AVIC I.F(SH:600705) Sou Hu Cai Jing·2025-10-29 03:19Core Viewpoint - The A-share market is expected to maintain a strong performance in the short term due to multiple positive factors, including policy support and potential interest rate cuts by the Federal Reserve, which may enhance market risk appetite [1][5]. Group 1: Market Performance - On Tuesday, the A-share market indices experienced a pullback after initially rising, with the Shanghai Composite Index briefly surpassing 4000 points but later retreating due to insufficient trading volume and profit-taking [5]. - The market is currently in a critical phase as it approaches the 4000-point mark, with a high level of recognition for the ongoing "slow bull" market, leading to a cautious stance among investors at significant price levels [5]. Group 2: Economic Indicators - The 20th Central Committee's Fourth Plenary Session report has clarified the main goals for economic and social development during the 14th Five-Year Plan period, which is expected to effectively boost market confidence [1]. - The earnings situation of listed companies is anticipated to gradually improve, providing additional upward momentum for the market, despite current earnings still being in a stabilization phase [1]. Group 3: Future Outlook - The market environment is likely to continue improving marginally in the short term, supported by the upcoming release of the "14th Five-Year Plan" recommendations, progress in US-China negotiations, and the nearing end of the A-share third-quarter report disclosures [5]. - In the medium term, factors such as anti-involution policies, increased household savings entering the market, potential interest rate cuts by the Federal Reserve, and technical reversals are expected to support a bullish trend in the A-share market for the fourth quarter [5].