The news flow over the weekend was quite lively. Here are a few points worth noting:

Citi has given a copper price forecast, expecting it to keep rising until early next year, possibly reaching $13,000/ton in Q2. Hong Hao also recently spoke up, saying the RMB has a chance to break below 7 next year. If that happens, a revaluation of domestic assets could trigger a market rally. He personally expects the stock market to have over 20% upside. Moutai’s wholesale price is still bottoming out, and CSC Financial suggests keeping an eye on policy developments for cross-year opportunities. Spot prices for memory chips have more than quadrupled this year, and inventory at phone manufacturers is reportedly at historical lows.

Tomorrow’s market opening will most likely be up, and there shouldn't be much issue through Wednesday in the short term. However, there are major events happening on Thursday and Friday, so pay attention to the pace then.

In terms of sectors, commercial space may become a hot topic for the year-end and new-year period. Brokerages, robotics, and AI hardware all have news catalysts, and the innovative pharmaceuticals sector has also seen some positive developments. The Fujian concept is now acting as a buff for various themes. AI applications are still in the cultivation stage, with the most certain real-world scenarios currently being AI phones and AI glasses, which are worth continued observation.

For the liquor sector, don't rush for now—watch CPI data on the macro side, and on the micro side, wait until prices for vintage and new liquors stabilize before making a move.