宝城期货股指期货早报（2025年11月28日）-20251128
Bao Cheng Qi Huo·2025-11-28 05:31

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - The short - term and medium - term views of the stock index futures are mainly range - bound, with a weak intraday view. The main reason is that the upward momentum of the stock index has weakened due to weak policy signals, and the willingness of funds to liquidate and leave the market temporarily has increased. However, there are still strong support forces for the stock index, such as the strong expectation of future policy benefits and the unchanged trend of long - term funds entering the market. Overall, the current market main line is not clear, and the stock index will mainly fluctuate in the short term [1][5] Group 3: Summary by Related Catalogs Variety Viewpoint 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 - bound". The core logic is that the willingness of funds to liquidate has increased in the short term [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - For IF, IH, IC, and IM, the intraday view is "weak", the medium - term view is "oscillation", and the reference view is "range - bound". The core logic is that the stock index rose and then fell yesterday, with the whole - market turnover shrinking by 93.5 billion yuan compared with the previous day. Due to weak policy signals, overseas Fed rate - cut expectations, and AI investment bubble risks, the willingness of funds to liquidate and leave temporarily has increased. Although the profit growth rate of industrial enterprises above designated size from January to October 2025 has slowed down, and the consumption and investment data in October have weakened, the expectation of future policy benefits is still strong, and the support force for the stock index is strong. Therefore, the stock index will mainly fluctuate in the short term [5]