（原标题：两融余额重新站上2万亿！ 有基金经理称将突破6124点！） 时隔十年，两融余额重新站上两万亿元！ 当下市场乐观情绪的持续动力较强，主要源自两方面：一是"反内卷"交易受到杠杆资金认可，博弈政策加码预期；二是中报催化景气交易，医 药、科技等高景气的成长行业符合杠杆资金的选股偏好。 业内人士认为，杠杆资金是一把双刃剑，助涨也助跌，杠杆资金的狂热往往是行情阶段高潮的信号，投资者不宜过度乐观，尤其要回避融资盘占 比较大的高位个股。 上证指数3600点之际，市场争议大，有观点认为，现在这个位置风险大；也有观点表示，3600点是牛市起点。 私募基金信汇泉总经理孙加滢近日表示，现在是史诗级牛市的起点。 随着大盘的持续走高，沪指重新站上3600点，A股市场融资余额水涨船高。截至8月5日，市场融资融券余额为20002.59亿元，为2015年7月2日后， 首度站上2万亿元。 从个股来看，东方财富、中国平安、贵州茅台两融余额居前，分别为232.35亿元、221.35亿元、173.79亿元，比亚迪、中信证券、长江电力两融余 额均超100亿元。 2024年9·24行情以来，融资余额中枢从1.5万亿元升至1.8万亿元，震荡区间延 ...

Core Viewpoint - The upcoming A-share market is predicted to be an epic bull market that will surpass the historical peak of 6124 points, marking the beginning of a significant upward trend in the stock market [1][3]. Group 1: Market Predictions - The current market is likely entering an overall upward cycle, although the exact timing of the bull market is difficult to predict. It is suggested that this bull market may not exceed the 2007 bull market's sixfold increase from 998 to 6124 points, but it is expected to surpass the 6124 peak [3][4]. - Historical analysis shows that countries entering the industrialization phase typically experience long periods of market fluctuations followed by significant upward trends. This pattern has been observed in countries like South Korea and Japan, where substantial market gains occurred within a short timeframe [4][5]. Group 2: Investment Strategies - To benefit from the bull market, investors should be cautious and avoid common pitfalls such as high positions at market peaks and low positions at market lows. Successful investors often act contrary to market sentiment, increasing positions during downturns and reducing them during peaks [8]. - The stock market's rise can stimulate consumer spending due to perceived wealth increases, but this can lead to unsustainable spending habits that may result in future losses [9]. Group 3: Market Dynamics - The Chinese stock market is seen as a suitable outlet for the significant surplus capital available in various sectors, suggesting that it is unlikely to experience severe downturns [10]. - The phenomenon of "bull short, bear long" is expected to continue, driven by emotional market dynamics rather than fundamental factors, leading to potential market bubbles [11]. Group 4: Foreign Investment Trends - Recent foreign investments in Chinese stocks and funds indicate a positive outlook, as China is viewed as a safe and convenient investment destination with relatively low stock valuations [12].

他还提到，预计2025年A股市场的底部区域在3200点左右。当下，建议投资者克服恐慌心态，多配和重配。 出品｜搜狐财经 作者｜汪梦婷 对于A股股民而言，今天无疑是振奋人心的一天——时隔8个月，上证指数重回3500点。 7月9日早盘，上证指数震荡上行，于9时41分成功收复3500点整数关口，为2024年11月8日以来首次。虽然盘后回落到了3500点以下，这也是"9.24行情"以 来，上证指数第三次突破3500点。 与此同时，国家统计局发布数据显示，6月份居民消费价格指数（CPI）同比由上月下降转为上涨0.1%；环比下降0.1%，降幅比上月收窄0.1个百分点。扣除 食品和能源价格的核心CPI同比继续回升，上涨0.7%，创近14个月以来新高。 市场情绪转好，投资者关于市场走势的讨论渐趋热烈：3500点以后怎么走？历史上，熊牛转换、牛市二次启动都与3500点相关，当前A股是否正处于牛市的 起点？ 7月9日盘后，搜狐财经特别对话信汇泉基金总经理孙加滢，就当前的市场行情以及未来走势等内容进行了讨论。 孙加滢认为，目前A股正处于一轮实际性上涨的起点。从两到三年的维度来看，A股未来可能冲上3600点甚至更高，这可能会成为一次 ...