责任编辑：石秀珍 SF183 责任编辑：石秀珍 SF183 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！ 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 ...

一般而言，1月份是全年信贷投放高峰期，预计规模可达3万亿至4万亿元。信贷投放增加意味着必然有 一部分资金以不同形式流入资本市场，成为春节行情的重要资金来源。同时，春节期间频繁的社交互动 以及对股票、基金的讨论，会扩大财富效应的传播，可能吸引更多投资者节后入市。因此，春节前后市 场表现整体仍可期待，这也是A股市场的季节性规律之一。 1月23日，临近2026年春节，"持股过节还是持币过节"再次引发热议。前海开源基金首席经济学家杨德 龙表示，近期受春季攻势预期与跨年度行情影响，市场出现一定震荡与调整，但这也符合慢牛长牛"进 二退一"的健康走势。待调整结束后，春季攻势行情仍值得期待。 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 因此，持股过节还是持币过节，关键在于持仓结构本身。若持有的是优质股票或优质基金，在慢牛长牛 趋势仍向上的背景下，持股过节或无不妥；相反，若持有的是节前涨幅过大、缺乏业绩支撑、获利回吐 压力较大的个股或主题基金，投资者也可考虑获利了结、持币过节，以更从容的心态度过假期。 ...

Group 1 - The market shows resilience despite recent cooling, with a "spring offensive" anticipated as credit issuance peaks in January, potentially reaching 4 trillion RMB [1][8] - The first quarter is typically a "window" for companies to disclose earnings, allowing for market momentum as most companies do not report formal earnings during this period [1][8] - The discussion around investment returns during the previous year's Spring Festival has created a "wealth effect," attracting more retail investors into the market [1][8] Group 2 - A slow bull market has been established, with investor confidence gradually increasing, and skepticism about the bull market diminishing [2][8] - By 2026, approximately 50 trillion RMB in bank deposits will mature, prompting investors to choose between low-interest renewals or reallocating funds into stocks, bonds, or funds [2][8] - This shift indicates a potential acceleration of capital moving from savings to the stock market, providing additional liquidity [2][8] Group 3 - In 2025, technology stocks are expected to outperform traditional sectors, which are struggling during the economic transition [3][9] - New industries such as AI and semiconductor sectors are thriving, while traditional industries face significant challenges [3][9] Group 4 - The market is expected to deepen in 2026, with more sectors likely to experience rotation, as many traditional stocks are at historical lows and may present investment opportunities [4][10] - Investors will need to decide between high-flying tech stocks and undervalued traditional stocks, leading to diverse investment strategies [4][10] Group 5 - The U.S. financial market is experiencing a simultaneous decline in stocks, bonds, and the dollar, raising concerns about the stability of the dollar [5][11] - The rise in gold prices, nearing $4,800 per ounce, reflects a growing distrust in the dollar, with predictions of further increases in gold prices [5][11] Group 6 - A-shares are expected to outperform Hong Kong stocks, which in turn will outperform U.S. stocks, as domestic investors seek new opportunities in the capital market [6][12] - The potential for a "golden decade" in the A-share market is supported by the shift of residential savings into capital markets [6][12]

Group 1 - The core viewpoint of the article highlights that the public fund industry in China has reached nearly 36 trillion yuan, with active equity funds regaining prominence in the market [1][2] - The article discusses the countdown to the announcement of the "champion funds," indicating a competitive environment within the fund industry [1][2] - The MACD golden cross signal formation suggests positive momentum for certain stocks, indicating potential investment opportunities [1][2] Group 2 - The article emphasizes the significant growth in the public fund industry, reflecting a robust market environment [1][2] - Active equity funds are noted to have reclaimed their leading position, suggesting a shift in investor preferences towards actively managed strategies [1][2] - The mention of the "champion funds" indicates an upcoming recognition of top-performing funds, which may influence investor decisions [1][2]