On November 3rd, the 12 second batch approved by God quickly approvedA500ETF is issued, including Huaxia, Yifangda, Boshica, Guangfa, Dacheng, Huaan, Wanjia, Penghua, , Tianhong and other 11 COSCO A500ETFs under the CSI A500ETFPublished on November 5th, Huitianfu Central A500ETF will set the issuance date on November 7.The 12 CSI A500ETF all set up an upper limit of issuance of 2 billion yuan.This issue will once again contribute an incremental scale of 24 billion yuan to the CSI A500 Index.
In the last week, the A -share market has shocked.Among them, the Shanghai Stock Exchange Index fell 0.84%, the Shenzhen Stock Exchange Index fell 1.55%, and the GEM finger fell 5.14%.How will the A -share A -share A shares be performed?
Minsheng Securities Research Report analysis said, "The individual and institutional investment emotional indicators we built showed that last week (20241028-20241101) continued personal investment emotions.For the upward, the institutional investment emotion has declined sharply and quickly falls to a historical low. This investor mood combination means the market stage or weak trend.Enter the resonance upper phase.The rising increase is obvious, and the relative attention of electronics, finance, electricity, new, medical, communication, and automobiles has decreased more obvious; the relative attention of machinery, military, building materials, coal, communication and other sectors is at 80%of historical divisions.above.
CITIC Securities said that the market is currently standing on the starting line of the annual marathon market. The successive clearness of policy signals, external signals and price signals will become a warranty.The institution provides a better time for entry. For short -term configuration, it can be transitioned with some low -valuation cubes. After three signals, the three major signals can actively increase their performance and increase their domestic demand.
On the one hand, from the perspective of the three major signals, in terms of policy signals, November is the key window period for the choice of camera choices.The landing of the US election will not change the direction of the A shares upward operation, but it will have a great impact on the market structure; in terms of price signals, the domestic economy has significantly improved the quantitative indicator, and the price signal turning point needs to be waited.On the other hand, from the characteristics of the market, the current stock market and ETF scale surge increased the clearing process of active management institutions heavy stocks.Welcome to a great buying point.
Zhejiang Shang Securities Research Report believes that the market outlook will be the trend of "looking for the bottom of the midline in the interval".Among them, the upper edge of the interval is the part of the Yin Line on October 8th and 9th, and the lower edge of the interval is the gap on September 30.Once the broader market will complete the "confirmation" of the low on October 18th in the next 2-3 weeks, the market outlook is expected to enter the "re -rising" stage in the trilogy of "rapid rising -vibration and solid -rising again".
In terms of configuration, it is recommended that investors pay attention to operating discipline, and use the thinking of interval to high throw and low suction.EssenceIn terms of industry configuration, it is recommended to take "finance+technology" as the main line, increase and subtract the positions through time selection, and do "high and low switching" in the selected track. At the same time, the auxiliary line should pay attention to "light index and heavy stock".
Soochow Securities Strategy Report believes that with the short -term emotional ebb, the November style is very likely to switch.We ushered in more obvious excess income opportunities than October; the second style is more balanced, and the cyclical and technological growth/small market value style coexist.There will be a better performance.The increase in the support rate of Pus polls has aroused the markets attention again.Judging from the current situation, Trump leads Harris with a weak advantage of polls at the last moment. It is still unknown that the presidents throne "who is dead" after the election is still unknown.However, from the perspective of the capital market, the "Trump Trading 2.0" has already rearranged the soil.
Looking back at the country, Trump also affects Chinese assets when he was in power for the first time, but the transmission path is still based on trade policies and tariff policies.How to view the impact of this round of "Trump Trading 2.0" on Chinese assets?There may be emotional disturbances in the short term, and the fundamentals are still returning to the fundamentals in the middle and long term, "mainly me."Looking back, the total policy is sufficient, but the idea of release is to be restrained and rhythmic.The bull market has entered the second stage, and the future "long road is also charming."
In the short term, low valuation repair main line+high -elastic technology growth variety: (1) technology style & amp; high flexible growth direction policy reversal, total amount, but rhythm, but rhythmUnder the restraint, the strong economic reversal expectations will not be formed quickly. Under the recovery of risk preferences and transaction volume, technology growth accounts for excellent technology, and pays attention to semiconductor and faith;) Policy exceptional risk preferences are improved: real estate chain, new energy medicine.
In the middle and long period of time, focusing on the post -cycle consumer varieties that focus on fiscal effort and credit can be effectively expanded, and the precious metal varieties benefited from the Federal Reserve ’s interest rate cut cycle: (4) home appliances, light industry, Car (two -wheeled electric vehicles), food, beverage, beauty care.
Responsible editor: Liang Qiuyan
School pair: Tao Qian
