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韦建华
实现日均日入三万美金、实现净资产突破过亿美元、实现每年纳税过亿人民币!
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韦建华
韦建华
·
10-28
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韦建华
韦建华
·
10-19
这才是真实的样子
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韦建华
韦建华
·
10-15
$黄金/美元(XAUUSD.FOREX)$
但斌都成香港居民了,看来我也不能落伍啊:计划投资3000万港币投资移民香港!
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韦建华
韦建华
·
09-29
不错不错,美股有钱途!
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韦建华
韦建华
·
09-29
A股不管怎么涨都会跌回去!美股不管怎么跌都会涨回去!
A股大牛市:一份全面的体检报告
国投策略林荣雄团队认为,当前牛市呈现"体量创新高、热度未极端、驱动力不均衡、结构性鲜明"特征,大盘指数尚未出现明确泡沫信号。预计十一前后维持"强势震荡"状态。同时,我们通过外发《A股大牛市:历史与未来》、《A股大牛市:波动与应对》、《A股大牛市:真正的慢牛》三篇系列研究,将本轮大牛市与历次大牛市进行细致观察对比。
A股大牛市:一份全面的体检报告
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韦建华
韦建华
·
09-23
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韦建华
韦建华
·
09-21
$盈透证券(IBKR)$
让美股市场成为取款机,个人投资目标:实现日均日入三万美金、实现净资产突破过亿美元、实现每年纳税过亿人民币。
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韦建华
韦建华
·
09-21
$礼来(LLY)$
美国金卡我要不要买一张?100万美金/人
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韦建华
韦建华
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09-19
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韦建华
韦建华
·
09-19
每天进步1%就是成功人士了
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07:54","market":"sh","language":"zh","title":"A股大牛市:一份全面的体检报告","url":"https://stock-news.laohu8.com/highlight/detail?id=1143064128","media":"林荣雄策略会客厅","summary":"国投策略林荣雄团队认为,当前牛市呈现\"体量创新高、热度未极端、驱动力不均衡、结构性鲜明\"特征,大盘指数尚未出现明确泡沫信号。预计十一前后维持\"强势震荡\"状态。同时,我们通过外发《A股大牛市:历史与未来》、《A股大牛市:波动与应对》、《A股大牛市:真正的慢牛》三篇系列研究,将本轮大牛市与历次大牛市进行细致观察对比。","content":"<html><head></head><body><blockquote><p>国投策略林荣雄团队认为,当前牛市呈现"体量创新高、热度未极端、驱动力不均衡、结构性鲜明"特征,大盘指数尚未出现明确泡沫信号。预计十一前后维持"强势震荡"状态。牛市虽未结束,但已进入考验基本面接力与风格切换的关键阶段,11月将验证"水牛"能否向"基本面牛"过渡。</p></blockquote><p style=\"text-align: left;\"><strong>核心结论:基于我们梳理总结的A股大牛市十大核心跟踪关注指标进行综合评估,截至目前本轮牛市大盘指数并未出现泡沫的明确信号,相较历次大牛市呈现出“体量创新高、热度未极端、驱动力不均衡、结构性鲜明”的特征,我们认为十一前后大盘依然维持”强势震荡“状态。面向四季度,牛市虽并未结束但或已进入考验基本面接力与风格切换的关键阶段,水牛能否向基本面牛定价过渡或许在11月会得以验证。基于历史统计,十一前后发生风格切换并不明显,但Q3-Q4风格切换则颇为明显,意味着Q3涨幅靠前主流品种多数情况在Q4无法进一步延续。显然,我们要提前做好应对的准备。</strong></p><p style=\"text-align: left;\">在伴随本轮A股大牛市不断上涨的过程中,回顾总结我们国投策略林荣雄在三季度的观点预判,应该来说获得充分验证。</p><p style=\"text-align: left;\">对于大盘指数:我们在6-7月界定这场基于主动信贷创造理论下的流动性牛市并始终认为“大盘会比预期得要强”,并在8月底较早鲜明提出“牛且慢”的慢牛呼吁,并反复强调以下两个观点:</p><blockquote><p style=\"text-align: left;\">1、在8月24日周报《牛且慢》种,提出:站上3800点已基本符合我们对于本轮流动性牛市的心理预期,后续持以跟踪态度,但眼下对于短期大盘指数进一步向上空间已经难以合理预估。</p><p style=\"text-align: left;\">2、在8月10日周报《论三头牛》中,提出:在本轮A股大盘指数向上空间真正打开需市场从流动性牛-基本面牛-新旧动能转化牛实现“三头牛”兑现转变,这是未来逐步验证的过程。”</p></blockquote><p style=\"text-align: left;\">对于结构风格:我们在7月中旬周报《首次向杠铃超额发起挑战》中前瞻坚定提出“反杠铃超额”与“Q3胜负手是创业板指和科技科创”,并始终认为:</p><blockquote><p style=\"text-align: left;\">1、“反杠铃策略-中间资产超额回摆”是核心底色,意味着当10年期国债收益率步入长周期震荡,银行-微盘杠铃策略超额表现将下降,同时超额效果将向中间资产回摆。</p><p style=\"text-align: left;\">2、Q3胜负手是创业板指和基于产业逻辑的科技科创是阶段性主要特征。事实上,7月初周报《最佳选择:创!》鲜明提示后创业板指数领涨近45%,科创50指数上涨近40%。</p></blockquote><p style=\"text-align: left;\">同时,我们通过外发《A股大牛市:历史与未来》、《A股大牛市:波动与应对》、《A股大牛市:真正的慢牛》三篇系列研究,将本轮大牛市与历次大牛市进行细致观察对比。随着9月上证指数一度接近3900点,面对自“924”以来大盘指数上涨45%,自407黄金坑以来上涨超过25%,市场上场斜率明显放缓,顶部波动逐渐放大,有一个不得不面对的问题就是:“这场牛市走到哪里了?”</p><p style=\"text-align: left;\">在此,我们全方位对比从2005年至今A股出现的牛市行情,从基本面、估值、资金面、交易特征等多个维度展开评估,并构建了一系列针对市场的跟踪指标,对于牛市的宏观环境、交易热度、行业轮动节奏和牛市顶部进行监测,大致的观察是:当前A股并未进入到非理性过热的状态,呈现“体量创新高、热度未极端、驱动力不均衡、结构性鲜明”;大致的结论是:牛市可能并未结束但已进入考验基本面接力与风格切换的关键阶段。</p><ul style=\"\"><li><p style=\"text-align: left;\">第一,从宏观定位层面,全A总市值和流通市值已创历史新高,市场体量远超历次牛市,但流通市值/GDP与流通市值/M2的比值仍在中低区间,居民存款证券化率不足60%,明显低于2015年接近100%的极端水平。这说明本轮行情更多体现为“体量扩张下的理性上涨”,而非全民加杠杆的狂热牛市,宏观资金池仍有潜力。</p></li><li><p style=\"text-align: left;\">第二,从交易热度层面,换手率和上涨天数占比均未进入历史高位,心理线指标虽回到63%左右,但仍低于2007年、2015年70%的极端值,显示市场赚钱效应处于逐步加强的状态。同时,创新高股票占比仅一成,与2007年、2015年的水平相比差距显著,表明资金结构更集中、轮动更快。本轮牛市成交额已创历史新高,但背后的特征是轮动上涨,未呈现出非理性拥挤特征。</p></li><li><p style=\"text-align: left;\">第三,从资金流入层面,场外增量资金尚未完全跑步进场。新增开户数和基金发行均弱于2015年和2020年,说明散户热情有限。融资余额虽已突破2015年高点,但占流通市值比例依然较低,表明风险偏好提升,却未形成过度杠杆。IPO规模创低位,减轻市场抽血压力,但定增融资维持高位,企业依旧借助资本市场进行再融资。</p></li><li><p style=\"text-align: left;\">第四,从估值与基本面层面,沪深300当前PE约12倍,远低于2007年、2015年时的历史高点,PB同样处于低位,ROE、营收和利润增速仍在低位徘徊,盈利贡献较弱。这意味着本轮上涨主要是利率下行和政策预期带来的估值修复,而非盈利驱动的“基本面牛”。未来能否进一步打开空间,要依赖“三头牛”逐步兑现。</p></li><li><p style=\"text-align: left;\">第五,从市场“广度+深度”的视角来看,牛市能否持续,往往取决于行情的广度与深度是否匹配。广度方面,观察“站上年线的个股占比”这一指标,目前仍处高位但未出现“指数创新高而广度回落”的典型背离信号,这意味着当前上涨并非由少数权重股单独拉动,而是具备一定扩散性。深度方面,能量潮(OBV)等量能指标虽伴随指数上行而走高,但尚未出现价格创新高、量能不再配合的背离格局,这与2007年和2015年牛顶时明显的量价错位不同。换句话说,当前市场的上攻仍得到量能与广度的支撑,尚未出现“泡沫”的警示信号。</p></li></ul><p style=\"text-align: left;\">在此,我们梳理总结A股大牛市十大核心跟踪关注指标,供广大投资者参考:</p><ul style=\"\"><li><p style=\"text-align: left;\">1、A股牛市宏观定位指标:股市资本化率——全A流通市值与M2、GDP之比:当前两个比值均处于中低水平(分别是60%和28%)</p></li><li><p style=\"text-align: left;\">2、A股大牛市宏观定位指标:存款证券化率——衡量居民资金池入市程度:当前处于近十年来较低水平</p></li><li><p style=\"text-align: left;\">3、A股大牛市交易热度指标:市场交易活跃度——基于换手率的分位数水平:当前交易活跃度正逐步接近历史次顶点</p></li><li><p style=\"text-align: left;\">4、A股大牛市交易热度指标:场外资金跑步入场——基于月度新增开户数量:当前散户并未大规模入市</p></li><li><p style=\"text-align: left;\">5、A股大牛市交易热度指标:场外资金跑步入场——基于融资余额和占比:当前两融占流通市值的比例并不高</p></li><li><p style=\"text-align: left;\">6、A股大牛市交易热度指标:股价创历史新高的股票数量占比:当前这一比例仅有10%</p></li><li><p style=\"text-align: left;\">7、A股大牛市行业轮动指标:热门细分成交额占比:当前TMT拥挤度提升,占比达40%以上</p></li><li><p style=\"text-align: left;\">8、A股大牛市赚钱效应指标:A股心理线(PSY)——近120日上涨天数占比:当前该指标已经来到63.33%,处于历史偏高水平</p></li><li><p style=\"text-align: left;\">9、A股大牛市顶部指标:A股牛市广度指标——站上年线的个股数量占比:当前并未”领先“明确大盘见顶信号</p></li><li><p style=\"text-align: left;\">10、A股大牛市顶部指标:A股牛市深度指标——衡量量能配合度的能量潮指标:当前并未出现量价反转信号</p></li></ul><p style=\"text-align: left;\">面向四季度,我们在此前外发周报《四季度胜负手》中鲜明提出:对于大盘指数,我们依然认为十一前后依然维持“强势震荡”,本次十一持股过节大致是合意的。从历史统计上看,一般而言在三季度大盘指数强势的情况下,四季度大盘很少发生下跌。</p><p style=\"text-align: left;\">事实上,当前我们时刻评估四季度“水牛”向“基本面”过渡的可能性,对应跟踪“实现动荡政治周期的缓和与经济周期力量的回摆”的三大核心信号,这点或在11月确认,包括:</p><blockquote><p style=\"text-align: left;\">1、中美关系;</p><p style=\"text-align: left;\">2、美国在9月降息后是否“降息周期”与2026年“财政扩张”;</p><p style=\"text-align: left;\">3、中国在此前“反内卷”与后续10月十五五规划是否能明确“A股盈利底”。</p></blockquote><p style=\"text-align: left;\">若届时11月能实现水牛向基本面逐步过渡,那么毫无疑问对于大盘指数是重大利好,在此之前维持”强势震荡“是合意的。</p><p style=\"text-align: left;\">对于结构而言,基于历史统计,十一前后发生风格切换的现象并不明显,但Q3-Q4出现风格切换则非常明显,意味着Q3涨幅靠前主流品种多数情况在Q4无法进一步延续。</p><p style=\"text-align: left;\">1、短期来看,意味着科技风格并不会那么快结束,结合我们独家构建“A股高切低行情指数”,当前该指标已经触顶回落,意味着低位补涨可能性正在上升,主要对应与A股低位科技(消费电子+机器人)与恒生科技(中概互联),我们依然维持:当前交易信号和逻辑信号均支持9-10月港股科技(中概互联)大概率依然能够从“跟上来”到“顶起来”。</p><p style=\"text-align: left;\">2、中期来看,结合11月水牛向基本面牛的可能性,暗示更值得高度重视的是A股科技/顺周期之间分化已经到历史高位水平,这种需要收敛的交易信号正在等待系统性逻辑信号的明确,若实现基本面牛的过渡,那么“低位顺周期(含全球定价资源品)+出海”成为Q4胜负手可能性将大幅上升。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f4404a67085f389aa587fe891a62f2b4\" tg-width=\"1024\" tg-height=\"559\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3f49f467eb6a607cff202ec9d09657e\" tg-width=\"1024\" tg-height=\"576\"/></p><p class=\"t-img-caption\"><img 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href=https://mp.weixin.qq.com/s?__biz=Mzg2MTcyMjYzOA==&mid=2247547061&idx=1&sn=24b695478441a3d1c2cd1d76339b3c82&chksm=cf86417bf3f3da9458de8afcc672b78053aea0c087cea527fb239fdb7cbeb62b8fee2cd4e2e4&mpshare=1&scene=23&srcid=0928vWSAH7IwMRkhIHIx5VX7&sharer_shareinfo=5cb2b5832289b34ddfdaa8df326e3aa2&sharer_shareinfo_first=f919055f7ef452c5e0b382a2ccf3916b#rd><strong>林荣雄策略会客厅</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>国投策略林荣雄团队认为,当前牛市呈现\"体量创新高、热度未极端、驱动力不均衡、结构性鲜明\"特征,大盘指数尚未出现明确泡沫信号。预计十一前后维持\"强势震荡\"状态。牛市虽未结束,但已进入考验基本面接力与风格切换的关键阶段,11月将验证\"水牛\"能否向\"基本面牛\"过渡。核心结论:基于我们梳理总结的A股大牛市十大核心跟踪关注指标进行综合评估,截至目前本轮牛市大盘指数并未出现泡沫的明确信号,相较历次大牛市呈现出...</p>\n\n<a href=\"https://mp.weixin.qq.com/s?__biz=Mzg2MTcyMjYzOA==&mid=2247547061&idx=1&sn=24b695478441a3d1c2cd1d76339b3c82&chksm=cf86417bf3f3da9458de8afcc672b78053aea0c087cea527fb239fdb7cbeb62b8fee2cd4e2e4&mpshare=1&scene=23&srcid=0928vWSAH7IwMRkhIHIx5VX7&sharer_shareinfo=5cb2b5832289b34ddfdaa8df326e3aa2&sharer_shareinfo_first=f919055f7ef452c5e0b382a2ccf3916b#rd\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/718d9d0cee89dacb8ae3664167fe24e6","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s?__biz=Mzg2MTcyMjYzOA==&mid=2247547061&idx=1&sn=24b695478441a3d1c2cd1d76339b3c82&chksm=cf86417bf3f3da9458de8afcc672b78053aea0c087cea527fb239fdb7cbeb62b8fee2cd4e2e4&mpshare=1&scene=23&srcid=0928vWSAH7IwMRkhIHIx5VX7&sharer_shareinfo=5cb2b5832289b34ddfdaa8df326e3aa2&sharer_shareinfo_first=f919055f7ef452c5e0b382a2ccf3916b#rd","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143064128","content_text":"国投策略林荣雄团队认为,当前牛市呈现\"体量创新高、热度未极端、驱动力不均衡、结构性鲜明\"特征,大盘指数尚未出现明确泡沫信号。预计十一前后维持\"强势震荡\"状态。牛市虽未结束,但已进入考验基本面接力与风格切换的关键阶段,11月将验证\"水牛\"能否向\"基本面牛\"过渡。核心结论:基于我们梳理总结的A股大牛市十大核心跟踪关注指标进行综合评估,截至目前本轮牛市大盘指数并未出现泡沫的明确信号,相较历次大牛市呈现出“体量创新高、热度未极端、驱动力不均衡、结构性鲜明”的特征,我们认为十一前后大盘依然维持”强势震荡“状态。面向四季度,牛市虽并未结束但或已进入考验基本面接力与风格切换的关键阶段,水牛能否向基本面牛定价过渡或许在11月会得以验证。基于历史统计,十一前后发生风格切换并不明显,但Q3-Q4风格切换则颇为明显,意味着Q3涨幅靠前主流品种多数情况在Q4无法进一步延续。显然,我们要提前做好应对的准备。在伴随本轮A股大牛市不断上涨的过程中,回顾总结我们国投策略林荣雄在三季度的观点预判,应该来说获得充分验证。对于大盘指数:我们在6-7月界定这场基于主动信贷创造理论下的流动性牛市并始终认为“大盘会比预期得要强”,并在8月底较早鲜明提出“牛且慢”的慢牛呼吁,并反复强调以下两个观点:1、在8月24日周报《牛且慢》种,提出:站上3800点已基本符合我们对于本轮流动性牛市的心理预期,后续持以跟踪态度,但眼下对于短期大盘指数进一步向上空间已经难以合理预估。2、在8月10日周报《论三头牛》中,提出:在本轮A股大盘指数向上空间真正打开需市场从流动性牛-基本面牛-新旧动能转化牛实现“三头牛”兑现转变,这是未来逐步验证的过程。”对于结构风格:我们在7月中旬周报《首次向杠铃超额发起挑战》中前瞻坚定提出“反杠铃超额”与“Q3胜负手是创业板指和科技科创”,并始终认为:1、“反杠铃策略-中间资产超额回摆”是核心底色,意味着当10年期国债收益率步入长周期震荡,银行-微盘杠铃策略超额表现将下降,同时超额效果将向中间资产回摆。2、Q3胜负手是创业板指和基于产业逻辑的科技科创是阶段性主要特征。事实上,7月初周报《最佳选择:创!》鲜明提示后创业板指数领涨近45%,科创50指数上涨近40%。同时,我们通过外发《A股大牛市:历史与未来》、《A股大牛市:波动与应对》、《A股大牛市:真正的慢牛》三篇系列研究,将本轮大牛市与历次大牛市进行细致观察对比。随着9月上证指数一度接近3900点,面对自“924”以来大盘指数上涨45%,自407黄金坑以来上涨超过25%,市场上场斜率明显放缓,顶部波动逐渐放大,有一个不得不面对的问题就是:“这场牛市走到哪里了?”在此,我们全方位对比从2005年至今A股出现的牛市行情,从基本面、估值、资金面、交易特征等多个维度展开评估,并构建了一系列针对市场的跟踪指标,对于牛市的宏观环境、交易热度、行业轮动节奏和牛市顶部进行监测,大致的观察是:当前A股并未进入到非理性过热的状态,呈现“体量创新高、热度未极端、驱动力不均衡、结构性鲜明”;大致的结论是:牛市可能并未结束但已进入考验基本面接力与风格切换的关键阶段。第一,从宏观定位层面,全A总市值和流通市值已创历史新高,市场体量远超历次牛市,但流通市值/GDP与流通市值/M2的比值仍在中低区间,居民存款证券化率不足60%,明显低于2015年接近100%的极端水平。这说明本轮行情更多体现为“体量扩张下的理性上涨”,而非全民加杠杆的狂热牛市,宏观资金池仍有潜力。第二,从交易热度层面,换手率和上涨天数占比均未进入历史高位,心理线指标虽回到63%左右,但仍低于2007年、2015年70%的极端值,显示市场赚钱效应处于逐步加强的状态。同时,创新高股票占比仅一成,与2007年、2015年的水平相比差距显著,表明资金结构更集中、轮动更快。本轮牛市成交额已创历史新高,但背后的特征是轮动上涨,未呈现出非理性拥挤特征。第三,从资金流入层面,场外增量资金尚未完全跑步进场。新增开户数和基金发行均弱于2015年和2020年,说明散户热情有限。融资余额虽已突破2015年高点,但占流通市值比例依然较低,表明风险偏好提升,却未形成过度杠杆。IPO规模创低位,减轻市场抽血压力,但定增融资维持高位,企业依旧借助资本市场进行再融资。第四,从估值与基本面层面,沪深300当前PE约12倍,远低于2007年、2015年时的历史高点,PB同样处于低位,ROE、营收和利润增速仍在低位徘徊,盈利贡献较弱。这意味着本轮上涨主要是利率下行和政策预期带来的估值修复,而非盈利驱动的“基本面牛”。未来能否进一步打开空间,要依赖“三头牛”逐步兑现。第五,从市场“广度+深度”的视角来看,牛市能否持续,往往取决于行情的广度与深度是否匹配。广度方面,观察“站上年线的个股占比”这一指标,目前仍处高位但未出现“指数创新高而广度回落”的典型背离信号,这意味着当前上涨并非由少数权重股单独拉动,而是具备一定扩散性。深度方面,能量潮(OBV)等量能指标虽伴随指数上行而走高,但尚未出现价格创新高、量能不再配合的背离格局,这与2007年和2015年牛顶时明显的量价错位不同。换句话说,当前市场的上攻仍得到量能与广度的支撑,尚未出现“泡沫”的警示信号。在此,我们梳理总结A股大牛市十大核心跟踪关注指标,供广大投资者参考:1、A股牛市宏观定位指标:股市资本化率——全A流通市值与M2、GDP之比:当前两个比值均处于中低水平(分别是60%和28%)2、A股大牛市宏观定位指标:存款证券化率——衡量居民资金池入市程度:当前处于近十年来较低水平3、A股大牛市交易热度指标:市场交易活跃度——基于换手率的分位数水平:当前交易活跃度正逐步接近历史次顶点4、A股大牛市交易热度指标:场外资金跑步入场——基于月度新增开户数量:当前散户并未大规模入市5、A股大牛市交易热度指标:场外资金跑步入场——基于融资余额和占比:当前两融占流通市值的比例并不高6、A股大牛市交易热度指标:股价创历史新高的股票数量占比:当前这一比例仅有10%7、A股大牛市行业轮动指标:热门细分成交额占比:当前TMT拥挤度提升,占比达40%以上8、A股大牛市赚钱效应指标:A股心理线(PSY)——近120日上涨天数占比:当前该指标已经来到63.33%,处于历史偏高水平9、A股大牛市顶部指标:A股牛市广度指标——站上年线的个股数量占比:当前并未”领先“明确大盘见顶信号10、A股大牛市顶部指标:A股牛市深度指标——衡量量能配合度的能量潮指标:当前并未出现量价反转信号面向四季度,我们在此前外发周报《四季度胜负手》中鲜明提出:对于大盘指数,我们依然认为十一前后依然维持“强势震荡”,本次十一持股过节大致是合意的。从历史统计上看,一般而言在三季度大盘指数强势的情况下,四季度大盘很少发生下跌。事实上,当前我们时刻评估四季度“水牛”向“基本面”过渡的可能性,对应跟踪“实现动荡政治周期的缓和与经济周期力量的回摆”的三大核心信号,这点或在11月确认,包括:1、中美关系;2、美国在9月降息后是否“降息周期”与2026年“财政扩张”;3、中国在此前“反内卷”与后续10月十五五规划是否能明确“A股盈利底”。若届时11月能实现水牛向基本面逐步过渡,那么毫无疑问对于大盘指数是重大利好,在此之前维持”强势震荡“是合意的。对于结构而言,基于历史统计,十一前后发生风格切换的现象并不明显,但Q3-Q4出现风格切换则非常明显,意味着Q3涨幅靠前主流品种多数情况在Q4无法进一步延续。1、短期来看,意味着科技风格并不会那么快结束,结合我们独家构建“A股高切低行情指数”,当前该指标已经触顶回落,意味着低位补涨可能性正在上升,主要对应与A股低位科技(消费电子+机器人)与恒生科技(中概互联),我们依然维持:当前交易信号和逻辑信号均支持9-10月港股科技(中概互联)大概率依然能够从“跟上来”到“顶起来”。2、中期来看,结合11月水牛向基本面牛的可能性,暗示更值得高度重视的是A股科技/顺周期之间分化已经到历史高位水平,这种需要收敛的交易信号正在等待系统性逻辑信号的明确,若实现基本面牛的过渡,那么“低位顺周期(含全球定价资源品)+出海”成为Q4胜负手可能性将大幅上升。","news_type":1,"symbols_score_info":{"000001.SH":1.1}},"isVote":1,"tweetType":1,"viewCount":794,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":481507735081424,"gmtCreate":1758579613648,"gmtModify":1758579625712,"author":{"id":"3445050084079069","authorId":"3445050084079069","name":"韦建华","avatar":"https://static.tigerbbs.com/007ffa3d6cab80e8ec9e51e2e3b6b351","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3445050084079069","authorIdStr":"3445050084079069"},"themes":[],"htmlText":"152","listText":"152","text":"152","images":[{"img":"https://static.tigerbbs.com/6ef3ed0749ddc63060b8a47cdc9f06f7","width":"630","height":"945"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/481507735081424","isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1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