Huatai Securities: Grasp two clues with relative certainty.

Huatai Securities research report points out that, from a mid-term perspective, the dumbbell strategy will still be effective. In the short term, the risks at the index level are controllable, and it may be appropriate to be moderately aggressive, to seize structural opportunities. It is advisable to take profit moderately for low-volatility dividends, increase allocation to sectors with strong policy support, relatively favorable business verification, TMT and domestic consumption with positive marginal catalysts. High visibility demand in the cloud computing chain is a key focus within TMT, while in domestic consumption, the focus is on Hong Kong-listed service consumption and A-share high cost-effective varieties with turnover and profit rate improvements, such as dairy products, condiments, etc.