有色逆市大涨原因或已找到！美联储发布《褐皮书》，有色ETF华宝（159876）盘中上探3.76%续创历史新高！

Group 1 - Over 10 billion in main funds flowed into the non-ferrous metal sector, making it the top sector among 31 Shenwan first-level industries [1][8] - The popular ETF, Non-Ferrous ETF Huabao (159876), saw an intraday increase of 3.76%, currently up 1.08%, reaching a historical high [1][8] - As of the report, there was a net subscription of 37.2 million units, with a total of 440 million yuan raised over the past 10 days, indicating strong investor confidence in the non-ferrous metal sector [1][8] Group 2 - Key stocks in the sector include Huayou Cobalt, which rose over 6%, and Hunan Silver and Chihong Zn & Ge, which increased by over 4% [4][10] - Other notable stocks include Jiangxi Copper, Ganfeng Lithium, and Zhongjin Lingnan, which also experienced gains [4][10] Group 3 - The Federal Reserve's recent Beige Book indicated moderate economic expansion in the U.S., but inflationary pressures remain, with potential interest rate cuts later this year [2][12] - Analysts suggest that the Fed's interest rate cuts could lead to a depreciation of the dollar, making dollar-denominated metals cheaper and increasing global demand [3][12] - The current monetary policy environment is expected to be favorable for the non-ferrous metal market, with a potential "super cycle" for industrial metals like copper and aluminum [3][12] Group 4 - The Non-Ferrous ETF Huabao and its linked funds cover a wide range of sectors including copper, aluminum, gold, rare earths, and lithium, allowing for better exposure to the entire sector's performance [5][12]