持股过节还是持币过节？

Group 1 - The core viewpoint of the article suggests that the consensus among institutions is to hold stocks during the upcoming holiday, as historical data indicates a strong "calendar effect" around the Spring Festival, with over 70% probability of stock market gains post-holiday [3][10]. - A-shares and Hong Kong stocks have recently experienced short-term adjustments, with the Shanghai Composite Index nearly breaking below 4000 points and the Hang Seng Index facing significant corrections after reaching new highs [4][11]. - The article emphasizes the importance of making a decision by the end of the week, particularly for Hong Kong stockholders, as the market will be closed for the Spring Festival, and those using the Stock Connect will not be able to trade during this period [5][12]. Group 2 - The article highlights the increased market volatility and rapid changes in sentiment expected in 2026, driven by numerous uncertainties, including the performance of gold and silver, the stance of the new Federal Reserve chair, and movements in Japanese and Korean stock markets [5][12]. - The recent performance of the Nikkei Index, which rose over 5% to set a new historical high, and the KOSPI Index, which increased by 4%, are noted as significant influences on the sentiment of A-shares and H-shares [5][12]. - The article warns that if investors are heavily invested going into the holiday, they may face challenges if surrounding markets adjust during the extended break, which lasts until February 24 for A-shares [5][12].