Huaxi Securities: The medium and long-term logic of the infrastructure sector is difficult to support the short-term rapid rise in the market.

Huaxi Securities pointed out that the medium to long-term logic of the infrastructure sector may not be able to support a short-term rapid rise in the market. If the current round of infrastructure accelerates too quickly again, we still need to be alert to the possibility of a significant retracement. It is worth noting that after the volatility in the infrastructure sector at that time, funds shifted to the technology sector, and the contradiction between the cooling of the current technology sector and the strengthening of the industrial narrative still exists, which may provide a reference for the market direction after the volatility in the current round of infrastructure.