沪指14连涨冲击4100点后，A股将如何表现？

Group 1 - The A-share market has achieved a historic 14 consecutive days of gains, marking the second-longest streak in history, with multiple attempts to breach the 4100-point level [1] - Historical data indicates that while consecutive gains can boost market sentiment in the short term, they often lead to a rapid depletion of upward momentum, resulting in subsequent phase corrections [1] - The long-term trend of the stock market is influenced by economic fundamentals and corporate value development, as evidenced by the recovery of the Japanese stock market post-2020 [1] Group 2 - The core factor influencing market fluctuations is the funding situation, with a significant increase in long-term capital participation in stock investments, particularly from insurance companies [2] - As of the end of Q3 2025, the book balance of insurance companies' stock investments reached 3.62 trillion yuan, an increase of 1.19 trillion yuan compared to the end of 2024, representing a nearly 50% growth [2] - Margin trading remains active, with a margin balance of 2.6 trillion yuan as of January 7, reflecting a 41% year-on-year growth, and financing buy-ins accounted for 11.47% of the total trading volume on that day [2]