大A正复刻美股上涨逻辑，你坐稳了吗？

Group 1 - U.S. listed companies are repurchasing their own stocks at an unprecedented rate, which not only improves their balance sheets but also serves as a significant driver for the continuous rise of U.S. stocks [1] - In the A-share market, over 700 companies have announced repurchase plans this year, with only three terminating them, and 433 companies have already executed buybacks [2] Group 2 - The phenomenon of "buy the rumor, sell the news" is prevalent in the A-share market, where market participants often speculate ahead of positive news, leading to peak stock prices at the time of the actual announcement [5] - An example is the white liquor sector's significant drop in May 2025, which was attributed to a sudden regulatory announcement, but data analysis indicated that institutional investors had already reduced their trading activity prior to the announcement [9] Group 3 - Some perceived negative news can lead to stock price increases, as seen with the case of a company that was suddenly labeled as ST, which saw its stock rise significantly after the announcement [10] - The performance of stocks is more influenced by the intentions of institutional investors rather than the nature of the news itself [12] Group 4 - The article emphasizes the importance of quantitative data analysis over mere news headlines, suggesting that understanding market behavior through data can provide deeper insights into stock movements [13] - Ordinary investors are encouraged to adopt data-driven investment strategies rather than being swayed by news, as valuable information often lies within the data [14] Group 5 - The record-high stock buybacks in the U.S. prompt questions about the motivations behind companies choosing to repurchase shares at high valuations, highlighting the need for quantitative analysis to uncover the underlying market dynamics [15]