宝城期货股指期货早报-20250821

Group 1: Report's Industry Investment Rating - Not provided Group 2: Report's Core View - The short - term view of the stock index is mainly oscillating strongly, and the medium - term view is upward. The reference view is also upward. Policy - side favorable expectations strongly support the stock index, and factors such as trading volume, capital inflow, and the development of the technology AI industry all contribute to the positive trend of the stock index [1][5] Group 3: Summary According to Relevant Content 1. Variety View Reference - Financial Futures Stock Index Sector - For IH2509, the short - term view is oscillating, the medium - term view is upward, the intraday view is oscillating strongly, and the overall view is upward, with favorable policy expectations as the core support [1] 2. Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is oscillating strongly, and the medium - term view is upward. The reference view is upward. Yesterday, each stock index showed an oscillating upward trend. The trading volume of the three major stock markets in Shanghai, Shenzhen, and Beijing was 2448.4 billion yuan, a decrease of 192.3 billion yuan from the previous day. The trading volume above 2 trillion yuan indicates positive investor sentiment. Policy - side favorable expectations strongly support the stock index, and policies from both supply and demand sides promote price index recovery and corporate profit repair. Funds from margin trading, institutional long - term funds, and residents' wealth - management funds continue to flow into the stock market, which is positive for the valuation repair of the stock index. At the micro - level, the rapid development of the technology AI industry and the increasing logic of domestic substitution are beneficial to the CSI 500 and CSI 1000 indexes [5]