Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The short - term view for stock index futures is wide - range oscillation, the medium - term view is upward, and the intraday view is oscillating strongly. The overall reference view is wide - range oscillation [1][5] - The short - term oscillation is due to the game between short - term fund profit - taking and the fermentation of medium - and long - term policy - positive expectations [1][5] - Policy - positive expectations and continuous inflow of funds into the stock market are the medium - and long - term supporting forces for stock indices, but short - term attention should be paid to the intensity of profit - taking at the current position [5] Group 3: Summary by Related Catalogs Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2509, the short - term view is oscillation, the medium - term view is upward, the intraday view is oscillating strongly, and the overall view is wide - range oscillation. The core logic is the game between short - term fund profit - taking and the fermentation of medium - and long - term policy - positive expectations [1] Main Variety Price Quotation Driving Logic - Financial Futures Stock Index Sector - Yesterday, all stock indices rebounded unilaterally. The total turnover of the Shanghai, Shenzhen, and Beijing stock markets was 2464.6 billion yuan, an increase of 460.6 billion yuan from the previous day [5] - Since early September, due to the significant increase in the prices of some stocks and the notable improvement in the valuation side, some investors' willingness to chase the rise has weakened, and the profit - taking of profitable funds has led to a technical adjustment of the stock indices [5] - Policy - positive expectations and continuous inflow of funds into the stock market are the medium - and long - term supporting forces for stock indices. The finance minister pointed out that more active macro - policies will be implemented, and the weak inflation data in August means that demand - boosting policies will continue to be introduced. Meanwhile, incremental funds are continuously flowing into the stock market, with the margin balance exceeding 2.3 trillion yuan, and the trend of residents' transfer from fixed - deposits to the equity market is gradually forming. The expectation of the Fed's interest rate cut is also conducive to the inflow of funds into emerging economies [5] - In the short term, stock indices are expected to mainly show wide - range oscillation, and the subsequent market trend depends on the game between fund profit - taking and the fermentation of policy expectations [5]