The 10 trillion yuan policy is released. Open Source Securities: Bull Market Phase 2, firm policy confidence.

On November 8th, Jin10 Data reported that Open Source Securities analyst Wei Jixing stated in the research report that the scale of this conference is very large, which meets the expectation of being neutral and slightly positive. For the market that is already in the second phase of the bull run, it is necessary to “firm up policy confidence and drop the expectation of slope”. He believes that the current policy thinking is to “add force and smoothness”: not wanting to make the market too aggressive at one time, but also emphasizing “incremental policies” frequently. It fully exchanges expectations with the market and expresses its emphasis on market expectations, which is different from the past period. Regarding policy expectations, some policies can be quantified, while some policies are difficult to quantify. It is recommended that investors should not “look at policies only by numbers”, which may lead to misunderstandings in understanding policies. The slow bull market enters the second stage, and the long road ahead is still bright.