［12月3日］指数估值数据(大盘还会上4000点么）

Core Viewpoint - The market is experiencing fluctuations, with the Shanghai Composite Index expected to stabilize around 4000 points in the long term, eventually reaching higher levels like 5000 and 6000 points [10][11][12][13]. Market Performance - The overall market has seen declines, with large, mid, and small-cap stocks all dropping, particularly small-cap stocks [2]. - The value style of stocks has shown resilience during market volatility, while growth style indices have generally decreased [3][7]. - The Hong Kong stock market has also experienced a downturn, especially in technology stocks, which are now considered undervalued [8][9]. Index Analysis - The Shanghai Composite Index has fluctuated around 3900 points, with historical context showing that it has previously reached lower levels during bear markets [19][28][30]. - The long-term trend indicates that the index is driven by earnings growth, which will ultimately support its rise above 4000 points [22][32]. - The broader A-share market, including Shenzhen and ChiNext stocks, has already surpassed 4000 points when considering indices like the CSI All Share Index [33][35]. Investment Strategy - The long-term upward trend of indices provides a solid foundation for investing in index funds, with expectations of both earnings growth and potential valuation increases during bull markets [39][41]. - The article emphasizes the importance of being prepared for market cycles and having a well-planned investment strategy to capitalize on undervalued opportunities [48]. New Features - A new feature in the "Today Star" app allows users to view core data and real-time valuations of mainstream ETFs, helping investors identify undervalued ETFs [44][46].