市场温度计系列之十五：市场情绪继续走弱

Market Sentiment - Personal investor sentiment continues to decline, while institutional investor sentiment briefly recovered before declining again. The constructed sentiment indicators suggest a weak market phase, with no clear signs of improvement in sentiment, indicating potential further downside [1][2] - Institutional sentiment is approaching the low point seen at the end of November 2024, and a stabilization or rebound could significantly uplift the market [1] Industry Sentiment - The industry sentiment indicators show that most sectors are likely to experience short-term declines, with only non-ferrous metals and financial sectors expected to rise. Sectors such as chemicals, machinery, electric vehicles, automotive, electronics, communications, and media may see some improvement, while the majority are projected to decline [1][8] - Personal investors are increasingly focusing on sectors like machinery, pharmaceuticals, computers, electricity and public utilities, construction, and media, while showing decreased interest in chemicals, retail, finance, building materials, transportation, and food and beverage sectors [2][12] Market Participation - The overall number of market participants has recently decreased, with notable increases in participation from sectors like media, computers, pharmaceuticals, building materials, electricity and public utilities, and communications. Conversely, sectors such as automotive, electric vehicles, chemicals, electronics, machinery, and retail have seen significant declines in participant numbers [1][10]