Group 1 - The overall market is experiencing an upward trend, with the market rating at 5 stars, close to 4.9 stars [1] - All market caps are rising, with small-cap stocks showing slightly higher gains [2] - Growth style stocks are performing better than others [3] Group 2 - Positive news emerged after the A-share market closed, contributing to market optimism [4] - Hong Kong stocks surged significantly after 3 PM, with the Hang Seng Tech Index rising over 5% [5] - The surge is attributed to preliminary positive developments in US-China tariff negotiations, maintaining a 10% universal tariff and postponing a 24% reciprocal tariff while canceling 91% of retaliatory tariffs [6][7] Group 3 - The positive tariff news is also beneficial for RMB-denominated assets [7] - The A-share market may reflect these gains in the following trading day due to the timing of the news [9] - The tariff crisis in early April had previously led to a global stock market decline, highlighting the dual-edged nature of tariff increases for USD assets [10] Group 4 - Hong Kong stocks have seen a continuous rise for five weeks [15] - The uncertainty surrounding Trump remains, but such events often present good buying opportunities during short-term volatility [17] - In September of the previous year, both Hong Kong and A-share valuations were at historical lows, with similar performance in subsequent rebounds [18][19] Group 5 - Since the Chinese New Year, Hong Kong stocks have outperformed A-shares, with the Hang Seng Index rising 18% more than the CSI 300 [21] - The technology and pharmaceutical sectors in Hong Kong have also outperformed their A-share counterparts by over 20% [21] - Hong Kong stocks are primarily RMB assets but have a higher proportion of foreign investors compared to mainland funds [24][26] Group 6 - The military industry has seen significant gains recently, with interest in military indices and their valuation [31] - Military indices, such as the CSI Military Index, have high P/E ratios exceeding 100, primarily due to past profit volatility [39] - The military sector is considered a long-term investment theme, with indices like technology and military expected to remain relevant [36] Group 7 - The "Monthly Salary Treasure" investment combination has lowered its entry threshold to 200 yuan and opened a regular investment feature [56] - This combination employs a 40:60 stock-bond balanced strategy and has shown significant excess returns since inception [55] - The market is currently rated at 5.0 stars, indicating a suitable investment phase for the Monthly Salary Treasure combination [58]

每经记者 叶峰 每经编辑 肖芮冬 4月A股主要指数出现调整，但大资金却在借道ETF积极进场。 行业主题上看，机器人、军工、医疗相关ETF被资金看好，而券商、芯片相关ETF被资金抛售。 消息面上，4月7日，中央汇金发布公告称，坚定看好中国资本市场发展前景，充分认可当前A股配置价值，并表示已再次增持ETF，未来将继续增持。此 次，除中央汇金外，多家中央企业也出手增持中国股票资产。 机器人ETF获资金青睐 在行业主题ETF方面，4月净流入资金超5亿元的基金有12只，其中机器人ETF、军工ETF和医疗ETF份额分别增加了26.46亿份、15.68亿份和45.42亿份，净流 入资金23.28亿元、16.7亿元和16.12亿元。 4月逾2300亿资金借道ETF进场 本周沪深两市成交3.25万亿元，其中沪市成交1.38万亿元，深市成交1.87万亿元。截至最新收盘，沪指报收于3279.03点，全周下跌0.49%，深证成指报收于 9899.82点，全周下跌0.17%。 从4月整月来看，沪指累计下跌1.7%，深证成指累计下跌5.75%，创业板指累计下跌7.4%，科创50指数累计下跌1.01%。 受盘面影响，相关指数ETF在4月集 ...

50等大盘股微跌，小盘股上涨。 文 | 银行螺丝钉 （转载请注明出处） 今天大盘微涨微跌，波动不大，还在5.1星。 昨天比较坚挺的价值风格，今天微跌，成长风格微涨。 最近市场风格轮动比较明显。 遇到下跌的时候，大盘、价值股相对抗跌； 遇到上涨的时候，小盘股、成长股弹性更大。 盈亏同源。 两者搭配会让组合更稳定一些。 1. 昨天有朋友问，像红利等指数基金，有一些成立以来，年化达到10%以上甚至更高。 看起来红利指数的波动也不大，那投资者岂不是很容易就拿到这个收益？ 那投指数基金还有啥难的？ 确实，是有一些红利指数基金，成立多年，年化达到10%以上（加上分红）。 例如最基础的中证红利。这个多年甚至达到10年以上。 投资者在低估的时候买入红利基金，并长期坚持下来，也会获得这个收益。 当时有价值风格的基金，被投资者赎回超过90%。 2022年-2024年，红利等指数，在熊市中比较有优势，跑赢了大盘。 这两年红利又受欢迎。 从全市场角度， 但难就难在坚持上。 基金投资者，平均持有股票基金的时间长度是几个月。 但是A股是存在风格轮动的。 红利属于价值风格，遇到成长风格牛市的时候，就会跑输市场。 例如在2019-2020年 ...