宝城期货股指期货早报（2025年11月11日）-20251111

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The short - term view of the stock index is interval oscillation, with the mid - term view being strong and the intraday view being bullish. The core logic is the game between the profit - taking intention of funds and the expectation of policy benefits. In the short term, the incremental policy signals weaken, and the profit - taking intention of profitable funds rises with the increase in stock valuations, so the stock index needs to consolidate through oscillation. In the long run, the expectation of policy benefits and the trend of capital inflow into the stock market support the stock index [1][5] Group 3: Summary According to the Catalog Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2512, the short - term view is oscillation, the mid - term view is strong, the intraday view is bullish, and the reference view is interval oscillation. The core logic is the game between the profit - taking intention of funds and the expectation of policy benefits [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - For IF, IH, IC, and IM, the intraday view is bullish, the mid - term view is strong, and the reference view is interval oscillation. Yesterday, each stock index oscillated slightly. The total turnover of the Shanghai, Shenzhen, and Beijing stock markets was 2.1944 trillion yuan, an increase of 174.2 billion yuan from the previous day. The stock market is in an oscillating market with mixed long and short factors. The fermentation rhythm of policy benefit expectations and the profit - taking rhythm of funds are in a game, limiting both the upward and downward momentum of the stock index. In the long run, policy benefit expectations and capital inflow trends support the stock index, especially as next year is the beginning of the "14th Five - Year Plan". However, in the short term, the stock index needs to consolidate through oscillation due to the weakening of incremental policy signals and the rise in profit - taking intention [5]