Last week, the head of the US dollar had a call, and the central bank's trillion-dollar buyout reverse repurchase maintained abundant liquidity. The A-share market fluctuated and rebounded under the resonance of internal and external factors. In addition, market sentiment has rebounded, and consumption in the first half of the week has been advantageous to TMT in the second half of the week. The trading volume of A-shares increased during the week, with an average daily turnover of 1.22 trillion yuan, while the ChiNext Index, the National Securities 2000, the Shanghai Composite Index and the Shanghai and Shenzhen 300 rose by 2.32%, 2.3%, 1.13% and 0.88% respectively. Style manifests itself as: Growth>Cycle>Finance>Consumption.
Positive factors at home and abroad boost the wind, and A-shares oscillating upward support strengthened. Domestic, loose liquidity and the marginal positive trend of the Chinese and US leaders' calls are boosted. Currently, the current expectations for the introduction of policies to stabilize employment and economy within the month have increased, and the short-term fluctuation upward support is strong. On the other hand, the market's shrinking volume will affect concerns about adjustments. This week, benefiting from favorable policies and stronger expectations, trading volume rebounded and improved, and market sentiment is expected to continue. Structurally speaking, the upward consensus still depends on more positive economic factors from the stage of "old trade-in" giving way to the sports and sports goods tracks reflected in the Soviet Super League. Overseas, the current US non-farm data maintains resilience, easing expectations of US economic recession, but the relative stability of the US unemployment rate has also made it difficult for the Federal Reserve to cut interest rates in the short term, and the Federal Reserve's expectation of interest rate cuts continues to fall. Overall, the signing of a trade agreement between China and the United States in the short term is conducive to the recovery of market sentiment, and the slight recovery of the domestic economy and the highlights of the structural economy provide upward support for the market.
In terms of industry configuration, market styles are rotating, and short-term focus on the direction of technological growth that has been pulled back.
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