首先，九月行情即将收官，长假影响仍主导短期市场。 九月行情即将结束，由于正处于季末，投资者调整持仓成为影响短期市场的主要因素。此 外，即将到来的八天长假，也使得国内投资者更多处于观望状态，市场的成交活跃度较前期有所下降。展望节后市场，市场关注焦点将再次聚焦在国内经 济的运行趋势上。一方面，市场关注需求侧是否会出台更多的方案来稳定经济增速，其中财政政策的发力尤为关键；另一方面，供给侧的"反内卷"工作仍 是重中之重，其事关 PPI 能否回升，进而加快上市公司利润的增长。 其次，两市震荡反弹，沪指收回短期均线。 周一，沪指全天震荡攀升，午后一度向上拉升，但尾盘略有回落，收盘最终站上了有所短期均线。深圳 成指近期继续处于领涨态势，盘中再创本轮反弹新高。两市量能达到 2.1 万亿元左右，较上周五略有增加。微观结构上，全天个股涨多跌少，个股活跃度 有所提高。当天市场热点主要集中在新能源和上游资源品。投资风格较为均衡，差异不明显。 从市场运行节奏看，市场连续上行后，正在展开技术整固，部分分类指数趋势上行。 八月底开始，市场出现一些获利回吐迹象，提示短期多空存在 分歧。当然，目前的技术调整仍处于强势调整阶段。沪指回落的低点仍 ...

Group 1 - The external and internal environment has improved, leading to a market rebound as international trade conflicts have not escalated and negotiations with the US have begun [1] - The central bank announced a reserve requirement ratio and interest rate cut to support the real economy, encouraging market sentiment and slightly shifting the focus upward [1] - The market has entered an earnings vacuum period after the annual and quarterly reports have been disclosed, with thematic investments becoming more active [1] Group 2 - The two markets experienced a volatile rebound with increased trading volume, as the Shanghai Composite Index has continuously risen and filled the gap from April 7 [1] - The Shenzhen Component Index showed a catch-up characteristic but has not yet filled the upper gap, indicating a mixed performance [1] - Market hotspots last week were mainly concentrated in the military and high-end manufacturing sectors, with a general upward trend across various investment styles [1]