This plate has large-cap stocks, medium-cap stocks and small-cap stocks. Large-cap stocks are de-leveraged, small-cap stocks are investigated, and new shares are purchased and blood is drawn. Under such circumstances, the military stocks are reasonable and have no choice but to lie down.

From the perspective of investment logic, military stocks do have the volume of software and hardware, but from the performance of the military sector since 20 15, many companies in the sector are in a stagflation state, underperforming the broader market and other industries.

At present, the policies and fundamentals of the entire military sector are in a sustained and good stage. Is there a big chance to make up for the increase in the market outlook? We believe that although the market may not be as intense as the previous blue-chip stocks, there may be repetitions in the process, but the overall upward trend can be expected. Demand expansion+industrial upgrading+policy inclination will form a superposition benefit for the military industry, and the long-term fundamentals of the military industry will continue to improve, which will still drive the long-term bull market of the military sector.