Securities brokers' analysis of the A-share strategy in November: Increased probability of style switching, balanced allocation is the best policy.

Since entering November, the A-share market has shown significant signs of style switching. On one hand, traditional value sectors such as banks and utilities have performed well; on the other hand, popular sectors like non-ferrous metals, new energy, and innovative pharmaceuticals, which were previously strong, have seen significantly increased volatility recently. In response to this, multiple securities firms have pointed out in research reports that there is a possibility of style rebalancing in the market. They believe that in a bull market environment with high market valuations, style switching often occurs at the end of the year, and they recommend a balanced allocation strategy for November, focusing on technology, cyclical, and some core asset industries.