宝城期货股指期货早报（2026 年 2 月 24 日）-20260224

Group 1: Report Investment Rating - No information provided Group 2: Core Views - The short - term view of IH2603 is oscillatory, the medium - term view is oscillatory, and the intraday view is bullish, with an overall view of oscillatory consolidation due to rising policy - favorable expectations [1] - The intraday view of IF, IH, IC, and IM is bullish, the medium - term view is oscillatory, and the reference view is oscillatory consolidation. The core logic is that on the last day before the holiday, the stock indices opened low and closed down sharply. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 199.89 billion yuan, a decrease of 161.8 billion yuan from the previous day. Due to the approaching holiday, cash demand was high, the capital market tightened, and investors' willingness to leave the market temporarily increased, resulting in a decrease in trading volume. However, the policy - favorable expectations and the continuous net inflow of incremental funds into the stock market remain unchanged, and the core logic of the medium - and long - term upward movement of the stock indices is still solid. During the Spring Festival holiday, the overseas negative effect was weak, the Trump tariff policy was frustrated in the US Supreme Court, market sentiment was boosted, and Hong Kong technology stocks rebounded strongly on February 23. It is expected that the stock indices will open higher on the first day after the holiday. Considering that the first week after the holiday is close to the policy window of the Two Sessions, the return of liquidity to the stock market will boost market risk appetite, and the stock indices are expected to run oscillatory and bullish [5] Group 3: Summary by Related Catalogs Variety View Reference - Financial Futures Stock Index Sector - For IH2603, the short - term is oscillatory, the medium - term is oscillatory, the intraday is bullish, and the view is oscillatory consolidation with the core logic of rising policy - favorable expectations [1] Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties are IF, IH, IC, and IM. The intraday view is bullish, the medium - term view is oscillatory, and the reference view is oscillatory consolidation. The driving factors include pre - holiday trading volume shrinkage due to capital and uncertainty concerns, but policy - favorable expectations and incremental fund inflows support the long - term upward trend. The overseas situation and technological progress during the holiday are expected to lead to a higher opening after the holiday, and the market is expected to run oscillatory and bullish in the first week after the holiday [5]