策略周报：海外大选冲击不会改变市场上行趋势

Market Performance - The CSI 500 index increased by 0.38%, while the small-cap index rose by 0.11%, and the small-cap 100 index fell by 0.63% during the week of October 28 to November 1[1] - The top five performing sectors were real estate (6.01%), steel (4.65%), retail (4.56%), social services (2.65%), and comprehensive (2.57%), while the worst performers included defense (-3.38%), communication (-3.28%), pharmaceutical biology (-2.9%), home appliances (-2.89%), and power equipment (-2.82%)[1] Capital Flow - The concept sectors with the highest net inflow included rare earth permanent magnets (¥3.757 billion), rental and sale rights (¥1.249 billion), small metals (¥1.053 billion), community group buying (¥0.622 billion), and artemisinin (¥0.377 billion)[1] - The top three stocks by net inflow were Dongshan Precision (¥2.167 billion), Seres (¥1.714 billion), and Tongfu Microelectronics (¥1.617 billion)[1] Financing and Margin Trading - As of October 31, the net inflow for margin financing was ¥44.436 billion, with a total margin balance of ¥1,708.908 billion[1] - The electronic sector led the net buying with ¥9.767 billion, followed by computers (¥7.466 billion) and non-bank financials (¥4.719 billion)[1] Economic Indicators - The U.S. non-farm payrolls for October showed an increase of 120,000, significantly below the expected 113,000, with the unemployment rate stable at 4.1%[1] - The probability of a 25 basis point rate cut by the Federal Reserve has surged to 99.7%[1] Regulatory Developments - The upcoming National People's Congress is expected to discuss raising the government debt ceiling, which may support economic stability[1] - The Shanghai Stock Exchange has emphasized strict regulation against improper mergers and acquisitions disguised as restructuring[1]