宝城期货股指期货早报-20251017

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints of the Report - The subsequent market trend depends on the rhythm change of the game between profit - taking sentiment and policy - positive expectations. In the short term, stock index futures are expected to remain in a wide - range shock [5]. Group 3: Summary by Related Catalogs Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2512, the short - term view is shock, the medium - term view is upward, the intraday view is shock - biased upward, and the overall view is wide - range shock. The core logic is the conflict between short - term capital profit - taking willingness and the fermentation of medium - and long - term policy - positive expectations [1]. Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - For IF, IH, IC, and IM, the intraday view is shock - biased upward, the medium - term view is upward, and the reference view is wide - range shock. The core logic is that yesterday, each stock index showed shock and differentiation. The Shanghai Composite 50 and CSI 300 closed up in shock, while the CSI 500 and CSI 1000 closed down in shock. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 194.87 billion yuan, a decrease of 14.17 billion yuan from the previous day. The newly released September financial data shows that the financing demand of the household sector is still weak, and the problem of insufficient effective domestic demand still exists. Coupled with the external tariff factor disturbance, the expectation of policy - side stabilizing the macro - fundamentals is strong, which forms the medium - and long - term support for the stock index. However, in the short term, there are still external uncertainty risks before November, and the stock valuation has increased significantly, so investors' willingness to take profits has risen, and there is short - term technical adjustment pressure [5].