"Holding stocks through the holiday" becomes the mainstream recommendation among institutions; technology remains the market's medium-term main line.

Last week, the A-share market overall showed a pattern of consolidation. This week has only three trading days, and as the long holiday approaches, "holding cash for the holiday" versus "holding stocks for the holiday" has once again become the focus of investor discussion. In this regard, brokerage strategy outlook reports believe that before the long holiday arrives, the market often enters a state of low-volume consolidation, and after the holiday, as funds flow back, the turnover center is expected to rise. Reviewing historical experience, the A-share market has shown a certain "National Day holiday effect," with the phenomenon of positioning before the holiday and a rebound after the holiday. Therefore, most institutions lean toward "holding stocks for the holiday." In terms of specific allocation, institutions remain closely focused on fundamental changes in the AI industry, believing that: on the one hand, the technology sector remains a medium-term allocation mainline, and once market enthusiasm recovers later, the catch-up rally in the technology sector is often the most pronounced; on the other hand, directions with low valuations, high dividends, and strong certainty of cash flow can be used to smooth portfolio volatility.