申万宏源:短期继续看好主题占优,关注算力、人形机器人

申万宏源
26 Jan

后续决定A股风险偏好的因素依然复杂:A股对特朗普对华政策表述仍较敏感,短期是海外压力缓和如约而至,但缓和无法外推。3月后基本面验证期,国内政策执行和效果是主要矛盾。短期,风险偏好难有趋势性变化,依然处于博弈边际变化,窄幅波动的区间中。中长期资金入市,增配高股息是长期正确的方向。而短期,高股息更偏向于是主题轮动的一个环节。继续看好春季交易性资金主导,主题性活跃占优,国内AI算力和应用、人形机器人、...

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