CITIC Securities: Following the Fed's interest rate cut, the "fifteen-five" is expected to become the focus of market attention in the next stage.

CICC's research report stated that after the Fed interest rate cut, the "15th Five-Year Plan" is expected to become the focus of the next stage of the market, with important contents including addressing internal competition, promoting service consumption, boosting domestic demand, and upgrading industries. It was noted that the overall market sentiment remains at a high level, with no obvious topping out or downward trend. The index is also trading at high levels within a narrow range, but individual stocks and sectors are experiencing greater volatility. In terms of strategy, the risks in high-priced sectors have increased, and it is recommended to focus on individual stocks rather than the index. It is suggested to look for opportunities in low-priced sectors and focus on stocks related to the concept of "resisting adjustment". Key industries to focus on include humanoid robots, AI, pig farming, new energy, new consumption, innovative drugs, non-ferrous metals, basic chemicals, and non-banking financial institutions.