兴证策略：八大指标看当前市场情绪到什么位置了？

Key Points - The current turnover rate of the entire A-share market (MA5) is at 2.4%, with a peak of 2.58% in late August last year and a maximum of 3.15% expected in October 2024 [1][17] - The financing sentiment indicator, measured as "recent 20-day financing buy-in amount / recent 60-day financing buy-in amount," stands at 36%, with historical overheating levels above 40% [3][19] - The current proportion of financing buy-in is 11.26%, with a peak of 12.09% in October last year and a historical high of 18% in 2015 [4][22] - The net inflow from retail investors, measured by small orders, has a 20-day moving average of 27.5 billion yuan, with peaks close to 40 billion yuan in February and September last year [7][21] - The proportion of stocks above the 30-day moving average in the entire A-share market is currently 66.8%, with historical overheating levels around 80% [9][24] - The proportion of stocks reaching a 60-day new high in the entire A-share market is currently 11.27%, with historical overheating levels at 20% [26] - The current equity-bond risk premium for the entire A-share market is near -0.5 standard deviations from the rolling five-year average [11][28] - The current RSI (Relative Strength Index) for the entire A-share market is at 80.4, with a peak of 82.3 at the end of July last year and a maximum of 91.3 expected in October 2024 [12]