Group 1 - The market is currently experiencing a trend where large-cap stocks are rising while small-cap stocks are declining, indicating a potential shift in market style [1] - Institutional participation in large-cap stocks is crucial, as current market performance suggests that funds are not ready to abandon their current speculative paths [1] - Retail investors tend to chase popular and high-performing sectors, which may delay a shift towards large-cap stocks until institutions make a move [1] Group 2 - There is uncertainty regarding whether deflation can be reversed; if not, even with low historical P/E ratios for large-cap stocks, they may still be considered high for investors [2] - If investors believe that policies introduced by the end of June will stabilize the economy and employment, large-cap stocks may represent a value opportunity; otherwise, investors might consider taking a break [2] - Long-term perspectives on economic outlook remain optimistic due to continuous buying from large funds, which primarily invest in broad market indices like the Shanghai Composite, CSI 300, and A500 [2]
投顾观市：权重上涨，小票下跌，风格要切换了吗？
He Xun Cai Jing·2025-05-21 10:23