Institutions predict that global equity markets will continue to exhibit high volatility in the short term, with limited downside space for A-shares

What market trends are reflected by the balanced positioning of AI and fund managers?

【Global Network Finance Comprehensive Report】Last week, geopolitical conflicts continued, coupled with the Federal Reserve’s announcement to keep interest rates unchanged. The A-share market came under pressure, with the three major indices diverging. Regarding the outlook for equity assets and gold, industry institutions believe that in the short term, global equity markets will continue to exhibit high volatility, but the downside for A-shares is relatively limited. The market is likely to digest external pressures through oscillation, differentiation, and structural rotation, with technology remaining the mid-term main theme; the non-ferrous metals sector still has solid support in the medium to long term, and gold and non-ferrous metals still have upside potential.

CITIC Securities released a research report stating that, faced with great uncertainty, the market has shown some short-term reduction in positions, with previously strong-performing assets experiencing recent declines. Overall, most performance-driven and narrative-driven market clues have seen returns essentially return to the starting line since the beginning of the year. The first three months can be viewed as a market rotation driven by expectations and narratives during the spring volatility and cooling period, not the key to the year’s success or failure. The broader rebound of PPI, price transmission, and the recovery of corporate profitability are the directions with both expectation differences and room for growth this year. The decision will depend on April.

Meanwhile, recent two-week public fund research data show that pharmaceutical and technology companies, represented by Blue Sail Medical and Hailianxun, have received visits from over 40 funds, making them the most closely watched research targets recently. While institutions are pursuing high-growth sectors with high prosperity, attention to low-valuation, stable assets like banks is quietly increasing, reflecting fund managers’ consensus on “quality sectors + performance certainty” and engaging in more balanced allocations.

Some fund managers also stated that after experiencing a four-year “cyclical winter,” the chemical industry is now at the start of a new cycle. The core logic lies in “cycle reversal,” with a focus on cost substitution, anti-inflation, and emerging demand sectors. Currently, the chemical sector has medium-term investment value and is a stage where investors can gradually allocate.