The key point in this wave of market行情 is to learn to "play dumb." Ignore the noise and hold your stocks firmly. The total trading volume across the two markets has surpassed 2.8 trillion yuan, and this capital is definitely not from retail investors—it's driven by institutional funds entering en masse. The shackles that once weighed heavily on institutions have been completely lifted, and capital is fully freed, as they are once again taking on the responsibility of market prosperity.

Starting from 3047 points, the market has never sung a bearish tune; and when the index broke above 4000 points, a phase of the task was completed. Remember the emphasis near 3800 points—that would be the low point of the year, and each judgment has been fulfilled. So how far can 2026 go? There are all kinds of voices in the market—some shout 5000 points, some mention 6124 points, and there are even dreams of hitting 10,000. But a look at history makes it clear that the行情 has its own rhythm. Last year, around the Spring Festival, it was extremely vigorous, but then in April, a piece of negative news caused all the previous gains to be wiped out. That’s the truth of the market—zigzagging forward amid volatility, and profits earned in one week can be lost just as quickly.

The logic for the 2026行情 mainly comes from three core supports:

First, the RMB appreciation cycle is coming, which will attract a large influx of new capital. The Fed’s rate cuts in the US are also in sync, providing a heavyweight positive signal for the entire Asia-Pacific stock markets.

Second, a batch of heavyweight tech companies will go public, opening up new imagination space for the market. Commercial aerospace, chips, and hard-tech enterprises capable of stable supply to international markets are expected to become focal points for capital competition.

Third, in a low-interest-rate environment, funds sleeping in various safes will actively flow into high-yield capital markets.

From this, it’s clear that the market in 2026 will not lack money. But abundant capital doesn’t mean the index will rise unilaterally all the way. Remember, we are a manufacturing-based country. If everyone makes easy money from stock trading, who would be willing to work diligently and invest in the real economy? The idea of "everyone trading stocks and everyone making money" is itself a paradox. Where does profit come from? Someone has to lose.

Looking ahead to this year, the core focus is on meeting the financing needs of tech stocks, and through positive feedback from the capital market, boosting confidence in the real economy. Under this big logic, a blindly狂热炒作行情 is unlikely to occur, and the current broad涨格局 will be hard to sustain for long.

The market is a touchstone. There are only three directions that can truly make money:

1. Stocks with performance. Explosive performance is always an undefeated theme in the stock market; real profit growth is the fundamental reason for a bull market in stock prices.

2. Tracks with technological advantages. Hard-tech sectors like commercial aerospace, computing chips, and companies capable of stable supply to international markets will become the core focus of long-term capital.

3. Directions supported by policies. Tracks that receive genuine support, under the dual boost of capital and policies, are expected to see持续上涨 in行情.