Market sentiment is picking up, focusing on the technology sector. Affected by the sharp decline in peripheral U.S. stocks, the A** market opened low by inertia on Thursday, and the Shanghai Composite Index once fell below 2,900 points. But then, ** funds entered, the index ** rose, the market sentiment picked up, most of the major indices in Shanghai and Shenzhen turned red, and the market turnover was 75508.6 billion yuan, with a significant increase in turnover. The market is showing signs of bottoming out and stabilizing, and it can be appropriately optimistic in the short term.
From the perspective of the index position, referring to the bottom structure of previous A-shares, there needs to be a transition period due to the switch of investor sentiment and the change of market expectationsThe market is usually not immediately V-shaped**, most of them will enter a period of low adjustment ** period. From the perspective of market style, structural differentiation is still the main feature of A-shares: on the one hand, the economic recovery rate is slowThe policy is not liftedThe blue-chip sector represented by the SSE 50 and CSI 300 has certain uncertainty in terms of performance, capital and expectations, and the short-term trend of the blue-chip sector is still uncertain. On the other hand, with the acceleration of the trend of the artificial intelligence industry, the continuous introduction of policies for self-reliance and self-improvement in science and technology, and the continuous activity of the performance of floating capital, technology investment and thematic investment represented by the TMT sector will still be the main direction of the market in the coming period.
A number of state-owned banks will cut their deposit rates on December 22. We believe that small and medium-sized banks may also follow suit in the future, but the time point may be after the year, or not as large as large banks. According to our calculations, the deposit interest rate cut will reduce the average deposit cost of commercial banks by about 3-5bps, which will help alleviate the pressure on banks' net interest marginsThe probability of a reduction in LPR** has also increased.
Compared with the human tactile perception system, humanoid robots can also have a sense of touch. A tactile sensor is essentially a sensor based on the electrical or mechanical properties of a material that is capable of sensing changes in touch on the surface of an object. According to its principle of action, it can be divided into piezoresistive, capacitive, piezoelectric and so on, among which anti-interference ability and accuracy are the core elements of measuring tactile sensors.
Tesla's release of Optimus-Gen2 is that it is equipped with tactile sensors on each fingertip to achieve powerful control, perception and grasping capabilities of objects. Combined with relevant assumptions, according to our calculations, when the mass production of Tesla Optimus reaches 10 50 1 million units, the value of a single bot of the tactile sensor of the dexterous hand part is 3 72/9.60,000 yuan;The corresponding market size is 30 36 0 96 billion yuan. At the same time, taking into account the needs of the future robot ontology electronics, the total area of the reference adult is 18 square meters, and the unit price of the Flexi Force series A101 flexible piezoresistive tactile sensor from overseas flexible sensor manufacturer Tekscan (429 US dollars about 1 square centimeter), the value of a single bot of tactile sensors is expected to be further increased.
The PV sector does not have the conditions for a medium-term inflection point, it is expected that the persistence is not strong, and the cautious participation;The double festival peak season is approaching, continue to pay attention to the recovery expectations of low-level consumption sectors such as catering, food and beverage, textiles and clothing, tourism and hotels;The important tasks of the state-owned enterprise reform, free trade zone, cross-border e-commerce and other blockbuster conferences are implementing relevant policies, and you can pay attention to the relevant public opinion catalysis.
In retrospect, when the industrial cycle of emerging industries is on the upswing, public offerings tend to continue to increase (usually for more than 1 year), and the rolling historical quantile of the allocation coefficient measures the effectiveness of chip crowding. Quantitatively, during the "singularity" period of global smartphones and TWS, the high points of the public offering allocation coefficient of consumer electronics were 24x、3.5x；During the "singularity" period of domestic mobile mobile games, the configuration coefficient was at a high point of 33x；During the domestic LED "singularity" period, the configuration coefficient is at a high point of 54x；During the "singularity" period of domestic new energy vehicles, the power battery configuration coefficient is at a high point of 32x。The overall operating interval of the "singularity" period is 24x-5.4x, pivot about 33x。3Q23, intelligent driving configuration coefficient 14x。In terms of links, in 3Q23, the configuration coefficient of sensors, vision equipment, high-speed connectors, domain control, air suspension, and Internet of Vehicles equipment has increased month-on-month.