【机构策略】本轮慢牛行情的基础仍然存在

Group 1 - The A-share market showed resilience with all three major indices rebounding after a dip, indicating a potential for new investment opportunities amidst market fluctuations [1][2] - Various sectors performed differently, with multi-financial, optical electronics, photovoltaic equipment, and batteries showing strong performance, while precious metals, commercial retail, fertilizers, and tourism faced declines [1][2] - The inflow of global funds into the A-share market is supported by a shift of household savings towards capital markets, creating a continuous source of incremental funds [1] Group 2 - The market is expected to maintain a steady upward trend in the short term, with a focus on policy, funding, and external market changes [1] - The current valuation of A-shares remains attractive in the medium to long term, with policies aimed at reducing internal competition and stimulating demand being crucial for market performance [1] - The performance of the Shenzhen Composite Index and the ChiNext Index suggests an acceleration along the five-day moving average, indicating a potential upward trend [2]