Group 1 - The Shanghai Composite Index has surpassed 3800 points, reaching its highest level since August 2015, indicating a strong market sentiment [1] - The article invites investors to participate in a survey to gauge their market outlook and investment strategies, highlighting the importance of individual decisions in the current market environment [2] - The survey aims to reveal underlying market consensus and divergences across four core dimensions: short-term expectations, behavioral signals, risk preferences, and profit-loss pressure [2] Group 2 - The survey is targeted at both novice investors and seasoned market participants, emphasizing that every decision is crucial for understanding market dynamics [2] - The initiative is positioned as a tool for investors to clarify their own investment thoughts while also gaining insights into the collective choices of the investment community [2]

沸腾了！ 8月2 2日下午，沪指突破3 8 0 0点 创2 0 1 5年8月以来新高！ 市场情绪火热 3 8 0 0点集结令！ 快来对号入座 你是满仓吃肉的大佬 还是轻仓观望的谨慎派？ 你是准备顺势加仓 还是赶紧跑路？ 你是更相信政策利好 还是担心泡沫风险？ 别憋在心里 快来参与 【投资者情绪简报】 大调研 中国基金报《投资者情绪简报》 ，想通过在1 0 0+投资者教育社群发起投票，从四大核心维度：短期预期、行为信号、风险偏好、盈 亏压力，动态揭示市场底层的共识与分歧。 无论您是借势冲锋的开户新势力，还是冷眼观望的沙场老将，这里都将成为预判市场水温的群体情绪锚点。参与即解码市场真相 ——因为情绪本身，就是资本市场的另一种真相。 扫码回复 【 3 8 0 0点 】 锁定 《投资者情绪简报》调研结果 无论您是投资新手，还是穿越牛熊的资深人士，您的每一个决策都至关重要。完成调研，不仅能理清自己的投资思路，还能看清全 网投资者的真实选择！ 投资者情绪简报 News Today 我们诚挚地邀请您参与本次调研，您的观点和经验对我们深入了解市场现状、把握投资趋势、为投资者提供更优质的服务具有重要 意义 。 ...

投资者情绪简报 无论您是借势冲锋的开户新势力，还是冷眼观望的沙场老将，这里都将成为预判市场水温的群体情绪锚点。参与即解码市场真相 ——因为情绪本身，就是资本市场的另一种真相。 8月14日早盘，沪指盘中突破3 7 0 0点，为2 0 2 1年1 2月以来首次。 沪指历史上曾数次站上 3 7 0 0点 ： 2 0 0 7年4月首次突破3 7 0 0点，后续高点为6 1 2 4点， 直至 2 0 0 8年3月失守3 7 0 0点，跌至1 6 6 4点； 2 0 15年3月再次突破3 7 0 0点，后续高点为5 1 7 8点，共1 0 0个交易日位于3 7 0 0点上方；2 0 2 1年2月短暂突破3 7 0 0点，仅2个交易日收盘 站上3 7 0 0点。 扫码立即参与调研 又见3 7 0 0点，您怎么看？怎么操作？ 中国基金报《投资者情绪简报》 ，想通过在3万+基金投资者教育社群发起投票，从四大核心维度：短期预期、行为信号、风险偏 好、盈亏压力，动态揭示市场底层的共识与分歧。 News Today ...

Company Overview - Lumen Technologies, Inc. participated in the TD Cowen Communications Infrastructure Summit Conference, with Christopher David Stansbury serving as the Executive VP & CFO [1][2]. Stock Performance - Following the earnings report, Lumen's stock experienced a significant decline of approximately 17%, attributed to a combination of market conditions and investor sentiment [3][4]. - The company is currently facing high leverage at 4.9x, which is a concern for potential investors. However, it is expected that leverage will decrease below 4x upon the completion of the deal with AT&T [4]. Investor Sentiment - There is a notable shift in investor sentiment, with many buy-side investors waiting for leverage to fall below 4x before committing to investments in Lumen [4]. - The existing investor base includes a significant number of passive funds, which may contribute to volatility in stock performance during market downturns [5].

围棋投研 . 业内人士，重点覆盖高端制造 以下文章来源于围棋投研 ，作者伟琪 ↑点击上面图片 加雪球核心交流群 ↑ 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者： 围棋投研 来源：雪球 市场总是反反复复 ， 投资者的心情就跟着起起伏伏 ， 这些都很正常 。 比如7月底市场稍显降温 ， 大家情绪就难免低落 ； 到了8月初 ， 三根阳线接连拉起指数 ， 收盘点位屡创新高 ， 市场就重新热闹了起来 。 要是每天都跟着行情涨跌走 ， 时而兴奋 、 时而沮丧 ， 那也太累了 。 早上坐地铁时 ， 看到群里转发 ， 说某位电新首席分析师简直神了 ， 开个电话会有3000多人参会 ， 而且是推啥啥涨停 ， 不得了 。 巧合的是 ， 我认识这位电新首席挺久了 ， 她是位特别有思想 、 又很有坚持的研究员 ， 看问题的视角也偏长期 。 去年她曾提出过 " 新能源五 虎 " （ 宁德/比亚迪/阳光/东缆/拓普 ） ， 当时就很有共鸣 。 第一点相信没什么可质疑的 ， 从去年2600点一路涨到现在3600点 ， 收盘价还是2022年以来的新高 ， 这时候再说不是牛市 ， 就有点说不过去 ...

当开户潮水遇上情绪漩涡。资本市场的每一次涨跌，不仅是千万投资者的情绪共振，更是新老力量的历史性碰撞。 随着7月开户数同比激增71%，大批新股民持币入场、新基民借道布局，行情的预判、仓位的进退、账户的盈亏，正演变为一场经验值与 冲动值的博弈。 中国基金报" 投资者情绪简报 "，想通过在 1 00多个投资者教育社群 发起投票， 从四大核心维度： 短期预期、行为信号、风险偏好、 盈亏压力 ，动态揭示市场底层的共识与分歧 。 无论您是借势冲锋的开户新势力，还是冷眼观望的沙场老将，这里都将成为预判市场水温的群体情绪锚点。 立即参与投票 参与即解码市场真相——因为情绪本身，就是资本市场的另一种真相。 扫码回复【 投资者情绪简报 】 ...

Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced the resumption of VAT on interest income from newly issued government bonds, local government bonds, and financial bonds starting from August 8, 2025, which has led to mixed reactions in the bond market [1][2]. Group 1: Market Reactions - The bond futures market showed strong performance, reflecting intense speculation among investors regarding the announcement [1]. - Analysts noted that the demand for existing bonds increased post-announcement, but expectations for a significant decline in interest rates in the short term should be tempered [1]. - The potential widening of the yield spread between new and old bonds could be around 10 basis points due to the VAT implications, although uncertainties remain [1]. Group 2: Impact on Bond Market - The resumption of VAT is expected to narrow the yield spread between credit bonds and interest rate bonds by 30 to 50 basis points, as the tax-exempt advantage of interest rate bonds diminishes [1]. - New government bonds may see an increase in issuance rates by 5 to 10 basis points to compensate for the tax burden, while the attractiveness of existing bonds may rise [1]. - Different tax rates applicable to various financial institutions could lead to differentiated investment behaviors, potentially attracting bank funds into interest rate bonds through broader fund products [1]. Group 3: Future Considerations - Post-August 8, attention will be on the auction results of newly issued government bonds and other influencing factors such as real estate policy adjustments and inflation stabilization [2]. - The macroeconomic environment and market sentiment are expected to stabilize following recent negotiations and meetings, with a focus on domestic fundamentals and liquidity changes [2]. - The weak performance of government bond futures in July was attributed to significant sell-offs triggered by rising stock and commodity markets rather than fundamental changes [2].

Group 1 - Current macro policies have laid the foundation for a "structural bull market," but full recovery of investor sentiment will take time [1] - Historical bull markets require three elements: favorable macro policies, market conditions, and improved investor sentiment [1] - The shift from cautious to proactive macro policies is expected to boost liquidity and restore confidence among businesses and investors [1] Group 2 - Institutional investors have shifted from active trading to a more passive and cautious approach, which may hinder sustained market improvement [2] - Many new retail investors are engaging in short-term trading strategies, indicating a need for market maturation before a significant rally can occur [2] - Current economic data shows slow improvement, and there is still a significant amount of untapped capital waiting to enter the market [2] Group 3 - In the context of increasing global economic uncertainty, investors are advised to maintain a rational and steady investment approach [3] - The company emphasizes its commitment to serving the real economy and providing high-quality, responsive trading channels for investors [3]

Group 1 - Investor sentiment is a comprehensive indicator reflecting the psychological expectations and emotional tendencies of investors in financial markets, influenced by trading behaviors and public opinion [1][2] - High investor sentiment indicates strong market confidence, potentially attracting capital inflows, while low sentiment exacerbates risk aversion and suppresses investment activity [1][2] - Behavioral finance suggests that irrational emotions can guide capital towards hot sectors, with high sentiment prompting "herding" behavior among investors, leading management to adjust resource allocation in response to market preferences [1][2] Group 2 - The data spans from 2007 to 2024, focusing on stock posts from forums and social media, presented in Excel format [3][4] - The dataset includes sentiment scores for specific stock codes over the years, showing fluctuations in investor sentiment [4] - The reference for the methodology used to derive investor sentiment is a study by Ren Xiaosong, Sun Sha, and Ma Qian published in 2024 [5]

Group 1: Global Investor Sentiment - Global investor sentiment has reached its most optimistic level since February 2025, with the increase in profit optimism being the largest since July 2020 [1] - The proportion of cash in investment portfolios has dropped to 3.9%, typically indicating an overbought market and triggering a "sell signal" [1] - Investors have the highest overweight position in Eurozone assets since January 2005, despite viewing trade wars as the biggest potential systemic risk [1] Group 2: U.S. Debt and Fiscal Policy - Deutsche Bank forecasts that U.S. debt interest expenses will increase by approximately $100 billion this year, driven mainly by rising outstanding debt [2] - The passage of the "Inflation Reduction Act" has heightened concerns regarding U.S. fiscal health and debt sustainability [2] - The market expects the U.S. Treasury to rely more on short-term bonds to control interest costs in the short term [2] Group 3: Japanese Economic Policy - RBC indicates that the outcome of the Japanese Senate elections could lead to tax cuts and fiscal stimulus, potentially worsening fiscal conditions and delaying interest rate hikes by the Bank of Japan [3] - Japan's 20-year government bond yield has reached a new high of 2.657% since 1999, reflecting rising long-term financing cost pressures [3] Group 4: Asian Currency and Market Dynamics - Barclays notes that low yields on Asian currencies make them less attractive to yield-seeking investors, especially with potential increases in U.S. tariffs [3] - Discussions on de-dollarization are limited by insufficient liquidity and mature domestic markets in many Asian countries [3] Group 5: German Economic Outlook - The ZEW Institute reports that market sentiment is bolstered by hopes for a swift resolution to U.S.-EU tariff disputes and immediate investment stimulus plans from the German government [4] - Despite ongoing global trade conflicts, nearly two-thirds of experts predict an improvement in the German economy [5]