真正的牛市还未开始么？

Market Performance - The A-share market showed mixed results with the Shanghai Composite Index increasing by 0.21%, the Shenzhen Component rising by 1.06%, the CSI 300 up by 1.07%, and the ChiNext Index gaining 1.96% for the week [1] - Key sectors that performed well include electric power equipment, non-ferrous metals, semiconductors, chips, and memory storage, while sectors like optical modules (CPO), copper-clad laminates, tourism, and duty-free shops lagged [1] Hong Kong Market - The Hang Seng Index decreased by 1.57%, the Hang Seng Tech Index fell by 1.58%, and the Hang Seng Healthcare Index dropped by 2.79%, indicating a phase of high-level fluctuations in the Hong Kong market [2] Investment Opportunities - A brokerage firm suggested that a true bull market has not yet begun, with potential opportunities arising from the easing of liquidity constraints and a possible rebound in Hong Kong stocks that have been stagnant [4] - The People's Bank of China emphasized the need for appropriate monetary policy and counter-cyclical adjustments, signaling a supportive environment for investment [4] ETF and Fund Performance - The recent surge in ETFs continues, with the second batch of 14 science and technology bond ETFs seeing five reach over 10 billion yuan in assets [5] - Active equity funds have shown remarkable performance, with several funds achieving over 200% returns since September 2022 [5] U.S. Market Indicators - The U.S. core PCE price index rose by 2.9% year-on-year and 0.2% month-on-month, aligning with expectations and potentially influencing the Federal Reserve's interest rate decisions [5] - The U.S. stock market experienced adjustments, with the S&P 500 and Nasdaq both declining, while small-cap stocks performed relatively well [5]