Institutional rationality views structural switching as anchoring investment in economic recovery and transformation.

Recently, the market is waiting for a new main theme while fully interpreting the structural market. For institutional investors, they are currently facing a choice: the market's rotation characteristics are still significant, and waiting and adjusting the positions face equal challenges, but the returns brought by correct decisions are so attractive. Some people are still holding on, while many have already taken action, cutting high and selling low, or trying a different path. From the perspective of institutions' focus, hot directions such as computing power, solid-state batteries, and innovative drugs are repeatedly mentioned, cycles and consumption are also relatively focused on, but it is not easy to truly reap rewards, choosing the right direction, the right target, and precise trading may become the "winning move" for institutional investors in the next phase.