宝城期货股指期货早报（2026年1月15日）-20260115

Group 1: Investment Ratings - No specific industry investment rating is provided in the report. Group 2: Core Views - The report expects the stock index to operate in a volatile and moderately strong manner in the short term. The short - term view is that the market sentiment remains optimistic due to the continuous increase in trading volume, and the short - term correction will not change the moderately strong trend of the stock index, though intraday fluctuations may intensify. In the medium and long term, with the continuous fermentation of positive policy expectations and the continuous net inflow of incremental funds into the stock market, the logic of the upward movement of the stock index is relatively solid [5]. Group 3: Summary by Relevant Contents 1. Variety View Reference - Financial Futures Stock Index Sector - For IH2603, the short - term view is "volatile", the medium - term view is "volatile", the intraday view is "moderately strong", and the overall view is "volatile and moderately strong". The core logic is the unchanged positive policy expectations and the trend of capital net inflow [1]. 2. Main Variety Price and Market Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is "moderately strong", the medium - term view is "volatile", and the reference view is "volatile and moderately strong". Yesterday, all stock indexes rose and then fell, with the whole - market trading volume reaching 398.68 billion yuan, an increase of 28.8 billion yuan compared with the previous day. The regulatory authorities raised the minimum margin ratio for margin trading from 80% to 100%, showing a clear intention to reduce leverage and control risks. Due to the significant increase in the valuation of some stocks this year and the weak expectation of performance repair, the market risk preference declined in the afternoon yesterday, leading to a high - level correction of the stock index. However, the continuous increase in trading volume indicates that market sentiment remains optimistic [5].