CITIC Securities Observes Shift in ETF Market Dynamics

CITIC Securities has noted the conclusion of a recent trend of ETF redemptions, indicating a recovery phase characterized by a shift from small-cap to large-cap stocks and from thematic to quality stocks. According to NS3.AI, the nomination of Waller as the Federal Reserve Chair is perceived as a shift in U.S. policy from virtual to real economic priorities, which is anticipated to significantly impact global risk asset styles. The report advises investors to concentrate on industries with robust pricing power and recovering profit margins, while remaining cautious about the speculative precious metals sector.