17连阳下的市场怎么看

Market Overview - On January 12, the A-share market continued its strong performance since the beginning of the year, with the Shanghai Composite Index surpassing 4165 points, an increase of 1.09%. The total trading volume exceeded 3.64 trillion yuan, setting a historical high [1] - The ETF market also showed a strong upward trend, with non-currency ETFs totaling 400.24 billion yuan in trading volume [1] - Sectors such as media, computer, and defense industries saw significant gains, while oil, coal, and real estate sectors experienced declines [1] Performance Review - The Shanghai Composite Index has accumulated an increase of 8.9% during the 17 consecutive days of gains, indicating significant market differentiation [2] - Notable sector performances include military industry, media, and non-ferrous metals, which rose by 33.95%, 29.25%, and 23.37% respectively. The banking sector was the only one to decline, with a decrease of 0.02% [4][5] Expert Insights - A leading analyst, J, expressed skepticism about the market's ability to sustain a bull run, citing that many company earnings reports are not favorable. The market may not remain optimistic after the first quarter earnings announcements [8] - There has been a noticeable shift in focus from performance-based stocks to concept-driven and speculative investments, with stocks that have strong earnings not seeing significant price increases [9] - The analyst has gradually shifted to a defensive stance, anticipating increased pressure on indices following the release of annual reports [10] ETF Performance - As of January 12, among 90 ETFs, 80 have achieved positive returns, with the aerospace ETF (159227) leading at a 48.98% increase, followed by the military industry ETF (512660) at 43.52% [12] - Other top-performing ETFs include general aviation (159230) at 41.29% and semiconductor equipment (159516) at 29.02% [12]