Summary
[CITIC Securities: It is recommended to maintain a balance between growth manufacturing and value consumption in configuration]CITIC Securities Research Report believes that it is expected that in August, the extreme differentiation of the A-share market will come to an end, growth and value will return to equilibrium, and it is recommended to grow in configuration. Manufacturing and value consumption have both hands. Domestic industry policies are more long-term, normative rather than subversive. After policy perceptions are corrected, investor sentiment will slowly recover. Recently, the herd effect of market funds has gone to extremes. Both incremental capital building and stock capital adjustments are focused on growth and manufacturing. Under extreme differentiation, the liquidity siphon effect of strong sectors is obvious, and August is increasingly restricted by the overall tight balance of market liquidity. , The market structure will return to equilibrium from extreme differentiation. (E company)
CITIC SecuritiesResearch reportIt is believed that it is expected that in August, the extreme differentiation of the A-share market will come to an end.ChangheValue will return to equilibrium, and it is recommended that both growth manufacturing and value consumption be grasped in terms of configuration. Domestic industry policies are more long-term, normative rather than subversive. After policy perceptions are corrected, investor sentiment will slowly recover. Recently, the herd effect of market funds has gone to extremes. Both incremental capital building and stock capital adjustments are focused on growth and manufacturing. Under extreme differentiation, the liquidity siphon effect of strong sectors is obvious, and August is increasingly restricted by the overall tight balance of market liquidity. , The market structure will return to equilibrium from extreme differentiation.
(Article source: e company)
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