对股票市场影响最大的三个周期｜投资小知识

Group 1 - The core viewpoint of the article emphasizes the cyclical nature of the stock market, highlighting three main cycles: profit growth, funding conditions, and investor sentiment [2][3][5][6][8] - The first cycle is profit growth, where listed companies experienced significant profit growth of over 20% during certain periods, but stagnated in 2022-2023 due to economic downturns [2] - The second cycle relates to funding conditions, which can be observed through interest rate fluctuations, typically occurring in 3-5 year cycles, affecting the flow of capital into higher-yielding investments [3][5] - The third cycle is the sentiment cycle, characterized by periods of extreme fear and greed among investors, which is the shortest of the three cycles [6][7] - Understanding these cycles helps explain the recurring nature of bull and bear markets, reinforcing the idea that long-term investment opportunities exist despite short-term challenges [8]