Group 1 - The core viewpoint emphasizes that expert predictions are based on probabilities rather than certainties, and the market often misinterprets these insights as definitive forecasts [1][4] - The analysis of the potential for a market peak in the second half of the year is linked to four key factors: Federal Reserve monetary policy, domestic industrial product prices (PPI), RMB exchange rate, and capital flows [1][6] - The current market environment presents both opportunities and risks, with external favorable conditions and internal recovery providing a window for investment, while uncertainties and inflation pressures pose potential threats [3][7] Group 2 - Historical context shows that market cycles are influenced by various factors, and the prediction of a peak in the second half of the year is based on the convergence of macroeconomic indicators [6][9] - The importance of a stable policy environment is highlighted, as it is crucial for market predictability and coherent reform paths, which can support investor confidence [7][9] - Investors are advised to focus on fundamentals and valuations rather than being swayed by short-term market trends, emphasizing the need for disciplined investment strategies [3][11]
英大证券郑后成说，2026年A股有支撑，年内高点可能在下半年
Sou Hu Cai Jing·2026-01-13 17:19