大额存单转让潮再现，是都投向火热的股市了吗？

Market Performance - The A-share market continued to rise, with the Shanghai Composite Index approaching 3900 points, closing at 3883.56 points, up 1.51% [1] - The market turnover exceeded 3 trillion yuan, setting a new record for the year [1] - Year-to-date performance of major indices includes: - Shanghai Composite Index: up 15.87% - Shenzhen Component Index: up 19.46% - ChiNext Index: up 29.02% [2] Large Certificate of Deposit (CD) Transfer Market - The large CD transfer market has seen a surge in activity, with many CDs being listed for transfer at slight discounts shortly after purchase [3] - Some CDs, held for only about 10 days, are being transferred with annualized yields exceeding 2.4%, significantly higher than newly issued products [3][4] - This trend has raised discussions about potential large capital inflows into the stock market [4] Diversified Fund Flows - Investors are diversifying their fund flows, with a significant portion reallocating funds to insurance and wealth management products rather than solely focusing on the stock market [5] - Recent data shows a decrease of 1.1 trillion yuan in household deposits, while non-bank deposits increased by 2.14 trillion yuan [5] - The average annualized yield of wealth management products rose by 14.18% year-on-year to 2.12% [5] Investor Behavior and Recommendations - Investors are advised to rationally plan their investments in light of the large CD transfer trend and diversified fund flows, avoiding blind following of market trends [7] - Experts suggest a "barbell strategy" for asset allocation, balancing high-risk and safe assets to mitigate risks [7] - Caution is advised when purchasing transferred CDs, as some may have potential legal disputes or restrictions [8]