科技内部的“老登”“小登”之争

华尔街见闻
Jan 12

报告要点1、科技“老登”与“小登”之争,本质是增量资金在“共识增长”的“老登”与“非共识增长”的“小登”之间寻找估值弹性的再平衡。2、基本面视角来看,地产政策的新增量与PPI降幅持续收窄使得春季躁动有望延续。3、本轮春季躁动行情过半,十六连阳下的时间空间均仍有半成余量,成交/行业分化/热度/两融看交易未极端过热。4、配置:①关注非共识的热门主题:有色/脑机接口/半导体/机器人/AI应用/保险;②...

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