爱建证券今日视点：股指强势逼空大涨

Market Performance - On Thursday, the Shanghai and Shenzhen stock indices experienced a significant surge, closing up by 3% with a trading volume of 1.16 trillion yuan, indicating an active market performance[2] - The real estate and liquor sectors saw a comprehensive breakout, while the large financial sector continued its strong upward trend, reflecting a broad-based rally in the market[2] Policy Impact - The Central Political Bureau emphasized increasing counter-cyclical adjustments in fiscal and monetary policies, including issuing long-term special bonds and lowering the reserve requirement ratio[2] - Policies aimed at stabilizing the real estate market were highlighted, including controlling new construction, optimizing existing stock, and improving quality, which further stimulated market sentiment[2] Economic Context - Global uncertainties have increased due to geopolitical tensions, trade protectionism, and the ongoing conflict in Ukraine, impacting capital markets significantly[3] - The U.S. Federal Reserve's recent interest rate cuts have initiated a monetary easing cycle, putting downward pressure on the dollar and causing volatility in the U.S. bond market[3] Technical Analysis - After a period of consolidation, the stock indices broke upward, with trading volumes increasing to over 1 trillion yuan, indicating a potential shift in market momentum[4] - Despite recent gains, the market remains in a structural rotation phase, with a focus on volume and sentiment indicators to gauge future movements[4]