申万宏观·周度研究成果（11.1-11.7）

Group 1: Hot Topics - The article discusses the risks in the U.S. credit market, particularly focusing on the ongoing issues with regional banks and hidden risks within the credit market [9] - It raises the question of whether the short-term economy might exceed expectations due to positive signals from both domestic and international policies since October [11] Group 2: High-Frequency Tracking - The article notes that a trade agreement between China and the U.S. has led to a decrease in gold prices for two consecutive weeks, alongside a 25 basis point rate cut by the Federal Reserve [14] - Domestic freight volumes have significantly increased, despite a lackluster performance in industrial production and weak construction activity [17] - The article suggests that the sharp decline in exports in October may not be due to weakened external demand but rather short-term supply disruptions, which are now dissipating [18]