The A-shares welcomed the first trading day of the Year of the Horse on February 24. During the A-shares' Spring Festival holiday, the overall performance of overseas markets was relatively positive. As of the time of this report on February 23, major stock indices in Europe and the United States experienced a broad rally, while international precious metals and oil prices strengthened together. Looking ahead to the post-holiday trend of the A-share market, industry institutions predict that the spring market in 2026 is expected to continue, with funds likely to engage in a game around policy-oriented industrial main lines and thematic opportunities, showing characteristics of "policy hotspot rotation and rapid style switching." In terms of future allocation, technology and resource products have become two main lines favored by the industry, including "pan-AI assets" such as computing power infrastructure, as well as fields like chemicals and precious metals that are worth investors' attention. (China Securities Journal)