策略日报：甩轿-20250730

Group 1: Market Overview - The report indicates that the stock market is expected to continue its upward trend despite recent adjustments, with the A-share financing ratio reaching 10%, indicating overheated speculative sentiment [5][20][24] - The U.S. stock market is projected to reach new highs as trade agreements with major economies are expected to boost risk appetite and profit expectations [26][28] - The report highlights that the bond market is anticipated to experience fluctuations, with a downward trend expected after recent gains [4][10][17] Group 2: Sector Performance - The report notes that sectors such as film and television, and oil and gas development are leading the market, while previously strong sectors like batteries and electronics are experiencing declines [21] - The commodity market is showing signs of recovery, with the Wenhua Commodity Index rising by 0.83%, although some commodities are experiencing price divergence [34][37] Group 3: Policy and Economic Indicators - The report emphasizes the importance of ongoing U.S.-China trade negotiations and domestic policies aimed at stabilizing growth and reducing competition in key industries [9][38] - It mentions that the Central Political Bureau has set a dual expansion policy for fiscal and monetary measures to support economic recovery [38]