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华泰金工:A股仍维持看多趋势
Sou Hu Cai Jing·2025-09-21 14:28

Group 1 - The multi-dimensional timing model by Huatai Jin Gong has achieved a cumulative return of 40.77% since the beginning of the year, indicating a bullish outlook for the A-share market despite relatively high valuations [1][2] - The model predicts that the strongest performing sectors for the upcoming trading week will be precious metals, liquor, food, steel, and banking, reflecting a balanced allocation across consumption, cyclical, and financial sectors [1] - The technology sector remains active, benefiting from domestic "AI+" policies, while the US stock market's positive performance, particularly the Nasdaq's 2.21% increase, has boosted confidence in the A-share market [1][2] Group 2 - The ChiNext 50 ETF rose by 2.84% last week, and the Sci-Tech Innovation ETF increased by 2.47%, driven by expectations of Federal Reserve rate cuts and domestic policy support [2] - The automotive ETF emerged as a leader with a 4.26% increase, supported by a growth plan for the automotive sector released by eight departments, enhancing sales expectations for new energy vehicles [2] - The multi-dimensional timing model indicates that the A-share market remains in a bullish window, with a year-to-date increase of 26.98% for the Wind All A index, outperforming the model's 40.77% return [2][3] Group 3 - The timing model signal briefly switched to bearish on September 17 but quickly returned to bullish, influenced by the member holding ratio signal, which indicates strong market sentiment [3] - The industry rotation model shows optimism for specific sectors, with a cumulative return of 36.07% this year, surpassing the industry equal-weight benchmark by 17.01 percentage points [3] - The absolute return ETF simulation portfolio has increased by 7.34% since the beginning of the year, maintaining a positive overall performance despite a slight decline of 0.10% last week [3]