策略点评：“淡化”3500点

中银国际证券股...2025-07-10

上证指数“站上”3500 点，主因金融行业股价强势及“反内卷”政策效果预期。后续上证指数“更进一步”，需要“反内卷”等增量政策落地效果展现。今日上证指数收盘价再度“站上”3500 点，市场对上证指数整数关口一直较为关注，这种关注一方面或主要源于心理层面，另一方面或衍生到所谓触及整数关口或触发量化资金被动卖出的所谓逻辑。我们认为应淡化对于上证指数整数关口的关注。1）关注上证价格还是全收益指数？合理...

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