CITIC Securities research report pointed out that the market's expectations for the economy relative to the policy objectives there is a large room for upward revision, the external macro environment is more moderate, A-shares short-term by the investor mentality and capital behavior of the influence, desensitization to positive policy changes, the market clearing process is slow, as the adjustment is close to the extreme value area, the end of the year and the beginning of the year The inflection point of the market and confidence will be approaching, and actively grasp the market situation after the phased clearance of the selling order, and continue to increase the allocation of technology and pharmaceutical sectors through the market fluctuations at the low point of sentiment.