The main A-share index fluctuated yesterday. The market shrank throughout the day and fell.Nickelodeongameshows90sThe cycle weight is dragged down by adjustment. By the end of the day, the Prev was down 0.Nickelodeongameshows90s.67%, the Shenzhen Composite Index fell 0.43%, and the gem Index fell 0.32%. The fourth period refers to the strong support of the small-cap stock index. Trading volume in Shanghai and Shenzhen stock markets declined, with a small net inflow of northbound funds. With the concentrated disclosure of annual reports, quarterly reports and institutional positions, as well as the dense emergence of geographical disturbances, the game of market funds is expected to remain fierce in the coming month. Fundamentally, the overall economic performance in the first quarter exceeded expectations, solid investment data showed that domestic demand was still weak, strong overseas inflation led to renewed cooling expectations of interest rate cuts, and domestic and foreign factors restricted the early trend of A shares. The politburo meeting is approaching in April, and the policy side may boost market expectations, focusing on measures such as ultra-long government bonds and reserve requirement cuts. Strategically, we pay attention to the cross-term arbitrage, and the stock index options focus on the space-width span combination.

Researcher: Cai Yuehui

Futures qualification number: F0251444

Futures investment consulting certificate number: 20013101

Assistant researcher: Li Qiurong

Futures qualification number: F03101823

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