Yuenlesheng believes that after the market contraction adjustment, the market has continued to rise last week. The GEM leads the market, and the GEM index has risen by 10% this month. Heavyweight brokerage firms only led the market to rise, while other sectors showed weaker performance. This week, the theme of market speculation is better, and the overall capacity of the Kechuang Sector is larger, and the theme is better sustained. From this week's market point of view, the market panic mood has improved. Stocks have rebounded in varying degrees after several consecutive months of decline. Recently, the theme speculation in the market is more popular, focusing on the rebound of oversold stocks.

Hong Shang Assets said that with the alleviation of on-the-spot stock pledge leverage, improvement of macro liquidity environment and frequent policy benefits, especially the direct investment of bank financial subsidiaries and private equity funds in A shares, and the increase of the proportion of long-term funds such as insurance entering the market, the positive support for the risk premium level of A shares will gradually increase. Apparently, the level of market valuation is expected to continue to be repaired, A shares have been out of the influence of U.S. stocks for several trading days, out of the independent market. In terms of allocation, it is suggested to focus on some leading companies with reasonable valuation that have fallen excessively before, and on some leading companies in high-prosperity industries whose valuation has been adjusted to a reasonable position, which may benefit from the relaxation of macro-policy in the future, leading the early-cycle sector of economic fundamentals warming up.

Tianli Xinhe Investment said that when financial data were released in October this week, the growth rate of social financing scale, new loans and M2 was lower than market expectations, but the market still came out of the independent rebound market, trading volume was gradually enlarged, market sentiment was warming up, confidence was restored after a long-term decline, extremely low valuation and future decline. Tax, interest rate cuts and reforms are expected to push the market into a medium term rebound.

Junmao Capital observed that in recent years, a number of major international institutions have also issued intensive reports, emphasizing the security and profitability of emerging markets, especially the A-share market. Recently, the sentiment of A-share market has gradually warmed up, especially the active conceptual plate in the market, which is a very positive signal in the process of building the bottom of the bear market. At the same time, current market expectations of some key issues in the future are becoming more and more consistent, such as the bottom of earnings will appear in the second quarter of next year, there will be a confirmation of the bottom of the market after the end of the policy, and so on. Such strong and consistent expectations may make the market bottom reverse faster and stronger. Therefore, Junmao Capital believes that at this stage, we should select industries with long-term investment logic, as well as stocks that were obviously killed by the market in the early stage, carry out a proactive layout, and give consideration to both security and profitability in operation.

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