和讯投顾刘天娇：3704见顶了吗？到底谁在砸盘？

Core Viewpoint - The recent market decline, particularly in micro-cap stocks and the CSI 2000 index, is attributed to speculative trading and quantitative selling, which appears to be a strategic move to avoid potential risks in the latter half of the month [1] Group 1 - The market experienced a significant drop, with micro-cap stocks and the CSI 2000 leading the decline [1] - The timing of the sell-off coincided with a mid-month point, indicating a tactical decision by traders to mitigate risks associated with potential market volatility [1] - Despite the current downturn, there is a belief that the market has not yet reached its peak, and the main institutional investors have not fully engaged [1] Group 2 - Anticipation of future Federal Reserve interest rate cuts and upcoming meetings is expected to attract substantial outside capital into the market [1] - The presence of this capital suggests that if the market continues to decline, these investors are likely to enter aggressively, reinforcing the bullish sentiment [1] - The current market sentiment is characterized by cautious optimism, with a belief that the market is not yet in a euphoric phase [1]