上证指数创四年新高，越过3674点后上攻概率大？

Core Viewpoint - The Shanghai Composite Index has broken through the 3674-point mark, indicating a positive shift in market sentiment and investor confidence, reflecting the robust recovery of the Chinese economy and the positive effects of capital market reforms [1][2]. Group 1: Market Performance - The Shanghai Composite Index has been in a bull market for over 18 months since its low of 2635 points on February 5, 2024, with expectations to challenge the 3800-point level [1]. - On August 13, the index surpassed the previous high of 3674 points from October 8, 2024, signaling a strong upward momentum [1][2]. Group 2: Analyst Insights - Analysts suggest that the current market conditions resemble the liquidity bull market of the second half of 2014, characterized by accelerated stock price increases and supportive policies [1]. - The return of funds to core assets with solid fundamentals is noted, as the market transitions from short-term speculation to a focus on fundamental performance [1]. Group 3: Future Outlook - The Shanghai Composite Index is expected to maintain its upward trend, supported by active trading volumes and improving macroeconomic conditions [2]. - As long as the fundamentals remain stable and no significant adverse factors arise, the index has the potential to reach higher levels [2].