行情回暖时，为什么你没赚到钱？

Group 1 - The core viewpoint of the article is that the recent stock market rally is driven by the return of liquidity, with significant movements in cryptocurrencies indicating a shift towards high-yield assets [3][5] - On January 5, 2023, the Shanghai Composite Index regained the 4000-point mark, and the ChiNext Index rose over 2%, reflecting a positive market sentiment fueled by policy support for sectors like brain-computer interfaces [3][5] - The decline in short-term Shibor rates, such as the 7-day rate dropping to 1.423%, has made capital cheaper, encouraging a shift from stable assets like government bonds to the stock market [3][5] Group 2 - Despite the overall market strength, many investors are struggling to profit, as the rapid rotation of sectors and stocks makes it difficult to capture gains [3][5] - The article highlights a specific stock that experienced a 50% increase over three months, but its volatile price movements led many investors to sell at a loss during corrections [3][5] - The increasing dominance of institutional investors, who now account for over 50% of market activity, has changed the dynamics of trading, making it a game of "institution vs. retail" [7][10] Group 3 - The article discusses the concept of "institutional shaking," where institutions manipulate stock prices to eliminate weaker hands, causing retail investors to panic and sell [5][8] - It emphasizes the importance of understanding the underlying behaviors of capital flows, suggesting that using quantitative data can help investors identify true market trends and avoid being misled by price fluctuations [10][11] - The article advocates for a shift in investment strategy, encouraging investors to adopt quantitative thinking to better navigate the current market environment dominated by institutional players [10][11]