短期调整触发的因素:“四月决断”临近,经济和A股一季报迎来验证期。中美对弈关键窗口临近,美对华再加征关税担忧增加。科技新催化空窗期,谨慎叙事出现(大模型进步偏慢,应用落地偏慢),科技消化性价比问题。讨论“四月决断”的4个关键影响因素:业绩验证期,AI行情可能向有业绩支撑的算力收缩。顺周期预期偏低,4月经济验证的边际影响可能有限。4月2日前后“利空出尽”效应有限,4月后仍是中美对弈关键窗口。AI投资...
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