The tail-end market also needs to be watched; storage and robotics IPOs are catalyzing, so I'll sit this one out for now.

Crypto World News reports that Zhongtai Securities says the current market is either approaching or already in the phase from the 2025 “September 3 market” through mid-October. According to the characteristics of this phase, the Shanghai Composite Index still has the potential to challenge prior highs and even set new highs before mid-June; however, during this period, sector rotation will accelerate, the “money-making effect” will clearly weaken, and it is a typical “fish tail market.”

It is recommended to pay attention to:
1) In the technology sector, storage and robotics directions with a high degree of linkage to the industrial chains of IPO giants, benefiting from the catalysts of the concentrated IPO period in June.
2) New energy, batteries, and power equipment. The core logic is that in the first quarter, investments related to computing power shortages and electricity issues were mainly from the enterprise side and had not yet expanded in scale, falling short of expectations; but the global energy-security concerns triggered by the Iran situation will accelerate green power investment across countries, along with a significant rebound in market sentiment during the interim report season.
3) Non-ferrous metals, benefiting from global asset repricing as dollar credit weakens.