Index oscillates downward, sector rotation accelerates, many chips are being handed over during adjustments— this market recently has made many investors start to waver: Is the logic of a slow bull still valid?

How long will the adjustment last? Should I hold or attack my positions? Actually, market adjustments are never the end of risk, but a reshuffle of opportunities.

Understand the core logic behind the adjustment, find the right institutional layout direction, balance defense and offense, to seize subsequent certainty opportunities amid volatility. Today, I will thoroughly explain the opportunities and risks after the adjustment to help clarify your thinking and avoid confusion.

1. Do you still believe in a slow bull? The answer is: the foundation of the slow bull has never wavered

Currently, the most frustrating thing is doubting the slow bull: the index drops for a few days, and you think the bull market has ended. But judging market trends is never about single-day rises or falls; it’s about the core support logic— the three main foundations of the 2026 A-share slow bull have never loosened.

First, the basis of the triple bottom resonance still exists, with policy bottom, capital bottom already established, and profit bottom gradually forming. Monetary policy remains stable and moderately loose, with room for reserve ratio cuts and interest rate reductions; liquidity is reasonably ample;

Northbound funds have net inflows exceeding 80 billion yuan this year, with long-term funds like household savings transfers and insurance funds continuously entering the market, and incremental funds constantly coming in; corporate profits are gradually improving with economic recovery, and profit growth in upstream and downstream industries is warming.

Second, market valuation remains low, with core indices like CSI 300 and CSI 500 below the 30th percentile in history, showing clear advantages over overseas markets, with no risk of a comprehensive bubble.

Finally, policy focus is clear, with ongoing support for new productive forces, consumption recovery, digital economy, and other fields, providing a clear growth mainline for the market.

The current adjustment is just a normal shakeout during the slow bull phase, a consolidation after profit-taking in earlier stages, not a trend reversal. Instead of doubting the slow bull, it’s better to adapt to its rhythm— this round of market is a structural, slow bull with continuous, non-universal gains being the norm.

2. When will the adjustment end? Bottoming out around late April, turning point near the annual line

Regarding the timing of the adjustment, based on technical, capital, and performance perspectives, the answer is quite clear: this round of adjustment is likely to complete in late April, with the annual line area serving as an important bottoming turning point.

From a technical trend view, the market is in the final stage of volatility and bottoming, repeatedly testing the support of the annual moving average, which is normal. This process is both digesting previous trapped positions and building a short-term bearish trap.

From an earnings perspective, mid-April will see the concentrated disclosure of 2025 annual reports and 2026 first-quarter reports. The release of performance risks will be the last wave of adjustment, and stocks with better-than-expected earnings will be the first to attract capital back.

From a capital perspective, the market is not short of funds but in a wait-and-see state. Once earnings bottom is confirmed and external disturbances settle, northbound funds, public funds, and other incremental capital will re-enter, providing momentum for market stabilization and rebound.

Don’t get caught up in short-term bottoming pain; the volatility near the annual line is the golden zone for deploying quality targets. Patience until the signals of the turning point in late April is enough.

Opportunities are created by declines, risks by rises. Embracing quality main lines during adjustments and avoiding concept traps will help you grasp subsequent market moves.

Market adjustments are always a test of selecting quality targets. The foundation of the slow bull remains intact, the turning point is near, institutional directions are clear, and the remaining task is to balance offense and defense patiently, waiting for the market to warm up again.

Don’t panic during the bottoming process, nor be impatient during rebounds. Focus on fundamentals, target quality main lines, and balance defense and offense to stay steady and far-reaching in this slow bull phase.

So, how exactly can you grasp the market?

On the evening of April 1st at 7 PM, in the Breaking Bamboo live broadcast room, we specially invited the familiar Teacher Ren Shuibo to bring you:

Topic: Opportunities and Risks After Market Adjustment

1. Do you still believe in a slow bull?

2. When will the adjustment end?

3. What are institutions increasing their positions in?

4. Opportunities and risks in industries

5. How to coordinate defense and offense

Note: This article is based on publicly available information and the speaker’s outlined topics. It does not represent the speaker’s personal views and is not investment advice. Markets carry risks; decision-making should be cautious.