Huaxi Securities pointed out that as far as the stock market is concerned, when technology rotation is lacking, attention is paid to the logic of cutting high and low in the consumer sector. Entering December, the market's willingness to pursue high technology declined, and capital was still trying to break through. In this case, high-cut logic is expected to attract attention. Judging from the November economic data, consumption growth is slowing down. Considering that the Central Economic Work Conference listed “adhering to domestic demand leadership” as the top priority task in 2026, the market may increase the expectation that gaming policies will increase. Meanwhile, the dividend sector began to be adjusted on November 14, with a cumulative decline of 5.95% up to today. Judging from historical experience since 924, the potential decline may be limited. The new energy logic is relatively solid, but it has not been significantly repaired after the sharp drop on November 21. It is also a direction worth paying attention to.

Huaxi Securities pointed out that as far as the stock market is concerned, when technology rotation is lacking, attention is paid to the logic of cutting high and low in the consumer sector. Entering December, the market's willingness to pursue high technology declined, and capital was still trying to break through. In this case, high-cut logic is expected to attract attention. Judging from the November economic data, consumption growth is slowing down. Considering that the Central Economic Work Conference listed “adhering to domestic demand leadership” as the top priority task in 2026, the market may increase the expectation that gaming policies will increase. Meanwhile, the dividend sector began to be adjusted on November 14, with a cumulative decline of 5.95% up to today. Judging from historical experience since 924, the potential decline may be limited. The new energy logic is relatively solid, but it has not been significantly repaired after the sharp drop on November 21. It is also a direction worth paying attention to.