Although there were no major news explosions over the weekend market, the activity on the thematic side is not low, and the overall capital sentiment is positive. In the current situation, the switching opportunities between high-position consolidation and mid-low position supplementary rise are worth following.

**Main Line Trajectory Sorting**

From a structural perspective, commercial space and consumer ecology are the dual main lines, while the technology sector and low-position assets are brewing rotational opportunities.

**1. Space Industry: Event-Intensive Catalysis, New Carriers Expected to Rise**

This sector has been operating at a high level for four consecutive weeks, and new catalysts are coming in succession this weekend.

On the event level, the "National Machine Aerospace Forum" will be held in Hainan from December 21 to 23, and the market expects that new industrial policies or cooperation projects may emerge.

The overseas side is equally lively. The United States has just announced the procurement of 72 missile early warning satellites from 4 companies, with an order amount of $3.5 billion, setting a record for the largest single order for low Earth orbit constellations. At the same time, SpaceX's IPO progress is also heating up, with Morgan Stanley as the lead underwriter, and the interest is only increasing.

Why is the market so optimistic? The reason is that the space industry has two key attributes: one is the potential for industrial imagination (trillion-level), and the other is the underpinning of national security. Recent orders are gradually being fulfilled, ensuring sustainability in the medium term.

From an operational perspective, there are two paths to take: one is to identify stocks with medium to high recognition, but attention must be paid to the risks of switching carriers during the trading session; the other is to look for low-position new logical rebound varieties, especially those with new orders or technical breakthroughs, which present more opportunities.

**2. Consumption Track: New Stories Emerge, "Emotional Economy" Takes Over**

The consumer sector has been rising steadily under the triple driving forces of "low levels + policy expectations + new themes".

The evolution of themes is very interesting—last week we were discussing "reward economy," and over the weekend, "emotion economy" took over. Subfields like pets and trendy collectible cards have become new hotspots, reflecting the upgraded demand of young people for companionship and emotional resonance.

From the perspective of sector logic, consumption-related indices have undergone five years of adjustment, and policy measures to promote consumption are expected to continue. The current position has substantial recovery elasticity. In the short term, it is mainly a game of expectations, with a focus on observing the service consumption segment.

The rhythm should be treated differently: short-term investments should focus on active thematic varieties, while long-term investments need to wait for substantial improvements in the fundamentals of traditional consumption before making performance-based allocations.

**3. Technology Line: Multi-domain Catalysis Convergence, AI Computing Power Restoration is Imminent**

There are quite a few technology-related signals over the weekend, which may provide support for the relevant sectors.

The impact of the US stock market is明显. Last Friday, Nvidia rose nearly 4%, and Oracle rose 6.6%, which is expected to drive the sentiment recovery in the A-share hardcore AI computing power sector.

The robotics field also has its highlights, as Yushu Robotics performed a highly difficult somersault at the concert, earning praise from Musk, which in turn raised the sector's attention.

There is also new progress in domestic computing power: Moore Threads has released a new generation GPU architecture with significant improvements in energy efficiency; breakthrough news has also emerged regarding optical computing chips.

The technology sector is currently in a phase of fluctuation and rotation, focusing on those segments that have actual orders or technological progress to support them.

**IV. Low Position Sectors: Rotational Opportunities Worth Observing**

AI healthcare, autonomous driving and other sectors performed well last week, but the strength of the sectors was limited. However, in a market environment with warming sentiment, once high-priced stocks show divergence, funds may flow towards these low-priced directions that have logical support. Whether these individual stocks can increase in volume and strength is worth continuous observation.

**V. Overseas Market Review**

Last Friday, the three major U.S. stock indices closed higher collectively: the Dow rose 0.38%, the Nasdaq rose 1.31%, and the S&P 500 index rose 0.88%. Large tech stocks broadly increased, with NVIDIA rising nearly 4% and Broadcom rising over 3%.

Cryptocurrency mining companies, semiconductors, metals, and mining sectors have seen significant rises, with American gold companies up over 11%, Hut 8 up over 14%, Century Aluminum up over 7%, and Micron Technology, AMD, Circle, and others all up over 6%.

The A50 futures index closed up 0.17% in the continuous night session; the Nasdaq Golden Dragon China Index rose 0.86%, with most popular Chinese concept stocks increasing.

**6. Market Sentiment and Rhythm Control**

Last week, some high-priced stocks plunged in the late trading session, and regulatory scrutiny has increased, but the market did not panic, indicating that the overall sentiment remains optimistic. It is expected that even if high-priced chips loosen this week, mid- to low-priced stocks still have room for a rebound, and the key is to grasp the rhythm of switching between high and low.

**Summary**

The current market is in an active thematic phase, with space and consumption as the dual main lines, while technology and low-position sectors are in a stage of accumulation and rotation. The strategy can adopt a dual approach of "mid-to-high cap consolidation + low-position supplementary rise", while paying attention to the risks when high-position volatility increases, and grasping the rhythm of sector rotation.