宝城期货股指期货早报-20250915

1. Report Industry Investment Rating - No relevant content provided 2. Core Views of the Report - The short - term view of the stock index futures is wide - range oscillation, the medium - term view is upward, and the intraday view is oscillating strongly [1][5] - The policy - side positive expectations and the continuous inflow of funds into the stock market are the long - term supporting forces for the stock index. However, in the short term, due to the significant increase in the valuation of some stocks, there is still a willingness to take profits, resulting in short - term technical adjustment pressure [5] 3. Summary by Related Catalogs 3.1 Variety View Reference - Financial Futures Stock Index Sector - For IH2509, the short - term trend is oscillation, the medium - term trend is upward, the intraday trend is oscillating strongly, and the reference view is wide - range oscillation. The core logic is the game between short - term profit - taking willingness of funds and the fermentation of medium - and long - term policy positive expectations [1] 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, IM. The intraday view is oscillating strongly, the medium - term view is upward, and the reference view is wide - range oscillation [5] - Last Friday, each stock index oscillated and sorted. The total turnover of the Shanghai, Shenzhen, and Beijing stock markets was 2548.3 billion yuan, an increase of 83.7 billion yuan from the previous day [5] - Policy - side positive expectations and the continuous inflow of funds into the stock market are the long - term supporting forces for the stock index. The weak inflation data in August means that policies to boost the demand side will continue to be introduced, increasing policy positive expectations [5] - Incremental funds continue to flow into the stock market. The margin balance has exceeded 2.3 trillion yuan and remained at a high level. The large increase in non - bank deposits in July indicates that residents' wealth allocation may shift to the stock market, and the general trend of continuous inflow of incremental funds remains unchanged [5] - In the short term, due to the significant increase in the valuation of some stocks, there is still a willingness to take profits, resulting in short - term technical adjustment pressure. The future trend depends on the game between profit - taking and the fermentation of policy expectations [5]