4000点到顶了吗？这波牛市到底能涨多久？

Market Overview - The A-share market has reached a 10-year high, nearing the 4000-point mark, with expectations to surpass it soon [2][15] - The current bull market is believed to be in its early stages, indicating potential for further growth [15][29] Investment Strategy - The strategy emphasizes long-term holding of quality stocks rather than short-term trading, which can lead to missed opportunities [9][10] - A significant portfolio adjustment was made, moving away from high-priced sectors like chips and innovative pharmaceuticals to focus on leading companies in the liquor, non-ferrous metals, and technology sectors [10][14] Market Dynamics - The article highlights the importance of recognizing China's economic advancements over the U.S., which is seen as a foundation for the A-share market's rise [18][21] - There is a notable increase in liquidity, with a record monthly sale of $51.8 billion by Chinese banks, driven by companies accelerating currency conversion [22][23] Future Outlook - The expectation is that as liquidity continues to increase, A-share prices will rise, with the potential for a sustained bull market if international conditions remain stable [28][30] - The article warns that while the long-term outlook for A-shares is positive, volatility is expected due to various geopolitical factors [31]