周度策略观察（2024年第49周）：预期管理效能期待进一步释放

Group 1: Market Overview - The A-share market experienced fluctuations with a slight rebound followed by a decline, where the Shanghai Composite Index recorded a weekly change of -0.36% [20] - Consumer sectors showed significant strength compared to financial and technology sectors, with notable performance in retail, social services, and media [21] - The average daily trading volume in the market was nearly 20 trillion yuan, indicating sustained trading activity [24] Group 2: Global Market Insights - Central banks in Europe, Switzerland, and Canada lowered key interest rates, with the European Central Bank reducing rates by 25 basis points [55] - The U.S. stock market showed mixed results, with the Dow Jones experiencing a seven-day decline while the Nasdaq reached new highs [55] - Global geopolitical tensions and political instability in certain countries have impacted market sentiment [61] Group 3: Strategic Insights - The report emphasizes the importance of "expectation management" and "market capitalization management" in stabilizing market operations, suggesting a potential positive feedback loop for the stock market [5][60] - The Central Economic Work Conference highlighted the need for proactive fiscal and monetary policies, aiming to enhance market stability and investor confidence [40] - The anticipated release of expectation management effectiveness could lead to a short-term upward trend in the A-share market, particularly in financial stocks [62]