科创50冲高回落，成交55亿元

Core Viewpoint - The recent surge of 9.52% in the Sci-Tech Innovation 50 ETF (588000) indicates a bullish trend, with a significant trading volume of 5.5 billion yuan, suggesting strong market interest and potential for further growth [1] Group 1: Market Analysis - The analysis by Zheshang Securities draws parallels between the current market conditions and the bull market of the ChiNext board from 2013 to 2015, which lasted for 2.5 years and was characterized by three phases: expectation reversal, industry prosperity, and capital sentiment [1] - The primary driving force of the current bull market phase is identified as the improvement in the industrial fundamentals, particularly in AI and innovative pharmaceuticals, which are expected to enhance profitability and stock performance [1] Group 2: Future Outlook - The report anticipates that by September 2024, the market will experience a phase driven by expectations, following a period of volatility since June, indicating that the Sci-Tech Innovation board has entered the main upward phase of the bull market [1] - The current stage of the Sci-Tech Innovation board is likened to the early phase of the main upward segment observed in Q3 2013, suggesting that there is still room for growth as indicators such as profit release, stock price positioning, and fund allocation levels are favorable [1]