"A-share opening express | ChiNext Index rose by 0.74% Cultivate diamond, storage chips, semiconductor, optical fiber and other sectors showing active performance"

On July 15th, the three major A-share indexes opened with mixed gains and losses, with the Shanghai Composite Index down 0.09% and the Growth Enterprise Market Index up 0.74%. On the market, sectors such as diamond cultivation, storage chips, semiconductors, and optical fibers performed actively, while sectors such as oil and gas, traditional Chinese medicine, and liquor led the declines. Institutional Outlook: CMSC: July is a window for important domestic and international policy meetings intertwined with mid-year reports. Market expectations are facing corrections and fluctuations. CMSC believes that July is a window for important domestic and international policy meetings intertwined with mid-year reports. Market expectations are facing corrections and fluctuations, leading to increased short-term market volatility and sector rebalancing. However, it is not yet the time for a shift from growth to value. After the volatility, growth is expected to regain dominance. Specifically: 1. Mid-year performance window: The AI-led technology sector is expected to see high growth in performance. However, due to high trading expectations and overcrowding, the strong reality may not necessarily surpass strong expectations, leading to increased volatility in the technology growth sector. 2. Strong exports continue, with the new export orders index of June PMI rising to above 50. Exports are expected to continue to exceed expectations. In this scenario, the July political meeting is likely to focus on accelerating the implementation of previous policies, with domestic demand continuing to weaken. 3. Weakening US non-farm data in June, along with falling oil prices, are expected to lead to a decrease in future inflation data. Market expectations for Fed rate hikes have room for correction, with the Fed likely to hold steady in July. Short-term focus will be on June inflation data from the US in mid-July and Powell's testimony in the Senate, which will be factors influencing future rate hike expectations. Orient: The short-term market low point area has been basically identified, and stocks are expected to gradually stabilize and rebound opportunistically. Orient believes that several PCB industry chain companies have recently announced profit increases. The rapid development of AI requires high computing power, driving the demand for PCB growth. High-frequency PCBs are expected to become mainstream in the future, reshaping the demand for related materials in the PCB industry chain. In the short term, this will become a core anchor point for funds. Overall, we believe that the short-term market low point area has been identified, and stocks are expected to gradually stabilize and rebound opportunistically. Sectors with strong prosperity and growth certainty will be the strong performers in the short term. Founder: Recent adjustments are not due to fundamental reasons, focus on 3 directions for the future. Founder believes that there is support near the annual line, and the global technology sector has some interactivity. The recent market adjustments are not due to significant changes in fundamentals, but rather the influence of market sentiment and fund factors. It is important to be patient and wait for sentiment to stabilize. Technology remains the main theme in the market, and opportunities for positioning are still present after the adjustment. Focus on hardware and domestic computing power, as well as the rotation of innovative drugs and securities. This article is reprinted from "Tencent Self-selected Stocks", edited by Xuwq for GMTEight.