宝城期货股指期货早报（2025年11月13日）-20251113

Group 1: Report Industry Investment Rating - No relevant content Group 2: Report's Core View - The short - term view of the stock index is interval oscillation, with the short - term policy benefit expectation fermentation rhythm and capital profit - taking rhythm in a game. The medium - and long - term view is strong, supported by policy benefit expectations and the trend of capital inflow into the stock market, especially considering the "15th Five - Year Plan" starting next year. However, in the short term, there is a need for technical consolidation as the profit - taking intention of funds rises with the increase in stock valuations [1][5] Group 3: Summary by Related Catalogs Variety View Reference - Financial Futures Stock Index Sector - For IH2512, the short - term view is oscillation, the medium - term view is strong, the intraday view is bullish, and the reference view is interval oscillation. The core logic is the game between the capital profit - taking intention and policy benefit expectations [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - For IF, IH, IC, and IM, the intraday view is bullish, the medium - term view is strong, and the reference view is interval oscillation. Yesterday, each stock index oscillated and consolidated. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 1964.8 billion yuan, a decrease of 49.1 billion yuan from the previous day. In the short term, the game between policy benefit expectations and capital profit - taking leads to the oscillation of the stock index. In the medium and long term, policy benefit expectations and capital inflow support the stock index, but in the short term, there is a need for technical consolidation [5]