［10月30日］指数估值数据(美元降息落地，对市场有啥影响；红利指数估值表更新）

Core Viewpoint - The article discusses the recent market trends, particularly focusing on the impact of the Federal Reserve's interest rate decisions on global and domestic stock markets, highlighting the performance of various indices and sectors. Market Performance - The overall market experienced a decline, with the CSI All Share Index down approximately 1% [2] - Large-cap stocks showed less volatility compared to small-cap stocks, which experienced a more significant decline [3] - The growth style of stocks saw a notable drop, while value styles remained strong [4][7] - The ChiNext Index fell by 1.8%, indicating a trend of high valuation followed by declines [8][10] Federal Reserve's Interest Rate Decision - The Federal Reserve announced a 25 basis point rate cut, aligning with market expectations, but indicated that a rate cut in December is not guaranteed [14][15][16] - This uncertainty regarding future rate cuts has raised concerns in the market, leading to a short-term decline in U.S. stocks [19] - Since the Fed's first rate cut announcement in September 2024, global stock markets have risen by approximately 28%, with A-shares increasing over 50% and Hong Kong stocks rising over 55% [23][24] Impact of Rate Cuts on Markets - Rate cuts are generally seen as beneficial for the stock market, as lower dollar rates favor global assets [21] - The positive effects of rate cuts are often reflected in the market weeks before the actual announcement, as investors anticipate these changes [25] - The article suggests that the dollar interest rates are likely to continue decreasing, which would benefit RMB assets and potentially lead to further increases in A-shares [26][27] Valuation Insights - The article provides a valuation table for dividend and free cash flow indices, indicating various metrics such as earnings yield, price-to-earnings ratio, and dividend yield for different indices [6][27] - The valuation insights suggest that certain indices are undervalued and suitable for investment, while others are overvalued [42] Additional Resources - The article mentions a live session scheduled for October 31 to discuss investment strategies and insights related to the current market conditions [34] - A free investment guide is offered to help readers understand fund advisory services better [30]