宝城期货股指期货早报-20250722

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints of the Report - The overall view on the stock index futures is that they are expected to rise, with a short - term outlook of oscillating strongly and a medium - term outlook of rising. The main driving force is the policy - driven positive expectations, but the upward momentum may slow down later due to potential capital rotation [1][5]. 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2509, the short - term view is oscillating, the medium - term view is rising, the intraday view is oscillating strongly, and the overall view is rising. The core logic is that the positive policy expectations provide strong support [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties IF, IH, IC, and IM have an intraday view of oscillating strongly, a medium - term view of rising, and an overall reference view of rising. The main rebound momentum comes from policy - driven positive expectations. The trading volume of the stock market is at a high level, indicating positive investor risk preference. However, since late June, some stocks have risen significantly, and potential capital rotation may slow down the upward momentum of the stock index. In the short - term, the stock index will run with a strong oscillation [5].