【机构策略】A股市场有望继续向上演绎 迎接跨年行情

Group 1 - The core viewpoint is that the A and H stock markets have undergone a prolonged adjustment period from early September to early December, with investor sentiment becoming cautious, but recent key events and data have aligned with or slightly exceeded market expectations, indicating that the underlying logic of a bull market remains intact, driven by structural trends and capital market reform policies [1] - Citic Securities notes that the A-share market experienced fluctuations last week, with a rise in risk appetite on Friday leading to increased trading activity and all three major indices closing higher, signaling a potential stabilization in the market [1] - Dongguan Securities highlights that the A-share market rebounded from a low point last Friday, with all three indices closing in the green, indicating that the market is currently in a mid-stage consolidation of a slow bull market [1] Group 2 - The outlook for the market is optimistic, with expectations of continued upward movement due to the release of favorable factors such as the latest guidance from the 14th Five-Year Plan, overseas liquidity easing, and domestic policy support [1] - The upcoming economic stabilization policies are anticipated to further boost market risk appetite, suggesting that the A-share market is likely to continue its upward trajectory and welcome a year-end rally [1]