来源：牛马的江湖 MACD金叉信号形成，这些股涨势不错！ MACD金叉信号形成，这些股涨势不错！ 责任编辑：杨赐 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ | | 2011-07-21 | 北京高峰证券有限责任公司 | 一般臣弊立务 | 机构内变更 | alm | 2020-06-01 2020-11-05 | | --- | --- | --- | --- | --- | --- | --- | | | 2020-06-24 | 北京高峰证券有限责任公司 | 证券投资管询(分析师) | 商职注册 | | | | | 2026-01-05 | lleres and and and and and and and and and and and and and and and and and and and and and and and and and and and and and and and and the will be the with and the will be t | 一般证券业务 | 机构内变更 | | 2026-01-07 | | - | 2026-01 ...

Group 1 - The core viewpoint of the article emphasizes the growth of the A-series index, which has become the largest strategy index category with a scale exceeding 2000-3000 billion by the end of 2025 [2][4] - The A-series index includes three main indices: A50, A100, and A500, which represent different market capitalizations: A50 for large-cap stocks, A100 for large and mid-cap stocks, and A500 for large, mid, and small-cap stocks [3][4] - The A500 index is unique as it was launched after the index fund, contrary to the usual practice of launching the index first [4] Group 2 - From April to May 2025, the A-series indices were undervalued for an extended period, but after May 2025, the market saw an increase, bringing these indices back to normal valuations [3] - Among the A-series indices, the A500, which includes small-cap stocks, showed the strongest performance, followed by A100 and A50 [3] - The A-series index funds have been included in personal pension accounts, highlighting their significance despite being newly established compared to older funds [5] Group 3 - The investment strategy suggested involves using the A-series index as a representative of growth style, paired with value style representatives like dividend or free cash flow indices [5] - The classic strategy of combining growth and value can be achieved by using A50 alongside a low-volatility dividend fund in personal pension accounts [5] - It is advised to consider investments in these indices primarily when they are undervalued [6]

月线（长线多） 支撑：3495-3500 周线（中线多） 支撑：4202 日线（波段多） 支撑：4377 四小时（短期） 关键分水岭4335-45区域，没有出现反转信号之前先看多，关注4420得失 原油 黄金 月线（长线空） 阻力：60.40 四小时（短期） 短线分水岭57.50区间，目前关注57.10-58.20区间破位后再跟随 【今日重点关注的财经数据与事件】2026年1月5日周一 ① 09:45 中国12月RatingDog服务业PMI ② 15:30 瑞士11月实际零售销售年率 ⑥ 23:00 联合国安理会举行紧急会议 注：以上仅为个人观点策略，仅供查阅交流，没有给予客户任何投资建议，与客户的投资无关，更不作为下单的依据。 周线（中线空） 阻力：58.20 日线（波段空） 阻力：57.10 ③ 17:30 欧元区1月Sentix投资者信心指数 ④ 17:30 英国11月央行抵押贷款许可 ⑤ 23:00 美国12月ISM制造业PMI ...

最近干货文章总是莫名其妙被删，失联的风险还是很大的呀！备用小号大家一定要关注一下，以防万 一。 最近用了一个月的时间，写了2026年的投资策略，昨天发布之后，大家好评如潮，可能因为题目的原 因，看的人不多，没看的一定要看，这么干货的文章，我可能半年才写一次，大家珍惜。 2026年的第一个交易日要来了，子煊跟大家汇报一下2025年带大家做定投的战果。组群定投也就半年， 目前第20个跟投群也快满了，我自己总持仓55万，我最近计划利用春季躁动继续加仓10万元，未来持续 加仓，我自己持仓会到100万以上。大家想做投资轻松一点，直接抄作业的话，可以直接进群跟投，参 与的粉丝反馈都很不错。我的微信：calmzixuan168或小助理xxtvugrb。 参与跟投的品种和细节安排，我之前文章写的很详细，一个追求超额，一个追求稳健，没看的一定要看 看。原文： 01 海内外宏观新闻跟踪 第一，逮捕马杜罗行动由美军三角洲特种部队执行，马杜罗夫妇目前在一艘美国军舰上，他们将在纽约 被起诉。据环球网，美国总统特朗普3日称，美方已成功对委内瑞拉实施打击，抓获委内瑞拉总统马杜 罗及其夫人，并带离委内瑞拉。据美国哥伦比亚广播公司（CBS）最 ...

40 s and the see and the series of the series of the series of the series of the series of the series of the series of the series of the series the series the series the serie E 並若跟印有限公司研究所所长 102 中央广播电视总台经济之声 央广网北京12月31日消息（记者郑国华）据中央广播电视总台经济之声报道，市场被恐惧和贪婪驱动，但人类的头脑和情感如此复 杂，仅用这两种情绪解释显然不够。2025年的资本市场，黄金价格整体趋势一路飙涨、科技与红利资产分化、全球资本市场格局 在"安全优先"的号角下悄然重构。在这样的市场中，普通投资者踏错节奏往往不仅是由于信息滞后等因素，更重要的也可能是落入 了自己的心理陷阱。本期节目邀请金融街证券股份有限公司研究所所长、首席经济学家张一，带大家回望2025年黄金投资的"心跳 时刻"，看看投资者最常落入的行为陷阱，同时给出2026年股、债、黄金配置策略与心智修炼指南。 ...

Core Insights - Investment strategies should be tailored to different income levels, as financial flexibility varies significantly based on earnings [2] Group 1: Low Income ($30,000 or less) - Individuals earning $30,000 or less face significant financial constraints, making it challenging to save for long-term goals like retirement [3] - Households with incomes below $35,000 report higher psychological distress, emphasizing the need for financial stability [3] - Establishing an emergency fund covering three to six months of living expenses is crucial for alleviating financial stress [3] - After creating an emergency fund, it is advisable to save 10% of income and invest in a safe bond ETF, such as Vanguard's Total Bond Market fund [4] - Investing $250 monthly in a bond ETF could yield approximately $9,000 over three years, plus additional earnings depending on interest rates [4] - With a safety net established, individuals can take calculated risks in education and career to pursue higher-paying opportunities [5] Group 2: Middle-Class Income ($65,000) - Earning $65,000 is considered middle-class in the U.S., with the median individual income at $45,140 and median household income at $83,730 in 2024 [6]

Fundraising Strategy - The company emphasizes a tailored approach to fundraising, adapting strategies based on location, timing, circumstances, and individuals involved [1] - Key phrases include transforming crises into opportunities and maintaining strategic determination while expanding strategic depth [1] - The focus is on leveraging strategic compensation capabilities to form systemic advantages and execute coordinated efforts [1] Investment Strategy - The investment strategy highlights addressing bottlenecks, breakpoints, and pain points within the industry chain [3] - It advocates for nurturing leading enterprises to drive development and promote cluster growth [3] - The strategy also includes a focus on resource integration and using investments to facilitate practical training and development [3] Return Investment Strategy - The company promotes a localized and differentiated approach to investment, emphasizing precision and professionalism [5] - It stresses the importance of structured operations and accountability in achieving local development goals [5] - The strategy aims to enhance local enterprises by strengthening and expanding their operational chains [5] Operational Goals - The company aims to enhance efficiency and stability in growth while optimizing resource allocation [8] - It focuses on achieving significant outcomes with minimal expenditure and maximizing returns on existing resources [8] - The operational goals include improving structural resilience and promoting transformation within the industry [8] Annual Summary and Future Plans - The company plans to implement continuous improvements and enhancements in its operations and strategies [10][11] - It aims to achieve new breakthroughs and improvements in performance and operational effectiveness [12] - The focus is on practical execution and maintaining a strong commitment to achieving set goals [13][16]

对于大多数投资者而言，投资第一步往往是设定收益目标："我今年要赚多少？""是否能跑赢大盘？""这笔投资能否翻倍？" 然而，在知本洞察的长期研究中，一个更值得优先提出的问题是："我能承受多少亏损？" 因为在真实的市场世界，投资者面临的最大不确定性不是收益的高低，而是亏损的深度与速度。 能否承受亏损，决定了一个投资者能否活着走到"收益"的那一段。 换句话说，所有投资系统的起点不是"我要赚多少"，而是"我能撑多久"。 一、为什么"承受亏损能力"才是投资的第一性问题？ 知本洞察指出，这是由投资的底层结构决定的。 1. 收益来自概率分布，亏损来自行为崩溃 收益需要时间积累，亏损往往只需要一次错误决策。而一次严重的亏损，往往源于情绪，而非市场。 2. 回撤对未来收益造成永久伤害 从数学上看：亏损 50%，需要上涨 100% 才能回本。亏损越深，修复越难。 因此，损失承受能力决定了策略的可持续性。 3. 投资失败本质上是"心理失败" 投资者不是输在市场波动里，而是输在不能承受波动。 知本洞察发现：绝大多数投资者在亏损并非"破产"前就已经"心态破产"。 承受能力不足 → 策略提前中断 → 结构被破坏 这是许多投资者无法长期稳 ...

Group 1 - The article discusses unexpected investment strategies that have been adopted by some funds, particularly focusing on the performance of the Beijing Stock Exchange (BSE) and its impact on fund returns [4]. - Funds heavily invested in BSE stocks, such as Xinghua Jingcheng Mixed Fund, Tongtai Kaitai Mixed Fund, and Tongtai Yuanjian Mixed Fund, have shown significant short-term performance due to the BSE's recent outperformance compared to the Shanghai and Shenzhen markets [5][6]. - The BSE has a 30% limit on price fluctuations, which, combined with its lower liquidity compared to the main board, results in higher volatility for funds employing this strategy. This limits the scale of such funds, making it challenging for larger companies to participate [7]. Group 2 - The article introduces the concept of global rotation, where funds adjust their market allocations across different regions, such as A-shares, Hong Kong stocks, and U.S. stocks. An example is the Chuangjin Hexin Global Pharmaceutical and Biotechnology Fund, which has successfully adjusted its allocations this year, particularly reducing Hong Kong stocks and increasing U.S. stocks [8][9]. - Some sectors or themes may be more suitable for global rotation strategies, indicating potential for more products to explore this approach [9]. - The article also mentions ETF rotation strategies, particularly among funds of funds (FOFs) like Guotai Industry Rotation Stock Fund, which can engage in ETF rotation despite having limited positions [10][11]. - FOF products capable of ETF rotation tend to exhibit higher volatility compared to their peers, often ranking at both ends of the performance spectrum, which requires not only skill but also a strong mindset from investors [12].

Core Viewpoint - The 2025 Securities Times Analyst Annual Conference and Best Analyst Awards Ceremony was held in Suzhou, focusing on enhancing financial service quality and supporting the development of the real economy [2][4]. Group 1: Event Overview - The conference gathered over 60 securities firms, nearly 100 listed companies, and more than 300 financial institutions, totaling around 2,000 attendees [4]. - Keynote speeches were delivered by prominent figures, including the Chief Economist of Changjiang Securities and the Chairman of Jiemai Technology [4]. - The main forum emphasized the importance of financial services in supporting the real economy, with subsequent specialized forums addressing hot investment topics [4]. Group 2: Best Analyst Awards - The 2025 Best Analyst Awards were announced, showcasing a strong lineup of analysts in the Chinese securities research field [5]. - The Superior Super Research (SSR) team award was given to top firms including Changjiang Securities, GF Securities, and others, highlighting their industry influence [6]. - In macroeconomic research, GF Securities' research team led by Guo Lei won first place, followed by teams from Huachuang Securities and others [6]. Group 3: Investment Strategy Discussion - From December 18 to 19, top analysts discussed macroeconomic trends and investment strategies for 2026 with representatives from major investment institutions [8]. - Guo Lei noted two key characteristics for 2025's pricing: the rise of global narratives and the differentiation of economic fundamentals, with precious metals and emerging market stocks expected to perform well [8]. - Looking ahead to 2026, Guo Lei predicted a convergence of global narratives and a narrowing of domestic economic disparities, with potential for improved investment conditions [9].