量化择时周报：市场情绪细分指标出现修复、改善-20251222

Group 1: Market Sentiment Model Insights - The market sentiment score has slightly decreased to 1.1 as of December 21, down from 1.35 the previous week, indicating a neutral view from a sentiment perspective [7][11] - There is a notable improvement in the overall sentiment index score this week, with signs of a rebound in market trading activity [7][11] - The price-volume consistency indicator has shown improvement, suggesting a recovery in market sentiment, although structural differentiation remains [11][12] Group 2: Trading Activity and Volume - The total trading volume for the entire A-share market decreased by 9.86% week-on-week, with an average daily trading volume of 17,604.84 billion yuan [15] - The highest trading volume was recorded on December 17 at 18,343.65 billion yuan, indicating a peak in market activity [15] Group 3: Industry Performance and Trends - As of December 19, industries such as beauty care, pharmaceuticals, non-bank financials, agriculture, and retail have shown upward trends in short-term scores [39] - The communication sector has the highest short-term score of 79.66, indicating strong performance potential [39][40] - The industry crowding indicator shows a strong positive correlation with weekly price changes, with sectors like retail and light manufacturing leading in gains [44] Group 4: Leverage and Risk Appetite - The proportion of financing balance continues to rise, reaching a new high for the phase, indicating an increase in leveraged funds and a structural recovery in risk appetite [27][29] - The RSI indicator has shown a slight recovery, suggesting improved short-term upward momentum, although it remains in a low range [30][33] Group 5: Style and Growth Signals - The current model indicates a preference for small-cap and growth styles, with signals suggesting that growth style may strengthen further [39][49] - The short-term view for the growth style remains positive, while the small-cap style is also favored, although there are indications of potential weakening in future signals [49]