【机构策略】顺势而为 期待“反内卷”行情演绎

Group 1 - The A-share market has seen a significant rise over the past three weeks, but systemic risks remain low, indicating a potential continuation of the upward trend [1] - The banking sector continues to perform strongly, supported by fiscal injections and debt reduction efforts, which are expected to lead to valuation recovery [1] - The current low interest rate environment enhances the investment value of the banking sector, with a focus on mid-year performance and the "anti-involution" theme [1] Group 2 - The market is currently in a new bullish window, with improved investor sentiment and increased capital inflow, suggesting that the A-share market may continue to show upward momentum [2] - Although there are strong resistance levels, the market is expected to maintain a strong oscillating trend, with an increased tolerance for investment risks [2] - The implementation of "anti-involution" policies could alleviate the "increased income without increased profit" dilemma, potentially leading to a new phase of upward movement in the index [2]