On April 13th, CITIC Securities Research Report stated that overall, it is recommended to focus on the constraints faced by Trump rather than speculate on his intentions, using the US economy and US Treasury rates as key variables to predict the direction and pace of the trade war. Under various constraints, it is expected that the probability of the Sino US economic and trade conflict spreading to the financial sector before the US midterm elections is low; It is expected that the domestic policy response in April will mainly focus on prevention and pilot projects, and the policy scale will be expanded in the middle of the year. With the firm determination of central Huijin and other entities to stabilize the market, the short-term “chip bottom” of A-shares has been seen. From April to May, trading opportunities in technology themed markets may be the main focus, while fundamental expectations may stabilize in the third quarter. At that time, core assets in consumption, advanced manufacturing, and cycles will clearly dominate, marking the most important style switch since 2021.
Scan code to share