史上“最不对称”降息落地！小盘成长风格再迎流动性提振？

银华基金02-28

导语：2月20日，史上“最不对称”降息落地，5年期以上LPR超预期、单边大幅度下调25BP指向企业中长期融资成本有望下行，叠加1月M2-M1剪刀差的收敛和信贷投放“开门红”，实体经济复苏动能或将持续增强。当前伴随A股业绩预告的持续披露，中小企业的盈利预期落地，新预期逐步形成，这也是历史上2月份科技成长股走势较强的A股“日历效应“原因。1月份支农支小再贷款利率调降25BP、2月份5年期LPR调降...

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