How to Navigate Rapidly Rotating Market Conditions

CITIC Securities stated that during phases of rapid market rotation, most winners follow "low-valuation" strategies. As trade frictions enter a high-frequency period, the impact of exchange gains and losses is also amplifying, constraining the breadth of the market. Breaking the deadlock requires new developments. Recent AI advancements have reinforced the existing trend of rapidly growing computing power demand, but they are insufficient to alter the long-term commercialization narrative. If potential new changes, such as RSI or anti-distillation, emerge subsequently, they could open up room for long-term valuation expansion.