On August 31, a research report from CITIC Construction Investment highlighted that, while sentiment in the A-share market has warmed up due to the rebound in overseas markets, the internal capital environment is still experiencing a process of rebalancing. The market recovery is proceeding at a steady pace, with the market bottom gradually solidifying. In international markets, the Federal Reserve has maintained a cautious and slightly hawkish stance, reaffirming its commitment to a 2% inflation target. This stance exerts short-term pressure on global risk assets. Nevertheless, the Federal Reserve also suggested that stabilizing long-term interest rates and flattening the yield curve would help ease concerns over excessively tight financial conditions. Nvidia's financial performance significantly surpassed expectations, underscoring the resilience of AI capital expenditures and the demand for computing power, thereby bolstering the medium- to long-term fundamentals of the technology sector. When it comes to investment allocation, it is advisable to bolster the portfolio's resilience to market volatility by adopting a 'rebalancing' approach. This involves maintaining positions in high-growth sectors while also diversifying into defensive assets and underperforming stocks that are primed for a rebound. Investors should seek out investment opportunities in areas marked by 'low valuation + limited institutional allocation + improving fundamentals.' Key sectors to monitor include AI computing power, non-ferrous metals, innovative pharmaceuticals, banking, non-bank financial sectors, oil, coal, steel, agriculture, and more.