[Galaxy Securities: Post-Holiday A-Share Market Likely to Rise Amid Volatility] Galaxy Securities' research report suggests that after the Spring Festival, driven by policy expectations, liquidity support, and industry trends, the market is likely to experience a volatile upward trend. However, close attention should be paid to the short-term impact of overseas uncertainties on market sentiment. Around the time of the Two Sessions, the A-share market may be primarily driven by policy catalysts, with funds focusing on policy-oriented industry themes and opportunities, exhibiting characteristics of "rotating policy hotspots and rapid style switching." In March, the market logic will gradually shift from "policy expectations" to "earnings realization." The release of listed companies' 2025 annual reports and subsequent 2026 Q1 reports will become anchor points for market trends, with companies exceeding earnings expectations likely to attract capital attention.
