Economic Observation Network Affected by the external market adjustment, on July 16th, A-shares experienced a volume contraction adjustment, and the three major stock indexes collectively fell. From the perspective of industry sectors, strong sectors such as electronics and communications experienced the highest decline this year, while sectors such as media, agriculture, forestry, animal husbandry, and fishery, and beauty and nursing, which performed relatively weakly this year, rose against the trend and showed active performance. In the eyes of industry insiders, the short-term volatility of the A-share market has increased, and the market style is undergoing a phase of rebalancing. However, it is not yet time to switch from a growth style to a value style, and the growth style is expected to regain its dominance after the volatility. In terms of future market configuration, domestic storage, computing power, semiconductor equipment and other sectors may be stronger than overseas computing power sectors in the short term. Nonferrous metals, power equipment and new energy, innovative drugs and other sectors are also worth paying attention to. (China Securities Journal)