【机构策略】预计A股市场牛市仍将延续

Group 1 - The A-share market showed a strong upward trend on Tuesday, with sectors such as insurance, securities, non-ferrous metals, and automotive parts performing well, while beauty care, light industry, electric machinery, and banking sectors lagged behind [1] - Key factors supporting the market's positive performance include the increasing attractiveness of RMB assets, expectations for early-year credit issuance, and subsequent policies, along with a positive shift in corporate profit structures driven by advanced manufacturing and overseas enterprises [1] - The domestic monetary policy is expected to maintain a stance of "moderate easing," while the market anticipates that the Federal Reserve will continue its rate-cutting cycle into 2026, contributing to a more accommodative global liquidity environment [1] Group 2 - The A-share market continued to rise on Tuesday, with the Shanghai Composite Index breaking through previous highs, led by sectors such as non-ferrous metals, large financials, chemicals, commercial aerospace, and intelligent driving, while computing hardware lagged [2] - The market is experiencing a trend of volume and price increase, establishing a bullish sentiment, and investors are encouraged to increase their risk appetite to seize thematic investment opportunities during the "spring rally" [2] - The ongoing resilience of the overseas economy, likely continued dollar liquidity easing, and the domestic policy of "dual easing" are expected to sustain the bullish trend in the A-share market [2]