伦敦谈判结果！到底怎么看？

Group 1 - The core viewpoint of the article emphasizes the significance of the recent cooperation framework agreement between China and the U.S., highlighting the professional, rational, in-depth, and frank nature of the discussions [1][2][3] - The term "professional" indicates that both parties engaged on an equal level, allowing for effective exchange of ideas [2] - "Rational" suggests that the discussions avoided irrational escalation, focusing instead on genuine communication of intentions [2] - "In-depth" implies that the talks addressed core interests, akin to discussing essential matters in a serious relationship [2] - "Frank" indicates that while there are still significant differences, the acknowledgment of these differences is part of the ongoing dialogue [3] Group 2 - Trump's recent statements are characterized as exaggerated, particularly regarding the supply of rare earths, which are unlikely to be fully released [7][8] - The article clarifies that the 55% tariff mentioned by Trump does not reflect new information but rather maintains the status quo established in previous negotiations [9][10] - The analysis suggests that the perceived disparity in tariff rates is misleading, as it does not account for previous tariffs imposed by the U.S. [11] - The article posits that the negotiations have returned to a more balanced state, akin to the conditions established in Geneva [13] Group 3 - The article discusses the performance of the brokerage sector, noting a general upward trend in stock prices, particularly in the context of a bull market [15] - It highlights the historical role of brokerage stocks as indicators of market trends, benefiting from increased trading activity during bull markets [17][19] - The unique operational nature of brokerages, which serve as intermediaries between the market and investors, is emphasized as a key factor in their performance [18] - The article warns that while brokerages may perform well in bull markets, they are also subject to significant volatility and should not be viewed as having long-term growth potential [21] Group 4 - Current valuations of brokerage stocks are assessed, indicating that the price-to-book ratio is approximately 1.57, suggesting they are not overly expensive at present [24][25] - The article concludes with a positive outlook on the market, citing potential for continued investment inflows and a favorable economic environment [29]