陆股通净流出前十的股票是航天环宇、长光华芯、雪人集团、思维列控、航天机电、 雷科防务等。 主要宽基、板块及风格指数今日表现如下图所示。 一、 市场表现 20251208大部分指数处于上涨状态，规模指数中中证2000指数表现较好，板块指数中 创业板指表现较好，风格指数中沪深300成长指数表现较好。通信、电子、计算机、 非银、国防军工行业表现较好，煤炭、石油石化、食品饮料、钢铁、电力公用事业行 业表现较差。光模块(CPO)、光芯片、光通信、通讯设备精选、基站等概念表现较 好，央企煤炭、贵州省国资、黄金精选、磷化工、PTA等概念表现较差。 二、市场情绪 20251208收盘时有78只股票涨停，有8只股票跌停。昨日涨停股票今日高开高走，收 盘收益为5.10%，昨日跌停股票今日收盘收益为-1.87%。今日封板率69%，较前日下 降7%，连板率34%，较前日提升6%。 三、市场资金流向 截至 20251205 两融余额为24817亿元，其中融资余额24641亿元，融券余额176亿元。 两融余额占流通市值比重为2.6%，两融交易占市场成交额比重为10.3%。 四、折溢价 20251205当日ETF溢价较多的是卫星ETF，E ...

Group 1: US Stock Market Analysis - The report suggests that the current rebound in the US stock market may be forming a large double top, indicating a potential end to the rally [1][19][25] - From a cyclical perspective, the S&P 500 and Nasdaq 100 are in a downward phase similar to the period around 2008, suggesting comparable risks [1][19][21] - The valuation perspective shows that as of May 16, 2025, the difference between the US 10-year Treasury yield and the inverse of the S&P 500 P/E ratio has risen to 0.68%, indicating lower investment attractiveness in US equities compared to bonds [1][35][37] Group 2: A-Share Market Performance - The A-share market showed a preference for value styles, with strong performances in financial and consumer sectors [2][10][11] - The report highlights that various ETFs, particularly large-cap and value ETFs, outperformed during the week, while TMT-related sectors have not fully recovered from previous lows [2][10][11] - The analysis of industry indices since early April indicates that sectors like retail, banking, and agriculture have recovered well, while technology sectors still have room for recovery [2][10][11] Group 3: Genetic Programming Industry Rotation Model - The genetic programming industry rotation model has achieved an absolute return of 14.64% this year, outperforming the industry equal-weight benchmark by 13.79 percentage points [3][39][40] - The model currently favors sectors such as computers, electronics, machinery, media, and home appliances, while excluding telecommunications [3][39][40] - The model's strategy balances TMT-related growth sectors with traditional industries and consumer-related sectors to maintain a diversified portfolio [3][39][40] Group 4: Absolute Return ETF Simulation - The absolute return ETF simulation portfolio has seen a slight decline of 0.05% last week but has accumulated a total return of 3.70% year-to-date [4][43][44] - The portfolio's asset allocation is based on recent trends, with a balanced focus on resource sectors like steel and non-bank financials, alongside technology sectors [4][43][44] - The current holdings include energy and soybean ETFs, while gold ETFs have been excluded [4][43][44] Group 5: Global Asset Allocation - The global asset allocation simulation currently favors bonds and foreign exchange, with a predicted ranking of future returns showing bonds at the top [47][48] - The simulation has recorded an annualized return of 7.29% with a Sharpe ratio of 1.50, although it has faced a decline of 3.64% year-to-date [47][48] - The strategy emphasizes a higher risk budget for assets such as Chinese and US bonds [47][48]