CITIC Construction Investment has observed that the ongoing tensions between the United States and Iran triggered broad-based adjustments across major asset classes in March. As the initial surge in conflict subsides, the market is transitioning into a phase characterized by negotiation and desensitization. While a short-term rebound may present trading opportunities, caution is warranted against excessive optimism. The market is unlikely to sustain the same upward trajectory witnessed following last year's tariff adjustments, and the potential for further declines remains.

CITIC Construction Investment continues to emphasize opportunities within the U.S. technology sector. Presently, valuations of tech stocks have undergone significant compression, with their premium relative to the broader market nearly erased. Meanwhile, expectations for earnings per share (EPS) are being revised upward. Should subsequent earnings reports surpass market expectations, this could serve as a strong catalyst for growth. In the event of another downturn in the U.S. stock market, proactive accumulation is recommended.