【机构策略】A股市场已进入政策与资金双轮驱动阶段

Group 1 - The A-share market showed mixed performance on Wednesday, with the Shanghai Composite Index facing resistance after a rise, while sectors like banking, insurance, gaming, and consumption performed well [1][2] - Long-term capital inflow into the market is accelerating, with a steady increase in ETF size and continuous inflow of insurance funds, providing significant support [1] - The Federal Reserve's decision to maintain interest rates in June introduces uncertainty regarding future rate cuts, which could significantly boost global risk appetite if clear signals are released [1][3] Group 2 - Despite a pullback, the overall positive trend in the A-share market remains unchanged, with active trading and a market turnover exceeding 1.8 trillion yuan, indicating good market momentum [2] - The "anti-involution" policy is expected to alleviate the "increasing income without increasing profit" dilemma, supporting a recovery in A-share performance [2] - The Shanghai Composite Index is currently above 3600 points, maintaining a strong technical trend, although there is some differentiation at high levels, particularly with increased selling pressure in the ChiNext [3]