Through AI Express, on November 29th, the “Guotai Junan 2022 Capital Market Cloud Annual Conference” is held online. Chen Xianshun, chief strategy analyst at Guotai Junan Research Institute, said that in 2022, the A-share market will fluctuate sideways as a whole. Policy uncertainties have declined in stages, and easing expectations have increased. We are optimistic about the spring turmoil that will take over the new year’s market. However, the market may return to range fluctuations after the turmoil. In the second half of 2022, the economy will slowly walk out of the downward pressure zone, the uncertainty of the economic policy environment will decline, and the market will gradually pick up. In terms of style judgment, Chen Xianshun judged that the growth opportunities are still there and the value is back on the stage. In terms of growth, there are still opportunities for the prosperity track, but it is difficult to run through the whole year. The rhythm of the market depends on liquidity expectations, and spring is the key observation point. The stability of profitability is superimposed on the repair trend, and the value will return to the center of the stage of style configuration. Historically, the return on consumption under the environment of “weak growth + weak easing” has been relatively good. (China Securities Journal)