools, etc.; In terms of security, attention can be paid to the military industry that benefits from military security expenditures, information innovation that benefits from information security expenditures, and agriculture and compulsory consumption that are food security expenditures; In terms of people's livelihood, focus on medicine and mandatory consumption. The three quarters report as the preferred standard, which can focus on allocation from the perspective of growth.
