Macro and broad asset allocation
China's inventory cycle peaked and fell
Overseas is still at the end of the replenishment cycle
Social finance data show that domestic demand is still weak, and steady growth needs to be further strengthened
China's inflation will not constitute a broad monetary constraint
Research and judgment on the general trend and style of a shares
PPI down, indicating a weaker profit cycle
The profit expectation of gem reflects its comparative advantage
Industry: from track stocks to steady growth chain
Style: from small cap to large cap value
The valuation of broad-based index is mostly near the 50% quantile
Valuation differentiation among industries is still obvious
Industry rotation and comparison
The third high economic boom adjustment was triggered by the first two main factors
The trend of high boom growth industries this year will be better than that of last year's Mao index
From the perspective of withdrawal range, the negative feedback caused by this round of loss effect should stop
There are differences in the prosperity of forward-looking performance
The absolute value level of overall performance growth and the position of disposal are still in a high position
At the beginning of the 21st century, the absolute value of the performance growth of Mao index and the disposal position were not high, and there were representative high-end
Baijiu weight performance growth expectations continue to decline phenomenon
Theme strategy and gold stock combination
Quantitative investment perspective
