宝城期货股指期货早报-20251013

Group 1: Investment Ratings - No investment ratings provided in the report Group 2: Core Views - The short - term view of the index futures is wide - range oscillation, the medium - term view is upward, and the intraday view is oscillating stronger. The core logic lies in the game between the profit - taking intention of short - term funds and the fermentation of medium - and long - term policy - benefit expectations [1][5] Group 3: Summary by Relevant Content IH2512 - Short - term: Oscillation; Medium - term: Upward; Intraday: Oscillating stronger; View reference: Wide - range oscillation; Core logic: The conflict between short - term funds' profit - taking intention and the fermentation of medium - and long - term policy - benefit expectations [1] IF, IH, IC, IM - Intraday view: Oscillating stronger; Medium - term view: Upward; Reference view: Wide - range oscillation - Core logic: Last Friday, the stock indexes oscillated and declined. The full - day trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 253.41 billion yuan, a contraction of 13.77 billion yuan from the previous day. Due to the significant increase in stock valuation, the profit - taking intention of profitable funds rose, and the driving force of policy benefits will weaken marginally. In the long run, policy - benefit expectations and the continuous inflow of funds still strongly support the stock indexes. The follow - up trend of the stock indexes depends on the game between the fermentation rhythm of policy - benefit expectations and the profit - taking rhythm of profitable funds. Trump's threat to raise tariffs on Friday night led to a sharp decline in the US stock market, bringing short - term pressure on the stock market, but the long - term impact is relatively limited [5]