A股，下周还能不能涨，关键看什么？

Group 1 - The regulatory environment is actively implementing previously promised reforms, such as the public fund fee reduction, which is expected to be implemented soon [1] - The maximum subscription and purchase fees for stock funds will be reduced from 1.2% and 1.5% to 0.8%, while mixed fund fees will drop from 1.2% and 1.5% to 0.5%. Bond fund fees will also be cut by 50% [1] - The annual sales service fee for stock and mixed funds will decrease from 0.6% to 0.4%, leading to an estimated annual savings of 50 billion yuan for investors [1] Group 2 - The U.S. non-farm payroll data for August recorded only 22,000 jobs, significantly below the market expectation of 75,000, raising concerns about economic recession [2] - Despite initial positive market reactions, U.S. stock markets experienced a decline, with the Nasdaq initially rising nearly 1% before dropping by 0.8% due to mixed sentiments about interest rate cuts and recession risks [2] - Gold futures saw a rise of 1.29%, reaching $3,653, approaching the analyst's target of $3,700, indicating a potential upward trend towards $4,000 [2] Group 3 - There is a high probability of an interest rate cut in September, which is seen as a potential catalyst for market movements [3] - The recent bullish trend in the A-share market has boosted investor sentiment, with expectations for further upward movement, although caution is advised regarding market sustainability [5] - A daily trading volume threshold of 20 billion yuan is suggested as a critical indicator for market performance, with potential adjustments if this level is not maintained [5] Group 4 - There is a belief that the market adjustment is not yet complete, with potential for further lows before a year-end rally, emphasizing the need for gradual adjustments rather than rapid increases [6] - The media is cautioned against overstating low valuations and bull market conditions, advocating for a more measured approach to market movements [6]