宝城期货股指期货早报（2026年2月2日）-20260202

Group 1: Report Industry Investment Rating - Not provided in the content Group 2: Core Viewpoints of the Report - The short - term view of the stock index is mainly for shock consolidation, with short - term upward driving force weakened, while the medium - and long - term is supported by policy - side positive expectations and the continuous net inflow of incremental funds into the stock market [5] Group 3: Summary by Relevant Catalogs Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term view is shock, the medium - term view is shock, the intraday view is bullish, and the reference view is shock consolidation. The core logic is that the valuation end has risen rapidly, the stock index is in shock consolidation, and demand is warming up [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, IM. The intraday view is bullish, the medium - term view is shock, and the reference view is shock consolidation. The core logic is that last Friday, each stock index fluctuated and declined, showing a trend of bottom - hunting and rebound throughout the day. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 286.24 billion yuan, a decrease of 39.7 billion yuan from the previous day. Affected by the fluctuation of precious metals, market sentiment weakened rapidly, and commodities with large previous increases generally corrected, and the stock index was also affected. Due to the clear expectation of the regulatory authorities to control risks and the fact that the increase of this round of stock rebound is mainly contributed by the valuation end, the short - term upward driving force of the stock index has weakened. The weakening of market sentiment caused by the precious metals market has led to an increase in the willingness of the capital side to take profits. In the medium and long term, the positive expectations on the policy side and the continuous net inflow of incremental funds into the stock market constitute the main supporting force for the upward movement of the stock index [5]