Open source securities: Risks are gradually being released, looking for new technology leads

Open Source Securities noted in its latest research report that this week the market went through a round of adjustment. Although there was a major rebound in technology on Thursday, the market fell again on Friday, and volatility increased significantly. This round of adjustment is not the end of the technology trend; rather, it reflects the concentrated release of short-term risks in a high-growth, high-valuation, and highly crowded environment, as the market tries to digest valuations and crowded positioning. Looking ahead, technology will remain the main line. This adjustment is intended to enable a healthier fresh start. At present, technology is still the most attractive direction, with the marginal improvement in fundamentals continuing. Among many sectors, the technology sectors represented by the Sci-Tech Innovation Board and the ChiNext Board still have relatively strong relative performance advantages, with relatively scarce favorable conditions. After the period of phased rebalancing ends, the market will once again look for the next set of directions that can absorb risk appetite while also delivering marginal improvements in fundamentals—that is, a renewed selection of technology. (First Finance)
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