核心观点回顾历史,当前A股市场与2020-2021年行情存在显著的相似性,这种相似性不仅体现在宏观政策取向上,也反映在产业轮动规律和资金配置行为中。类比2020年至2021年的A股的内在逻辑,从政策引导到产业升级再到资金共振,当前A股仍然遵循同样的传导链条。复盘上一轮行情的异同,我们认为,A股市场正处于新一轮政策驱动和产业趋势共同构造的牛市初期。相似点是构筑牛市的基础宏观层面来看,2025年,...
Source Link核心观点回顾历史,当前A股市场与2020-2021年行情存在显著的相似性,这种相似性不仅体现在宏观政策取向上,也反映在产业轮动规律和资金配置行为中。类比2020年至2021年的A股的内在逻辑,从政策引导到产业升级再到资金共振,当前A股仍然遵循同样的传导链条。复盘上一轮行情的异同,我们认为,A股市场正处于新一轮政策驱动和产业趋势共同构造的牛市初期。相似点是构筑牛市的基础宏观层面来看,2025年,...
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