开源策略:A股风险偏好受到扰动 再平衡仍是主旋律 继续重点推荐小微盘

东方财富网
Aug 23

报告摘要   ● 海外波动加大,A股风险偏好受到扰动  本周海外市场波动明显加大,海外科技股调整、美债利率上行和油价上涨形成共振,全球权益市场风险偏好明显承压,并于周三向A股传导。A股内部跌幅依然与前期涨幅、机构持仓和交易拥挤程度高度相关,高拥挤环境下筹码结构仍然较为脆弱。经过周三快速调整后,周四、周五A股已经重新企稳,当前外部冲击尚未破坏A股中期运行的核心逻辑。但海外环境较此前明显复杂,美债...

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