1. 9月是行业轮动强度上行的传统窗口,市场倾向于轮动扩散寻找机会全年视角下,行业轮动存在着较强的季节性规律。每年3-4月份,8-9月份和12月份,通常是行业轮动相对剧烈、缺少主线方向、市场共识相对分散的阶段。而在每年的1-2月份、5-7月份、10-11月份,则是行业轮动强度收敛,具备结构性主线的阶段。8月以来市场共识偏强,行业轮动强度持续逆季节性下行。根据季节性规律来看,9月是行业轮动强度上行的...
Source Link1. 9月是行业轮动强度上行的传统窗口,市场倾向于轮动扩散寻找机会全年视角下,行业轮动存在着较强的季节性规律。每年3-4月份,8-9月份和12月份,通常是行业轮动相对剧烈、缺少主线方向、市场共识相对分散的阶段。而在每年的1-2月份、5-7月份、10-11月份,则是行业轮动强度收敛,具备结构性主线的阶段。8月以来市场共识偏强,行业轮动强度持续逆季节性下行。根据季节性规律来看,9月是行业轮动强度上行的...
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