8%大阴线后：创业板为何还能创新高？

Core Insights - The A-share market is experiencing a split, with technology stocks performing well while consumer stocks are lagging behind [1] - Brokers remain optimistic, citing terms like "AI investment bubble deflation," "Federal Reserve interest rate cut expectations," and "institutional layout for 2026" [3] Market Dynamics - Despite being in a bull market, sudden drops of up to 8% can occur, reminiscent of past market behaviors in 2019 and 2020 [3] - Large funds may need to induce significant market corrections to acquire shares from retail investors, leading to varied outcomes for different investors [3] K-Line Analysis - A quantitative system can reveal the true intentions behind trading behaviors, distinguishing between institutional accumulation and retail buying [7][9] - The analysis shows that institutional buying leads to significant price increases, while retail buying often results in further declines [11] Liquidity Outlook - There are indications of potential foreign capital inflows in December, contingent on the Federal Reserve's actions [11] - Recent trends show a slight recovery in newly issued funds, suggesting an influx of real incremental capital [11] Recommendations for Investors - Investors should not rush into technology stocks solely based on surface-level excitement; the presence of institutional backing is crucial [12] - It is important to differentiate between "false dips" and "real declines" to make informed decisions [13] - Monitoring quantitative data can provide insights into the actual flow of funds in the market [14]