投资建议近期券商板块持续走强,市场情绪回暖、主题催化及资本市场改革深化,共同构筑了此轮板块高景气的底层逻辑。展望未来,我们认为券商板块当前的资金欠配、估值合理格局将提供下行保护,而短期交易情绪的延续、中期主题交易提升的赔率空间、长期资本市场深改的推进,有望进一步打开板块上行空间,建议持续关注券商板块的投资价值。理由情绪回暖+公募新规驱动持仓回升,显著欠配格局下潜在增量资金依旧充裕。1)A股:2Q末...
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