宝城期货股指期货早报-20251125

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Core View of the Report - The short - term market competition intensifies, and the stock index will mainly fluctuate within a range in the short term. However, in the long - term, the stock index is not pessimistic, and there is strong support below after a significant short - term correction [5]. 3) Summary According to Related Catalogs Variety View Reference - Financial Futures Stock Index Sector - For IH2512, the short - term view is "oscillation", the medium - term view is "oscillation", the intraday view is "weak", and the reference view is "range oscillation". The core logic is that the willingness of funds to settle increases in the short term [1]. - For IF, IH, IC, and IM, the intraday view is "weak", the medium - term view is "oscillation", and the reference view is "range oscillation". The core logic is that the policy expectation driving the stock market to rise has declined in the short term, the risk appetite of technology stocks has decreased, and there is a demand for technical consolidation of the stock index. However, in the long - term, the policy and capital factors remain positive [5]. Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - Yesterday, the stock indexes fluctuated and consolidated. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 1740.3 billion yuan, a decrease of 243.3 billion yuan from the previous day. The short - term policy expectation has declined, and the risk preference of technology stocks has decreased due to the risk of profit realization in global AI investment. In the short term, there is a demand for technical consolidation of the stock index, and the willingness of funds to leave the market to avoid risks has increased. In the long - term, the policy and capital factors remain positive, and the stock index is not pessimistic [5].