The main A-share index fluctuated yesterday. The Prev rose higher in early trading and broke through the 3100-point mark, then weakened and fell back in the afternoon. As of the close, the Prev is up 0%.Abugarciaambassadeur4600c3.09%, the Shenzhen Composite Index fell 0.05%, and the gem Index fell 0.55%. The performance of the small and medium-sized stock index of the fourth period index is relatively strong. Trading volume on the Shanghai and Shenzhen stock markets rose, with a net capital outflow to the north. The scale of social financing fell in the first quarter compared with the same period last year, which is still at a relatively high level in history. While stabilizing support to the real economy and stabilizing the exchange rate, there is still room for monetary policy. 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 expectations of interest rate cuts cooling again, 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, intertemporal arbitrage follows the term, and stock index options pay attention to bull market spread strategy and air-straddle combination to obtain falling wave returns.

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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