宝城期货股指期货早报（2025年11月24日）-20251124

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - The short - term view of the stock index is mainly range - bound, with the short - term sentiment of taking profits rising in the stock market. The medium - term view is that the stock index is in a range - bound state, and in the long - term, the positive policy expectations and the trend of continuous capital inflow remain unchanged. After short - term shock consolidation, the outlook for the stock index in the long - term is not pessimistic [1][5] 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For the IH2512 variety, the short - term view is range - bound, the medium - term view is range - bound, the intraday view is weak, and the overall view is range - bound. The core logic is that the willingness of funds to settle profits increases in the short term [1] 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is weak, the medium - term view is range - bound, and the reference view is range - bound. The main reason for the recent stock index correction is that the marginal driving force of domestic policy benefits weakens, and there is risk transmission from overseas stock markets. On November 24, the trading volume of the Shanghai, Shenzhen, and Beijing stock exchanges was 1983.6 billion yuan, an increase of 261 billion yuan from the previous day. In the short term, the stock index is mainly range - bound due to intensified market games, but in the long - term, the positive policy expectations and the trend of continuous capital inflow remain unchanged [5]