[CITIC Construction Investment: This week’s market is a typical oversold technical repair, and the foundation for trend reversal is not yet solid] On November 8, CITIC Construction Investment’s research report pointed out that this week’s market is a typical oversold technical repair, and the foundation for trend reversal is not yet solid. The market's endogenous recovery momentum is still weak, with a high reliance on policy support funds, and the fluctuations of external U.S. technology stocks are still disturbed. It is expected that the process of bottoming out the index may still be repeated. The sustainability of the subsequent rebound needs to focus on the level of volume amplification, the strength of market stabilizing funds, and the implementation of industrial policy catalysts. In terms of allocation, flexibility can be deployed around domestic substitution, photovoltaic new energy and other directions, and high-dividend assets can be used as bottom positions to smooth fluctuations; sectors with large overseas exposure still need to be wary of uncertainties in external liquidity and demand.