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CITIC Securities: Two factors are expected to catalyze the recovery of some non-AI sectors with performance support.

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CoinWorld News reports that a research note from CITIC Securities believes that K-shaped divergence has been strengthened by narratives, and it is normal for it to experience fluctuations and convergence recently due to narrative swings. In the past week, two sets of marginal changes in narratives occurred intensively. One is related to the assumption of the global monetary environment: the market has begun to more comprehensively examine the Federal Reserve’s policy orientation, no longer presupposing a hawkish rate-hike path. The narrative of tightening and a strong U.S. dollar has swung back, and negative sentiment in non-AI sectors has been repaired. The other is related to AI’s industry trend: a news item about META sparked huge controversy, reflecting that the market currently has little tolerance for any negative information about the AI industry, and also reflecting that downstream sectors currently need more diverse business monetization models to support more aggressive expectations for upstream investment. In addition, CITIC Securities expects that the outflow pressure on broad-based ETFs in the A-share market will be significantly alleviated, which is the most important marginal change at the market-liquidity level. With the correction of the rate-hike narrative combined with marginal changes in market liquidity, it is expected to catalyze the recovery of some non-AI sectors that have earnings support.
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GateUser-46c777d0
· 4h ago
CITIC Securities' research report is quite interesting. The K-shaped divergence is narrative-driven, and now that the Federal Reserve's narrative has shifted, non-AI sectors can finally catch a break.
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L2AlleyRunner
· 4h ago
Broad-based ETF outflow pressure eases, and the interest-rate hike narrative is corrected—sectors that have solid performance are about to enter a recovery window; waiting for it.
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GasFeeGambit
· 5h ago
The point about low tolerance for negative AI news is very real; downstream monetization can't keep up, and the upstream cash-burning game won't last long.
View OriginalReply0

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