国信证券荀玉根：当前A股基本面开始好转 行情远未到结束时

Core Viewpoint - The current stock market rally began on September 24, 2024, driven by a combination of monetary, real estate, and capital market policies aimed at combating deflation and boosting domestic demand [1] Group 1: Market Conditions - The market has experienced a long adjustment period, with investor sentiment at a low point before the rally commenced [1] - The current rally is supported by proactive fiscal policies and moderately loose monetary policies [1] Group 2: Economic Outlook - The chief economist of Guosen Securities, Xun Yugen, believes that the stock market rally is far from over [1] - There is an indication of improvement in the fundamentals of the A-share market, although it is still in a fragmented state [1] Group 3: Sector Performance - The technology sector is showing strong performance, while some cyclical and traditional consumer industries are lagging [1] - Future macroeconomic policies are expected to further enhance the gradual improvement in fundamentals across various sectors [1]