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风格轮动过快,建议适度观望
鲁明量化全视角· 2025-07-06 03:22
Group 1 - The market continued to rise last week, with the CSI 300 index increasing by 1.54%, the Shanghai Composite Index by 1.40%, and the CSI 500 index by 0.81% [3] - Incremental capital has driven the A-share market upward, but internal structural differentiation has re-emerged [3] - The economic fundamentals in both China and the US remain weak, with China's PMI data indicating ongoing pressure from the trade war, and US employment data showing volatility that may not accurately reflect the job market [4] Group 2 - The technical signals have been fulfilled, but the lack of fundamental support suggests that the market may return to a state of fluctuation due to the rapid withdrawal of new capital [5] - The market reached 3500 points, aligning with technical predictions, but the sustainability of this rise is in question due to unfavorable internal structural changes [5] - The recommendation for the main board is to maintain a medium position, while the small and medium-sized market segments should also revert to a medium position, indicating a shift towards a balanced style [5]