［7月9日］指数估值数据(冲击3500点；不同星级都有什么投资机会？）

Core Viewpoint - The article discusses the current market conditions, emphasizing the importance of market valuation levels (star ratings) in guiding investment decisions and identifying potential opportunities and risks. Group 1: Market Overview - The market experienced slight fluctuations, with large-cap stocks showing minimal volatility while small and mid-cap stocks faced more significant declines [2][3]. - Consumer and pharmaceutical sectors saw minor gains, while the Hong Kong stock market, which had previously risen, faced a downturn [4]. - The article reflects on historical market discussions regarding index levels, noting the challenges of reaching significant milestones like 2000 points during bearish phases [5][6]. Group 2: Investment Opportunities by Star Ratings - The star rating system is used to assess market valuation, with 5 stars indicating the best investment opportunities due to low valuations [8][9]. - At 5 stars, the market is often at its most pessimistic, presenting the highest potential for stock and fund investments [10][13]. - A 4-star rating indicates low valuations for some stocks, allowing for selective investment opportunities [15][18]. - A 3-star rating suggests normal valuations, where low-value stocks are scarce, and it may be prudent to pause new investments [20][21]. - Ratings of 2 stars and below indicate a late-stage bull market with most stocks overvalued, where extreme investment opportunities may arise despite general market caution [24][27]. Group 3: Historical Context and Future Projections - Historical data shows that as market profitability increases, index points also rise, with examples from past bull markets illustrating this relationship [32][36]. - The article notes that the current market is at 4.8 stars, with discussions about future index levels potentially reaching 4000 or 5000 points [7][29]. - The star rating system has been consistently updated, reflecting the market's journey from 5.9 stars to 1 star over time [28]. Group 4: Tools and Resources - The article introduces a new version of the "Today’s Star" app, which provides expanded index valuation data and allows users to purchase corresponding index funds [46][47]. - The app includes features for filtering indices by categories, enhancing user experience in identifying investment opportunities [46].