The global AI in economic analytics market encompasses the application of artificial intelligence technologies, including machine learning, natural language processing, and deep learning, to interpret complex economic data and generate predictive insights. This field involves the use of sophisticated algorithms to analyze vast structured and unstructured datasets, such as macroeconomic indicators, financial market transactions, corporate filings, and global news sentiment.

The global AI in consumer electronics market encompasses the design, development, and integration of artificial intelligence technologies into electronic devices intended for personal use. This market includes hardware components, embedded software, algorithms, and cloud-based services that enable devices to perform intelligent functions such as learning, reasoning, and self-correction.

The global AI in cloud computing market encompasses the suite of technologies, platforms, and services that facilitate the integration and deployment of artificial intelligence capabilities within a cloud-based infrastructure.

The global AI in branding market encompasses software and services that utilize artificial intelligence to formulate, manage, and optimize brand strategies. This field integrates machine learning, natural language processing, and generative AI to analyze vast consumer datasets, automate creative processes, and monitor brand perception in real time.

The global AI in autonomous finance market encompasses the application of advanced technologies, primarily artificial intelligence and machine learning, to automate and independently manage financial operations with minimal human intervention.

AI Direct Selling encompasses the ecosystem of artificial intelligence technologies, software solutions, and platforms specifically engineered to augment the direct selling business model. This includes AI-driven tools for lead generation, customer relationship management, sales forecasting, personalized marketing, and training for independent distributors.

The global AI agents in ecommerce market encompasses the software, platforms, and services that utilize artificial intelligence to power autonomous programs designed to execute specific tasks within online retail environments.

Jewelry, watches and accessories retail market includes gold jewelry, silver jewelry and other precious jewelry like diamonds, platinum, precious stones (sapphires, emeralds, and rubies), pearls (natural and cultured), semi￾precious stones (e.g. quartz, opal, topaz, amethyst, coral etc.), precious charms, brooches, cufflinks, body jewelry, precious hair accessories/headwear (tiaras) and fine watches. Market value represents retail sales.

为了解决风格系统化轮动难题，我们开启了自下而上的量化大势研判探究。所谓风格是资产本身的内在属性，内嵌于其产业生命周期的变化中，存在五种风格阶段：外延成长、质量成长、质量红利、价值红利、破产价值。全局比较下来 的优势资产其特征属性，即为未来市场的主流风格。可通过 g>ROE>D 的基本 优先级进行考察，分析“有没有（好资产）”和“（好资产）贵不贵”进行优势资产的比较判断，最后聚焦当下最具有优势的细分板块。

季节性、长假和安全检查导致生产回落。10 月制造业 PMI 生产指数为 49.7%，较上个月下降 2.2 个百分点，结束生产指数连续 5 个月扩张，进入收缩区间。生产指数回落存在几大原因：一是今年中秋和国庆双节合并落在 10 月，10 月工作日仅 18 天，比去年少一天，同时今年假期可以“请三休十二”，“拼假”行为也减少了有效生产时间；二是四中全会期间存在部分企业停工“安检”，多地多家企业在会前发布“安全防范工作”通知，如山东“四中全会期间严格落实‘两禁止、一严控’工作要求”，可能对生产端企业有所扰动。10 月制造业 PMI 生产指数与规模以上工业企业增加值环比具有较高的相关性，工增环比可能有所回落。