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9月2日AI复盘

发布于 2026-09-02

<section data-page-node-id="gg5KkE3D9Aox4MFsPiLix2" data-dm-ref="6" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 26px;padding: 16px 16px 4px;background-color: rgb(251, 247, 241);border-left: 4px solid rgb(184, 149, 110);border-radius: 4px;" data-pm-slice="0 0 []"><p data-page-node-id="NfeOrLnnWGaUO1tDHikU1F" data-dm-ref="7" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><span leaf=""><span textstyle="" style="font-weight: bold;">仅作AI复盘分享,不够成投资建议</span></span></p><p data-page-node-id="NfeOrLnnWGaUO1tDHikU1F" data-dm-ref="7" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><span leaf=""><span textstyle="" style="font-weight: bold;">一句话结论</span></span></p><p data-page-node-id="NfeOrLnnWGaUO1tDHikU1F" data-dm-ref="7" style="margin: 0px 0px 14px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><span leaf="">全球无风险利率在同一天共振上行——美债10年期&nbsp;</span><strong data-page-node-id="0tTqZKn6Gsbpk2lAKrl7QM" data-dm-ref="8"><span data-page-node-id="DxVAl67xRmTbBvY7AIV46H" data-dm-ref="9" style="color: rgb(212, 53, 28);"><span leaf="">4.78%</span></span></strong><span leaf="">、日本30年期&nbsp;</span><strong data-page-node-id="rAjBBnwRloFHSS0kYZUbVh" data-dm-ref="10"><span data-page-node-id="c0dcL3zjDt9vl7FKBfErm3" data-dm-ref="11" style="color: rgb(212, 53, 28);"><span leaf="">3%</span></span></strong><span leaf="">(</span><strong data-page-node-id="xlK2gXkiG8UN46e1zYZjEY" data-dm-ref="12"><span data-page-node-id="TTDFDSYx93Ag9iGsWEpp6E" data-dm-ref="13" style="color: rgb(212, 53, 28);"><span leaf="">1996年以来首次</span></span></strong><span leaf="">)、澳大利亚10年期&nbsp;</span><strong data-page-node-id="d8SsxvEA4X3q4ZHLDk4SJC" data-dm-ref="14"><span data-page-node-id="JMkaF1TSECWV5ujMXegifw" data-dm-ref="15" style="color: rgb(212, 53, 28);"><span leaf="">5.19%</span></span></strong><span leaf="">(2011年7月以来最高)。利率是所有资产的估值基准,基准抬升,高估值先被压。但A股同日缩量普涨:三大股指收跌、超&nbsp;</span><strong data-page-node-id="bo35K5DTf5YJNAy4fN1cOq" data-dm-ref="16"><span data-page-node-id="l822nEJ46AC7f5wUHN3vF2" data-dm-ref="17" style="color: rgb(212, 53, 28);"><span leaf="">3300股</span></span></strong><span leaf="">&nbsp;飘红、成交&nbsp;</span><strong data-page-node-id="01Az1QsZ98vpge2ybqwv21" data-dm-ref="18"><span data-page-node-id="aCNwPYjWkzJCO1sXVzad7Z" data-dm-ref="19" style="color: rgb(51, 51, 51);"><span leaf="">2.03万亿</span></span></strong><span leaf="">、缩量近&nbsp;</span><strong data-page-node-id="phShN5wECIbIM83hLBjV9O" data-dm-ref="20"><span data-page-node-id="RQwU5hJ2W8AwLmrvV6krRQ" data-dm-ref="21" style="color: rgb(0, 160, 80);"><span leaf="">1000亿</span></span></strong><span leaf="">。指数跌、个股涨、量能缩,这是存量资金从权重切向题材的左手倒右手,</span><strong data-page-node-id="vV48BRPDI8CUfSSk5yJHpR" data-dm-ref="22"><span data-page-node-id="yeaqFCbMGFSfSt2KX1LJFJ" data-dm-ref="23" style="color: rgb(26, 26, 26);"><span leaf="">不是增量牛市</span></span></strong><span leaf="">。种业是最强主线(种子净额率&nbsp;</span><strong data-page-node-id="brYEvDUzgfcufDIxNYPxoB" data-dm-ref="24"><span data-page-node-id="A6NqoOljQotXdydL3YhhFM" data-dm-ref="25" style="color: rgb(212, 53, 28);"><span leaf="">20.33%</span></span></strong><span leaf="">),但已进入高潮期,追高风险大,</span><strong data-page-node-id="9X0etykVFfC7tgtYOPeFSb" data-dm-ref="26"><span data-page-node-id="NfcXdOgfhGnGFPxTbqiB17" data-dm-ref="27" style="color: rgb(26, 26, 26);"><span leaf="">等分歧低吸龙头</span></span></strong><span leaf="">。</span></p></section><p data-page-node-id="KKENOBNvRkCbEEq0JGYvYP" data-dm-ref="28" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 16px;padding: 0px 0px 0px 12px;border-left: 4px solid rgb(184, 149, 110);font-size: 18px;line-height: 1.5;font-weight: bold;color: rgb(26, 26, 26);"><span leaf="">市场结构</span></p><p data-page-node-id="20mLR6N3VKU2J50vNJ1jnJ" data-dm-ref="29" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="hjZkSJJGYD4IsOplB5gaxf" data-dm-ref="30"><span data-page-node-id="BZU6p4SFnD4WqGIctGb5Mj" data-dm-ref="31" style="color: rgb(184, 149, 110);"><span leaf="">01</span></span></strong><span leaf="">&nbsp; 种业是枢纽,断裂风险在次日</span></p><p data-page-node-id="jcrhtIb24CKJVL6b67cB9H" data-dm-ref="32" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf="">种业/农业一头连着全球食品通胀链,一头连着缩量存量博弈。黑海炮火阻断全球&nbsp;</span><strong data-page-node-id="ss3jYFSvD5jjRzkgOmGozH" data-dm-ref="33"><span data-page-node-id="2348uWlAOrGdSu2lMXg4bO" data-dm-ref="34" style="color: rgb(212, 53, 28);"><span leaf="">四分之一</span></span></strong><span leaf="">&nbsp;小麦出口,芝加哥农产品暴涨,传导到A股农业涨停。但金X米业60日&nbsp;</span><strong data-page-node-id="DYEB6FIhmRhSAte3ddKhJt" data-dm-ref="35"><span data-page-node-id="AhpntiEhQjc1lMx4vINWaD" data-dm-ref="36" style="color: rgb(212, 53, 28);"><span leaf="">+123%</span></span></strong><span leaf="">、秋X种业20日&nbsp;</span><strong data-page-node-id="fhI4x5jMzGeqKJtOIHJ35M" data-dm-ref="37"><span data-page-node-id="2GJ4tUhozHbcMqgLAWqWH0" data-dm-ref="38" style="color: rgb(212, 53, 28);"><span leaf="">+124%</span></span></strong><span leaf="">,短期涨幅巨大。一旦次日炸板退潮,题材撤退可能引发存量资金集体观望。</span></p><p data-page-node-id="hMyV0ypGgOInwNVIhXgplF" data-dm-ref="39" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="gl5HMyxMcEVP7o7W8RmSnm" data-dm-ref="40"><span data-page-node-id="g19LUcz33nN36p45iwQKyM" data-dm-ref="41" style="color: rgb(184, 149, 110);"><span leaf="">02</span></span></strong><span leaf="">&nbsp; 指数结构:权重搭台,题材唱戏</span></p><p data-page-node-id="Gg2HWx9O94voPd4iDT6gSa" data-dm-ref="42" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf="">上证指数8/31收&nbsp;</span><strong data-page-node-id="OD0dHI9YDE2anKPKmZTVto" data-dm-ref="43"><span data-page-node-id="nRJ7myfiy8ARTWp8Avhs1R" data-dm-ref="44" style="color: rgb(212, 53, 28);"><span leaf="">3986.30点</span></span></strong><span leaf="">、</span><strong data-page-node-id="FFJVXQzSrWPqMSBgomc7P1" data-dm-ref="45"><span data-page-node-id="vobLB5rjGnMhoMUNmnFzLe" data-dm-ref="46" style="color: rgb(212, 53, 28);"><span leaf="">+0.86%</span></span></strong><span leaf="">,创7月以来阶段新高;创业板指&nbsp;</span><strong data-page-node-id="zMj49GAVrXWlT3BIIJ7kbM" data-dm-ref="47"><span data-page-node-id="c1GE4tv58Fv1S75u0p900A" data-dm-ref="48" style="color: rgb(51, 51, 51);"><span leaf="">3438.68点</span></span></strong><span leaf="">、</span><strong data-page-node-id="mTEZE4qiaEApHG4FkTs491" data-dm-ref="49"><span data-page-node-id="GpJwTveUWKFMFyo39tlVXL" data-dm-ref="50" style="color: rgb(212, 53, 28);"><span leaf="">+0.42%</span></span></strong><span leaf="">,但8/19曾单日&nbsp;</span><strong data-page-node-id="53Ry0UQ8ZEFFrwupNLfhr2" data-dm-ref="51"><span data-page-node-id="fID8fbSCLJQnD3F3NWU6DI" data-dm-ref="52" style="color: rgb(0, 160, 80);"><span leaf="">-6.26%</span></span></strong><span leaf="">,未能同步创新高。指数创新高靠大金融(非银&nbsp;</span><strong data-page-node-id="j9YXbaq1oDJLrqF5UHSbFe" data-dm-ref="53"><span data-page-node-id="sDqrK8RXRL5eaBHq8UzZkZ" data-dm-ref="54" style="color: rgb(212, 53, 28);"><span leaf="">+27.8亿</span></span></strong><span leaf="">、银行&nbsp;</span><strong data-page-node-id="aP8oCKuvBTcwQgh06EQRFJ" data-dm-ref="55"><span data-page-node-id="c612ssLM3bUesBnRvWrAal" data-dm-ref="56" style="color: rgb(212, 53, 28);"><span leaf="">+5.4亿</span></span></strong><span leaf="">)和电力公用(</span><strong data-page-node-id="oORJh11AOBYkOhrz4IArnI" data-dm-ref="57"><span data-page-node-id="L5lveZHILNVo5DgI9vNk71" data-dm-ref="58" style="color: rgb(212, 53, 28);"><span leaf="">+14.6亿</span></span></strong><span leaf="">)驱动,赚钱效应却集中在种业题材。典型的结构性行情:权重搭台、题材唱戏。</span></p><p data-page-node-id="A4j5G7zLG5j6uOYe4H0SSo" data-dm-ref="59" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="M68gIp43azSx7rH2pTRCSX" data-dm-ref="60"><span data-page-node-id="2DIuF6Z6NEwGmhVqP9LoWO" data-dm-ref="61" style="color: rgb(184, 149, 110);"><span leaf="">03</span></span></strong><span leaf="">&nbsp; 轮动是真传导,但部分板块是假承接</span></p><p data-page-node-id="Rr6iFOQP9cCpCmu53AJqR7" data-dm-ref="62" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf="">扩散路径:种业火源 → 第一层(农产品加工、粮油加工、食品及饲料添加剂、水产、社区团购)→ 第二层(泛消费零售、百货)。这是实物资产在期货市场定价向股票市场滞后传导,</span><strong data-page-node-id="MR0dk1pE3NEhBYSxeyW3V6" data-dm-ref="63"><span data-page-node-id="jYrZxCwG2ldz7qGjhtAzzE" data-dm-ref="64" style="color: rgb(26, 26, 26);"><span leaf="">不是纯概念</span></span></strong><span leaf="">。但要区分真假承接——互联网医疗大单&nbsp;</span><strong data-page-node-id="RoblxhNH27RnO5xXyA41Vo" data-dm-ref="65"><span data-page-node-id="39T8DmmYgNOavYN4iFWLzB" data-dm-ref="66" style="color: rgb(212, 53, 28);"><span leaf="">+8.88亿</span></span></strong><span leaf="">、中单&nbsp;</span><strong data-page-node-id="kS8KHDIFPDP0KF4ZzQT5Hx" data-dm-ref="67"><span data-page-node-id="ZTsVielwtQ1IO6L9Zl72Fr" data-dm-ref="68" style="color: rgb(0, 160, 80);"><span leaf="">-5.97亿</span></span></strong><span leaf="">,网红经济超大单&nbsp;</span><strong data-page-node-id="bUuB3QB9gXdL0KnpWIKfL6" data-dm-ref="69"><span data-page-node-id="on49IKiWzBBPvTLJUx0HI1" data-dm-ref="70" style="color: rgb(212, 53, 28);"><span leaf="">+18.3亿</span></span></strong><span leaf="">、大单&nbsp;</span><strong data-page-node-id="Tb0n4hVoSVG8VmMFeyoAi9" data-dm-ref="71"><span data-page-node-id="KTF5Mah7VWkQpD93W2Ghw4" data-dm-ref="72" style="color: rgb(0, 160, 80);"><span leaf="">-9.3亿</span></span></strong><span leaf="">,都是接力资金断层,</span><strong data-page-node-id="lwsttxz6AAYg7sC2imSsWa" data-dm-ref="73"><span data-page-node-id="L61mr3TuizRnovpVBypOCe" data-dm-ref="74" style="color: rgb(26, 26, 26);"><span leaf="">是假承接</span></span></strong><span leaf="">。</span></p><p data-page-node-id="4D6EXxlGPuVBBeaFJEssE2" data-dm-ref="75" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="i3IffaJ0lXIoshsaY0nuXC" data-dm-ref="76"><span data-page-node-id="dHceRCNKD4H3hEMxB3LP4w" data-dm-ref="77" style="color: rgb(184, 149, 110);"><span leaf="">04</span></span></strong><span leaf="">&nbsp; 北向资金放大进场,但未拆分主动被动</span></p><p data-page-node-id="Nm3Wlcs7YNrmFGVmSuYH3C" data-dm-ref="78" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf="">北向资金余额8/31约&nbsp;</span><strong data-page-node-id="qfF8JPk7pRM4h08XFgUPle" data-dm-ref="79"><span data-page-node-id="yjZHDGPD9fmqAraYqEE76a" data-dm-ref="80" style="color: rgb(51, 51, 51);"><span leaf="">3259.6亿</span></span></strong><span leaf="">,较8/28的&nbsp;</span><strong data-page-node-id="Yl8tBaLBMAaVRG7m3FoPJ1" data-dm-ref="81"><span data-page-node-id="AgBWKSEsLX7FUJVUyG2fjP" data-dm-ref="82" style="color: rgb(51, 51, 51);"><span leaf="">2781.2亿</span></span></strong><span leaf="">&nbsp;增约&nbsp;</span><strong data-page-node-id="Sks9p2W7uUS4HiwOlOQNTT" data-dm-ref="83"><span data-page-node-id="tDyyeHc5d38KOhJfl2hBX6" data-dm-ref="84" style="color: rgb(212, 53, 28);"><span leaf="">478亿</span></span></strong><span leaf="">。总量放大,但主动配置还是被动调仓没有拆分数据,</span><strong data-page-node-id="qe2wXu4HOJPH2q6W3T9E5S" data-dm-ref="85"><span data-page-node-id="SIEfviBjv1W7gBCKVExUTm" data-dm-ref="86" style="color: rgb(26, 26, 26);"><span leaf="">需要明天验证</span></span></strong><span leaf="">。</span></p><p data-page-node-id="9SPZfoGOgycKCeQVCrofPo" data-dm-ref="87" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="rTlliCh5CFghHkK29VJia2" data-dm-ref="88"><span data-page-node-id="T4uhHYYzAbmzykvjJ1URsU" data-dm-ref="89" style="color: rgb(184, 149, 110);"><span leaf="">05</span></span></strong><span leaf="">&nbsp; 市场漏掉的:成本传导滞后链</span></p><p data-page-node-id="7Xbhyuxp3M2CSRYSMR9nh9" data-dm-ref="90" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 26px;line-height: 1.85;"><span leaf="">化肥、运输、食品加工。可可、糖涨&nbsp;</span><strong data-page-node-id="b3vNi6kkTBqUuJKFHvsm9m" data-dm-ref="91"><span data-page-node-id="8XuoACU8uKQKc5wMX3X4U9" data-dm-ref="92" style="color: rgb(212, 53, 28);"><span leaf="">20%</span></span></strong><span leaf="">&nbsp;时,下游加工商的利润&nbsp;</span><strong data-page-node-id="gMxl3pZBxNKbjZD6CzQVwb" data-dm-ref="93"><span data-page-node-id="NPvf7WjIcyGgjjjcmPVPOA" data-dm-ref="94" style="color: rgb(26, 26, 26);"><span leaf="">先被压缩、后爆发</span></span></strong><span leaf="">,这里存在赔率不对称,</span><strong data-page-node-id="m0pRvM1sW9yWnaYkU3Vm59" data-dm-ref="95"><span data-page-node-id="fkGsiVU555kibqAsNhp9sQ" data-dm-ref="96" style="color: rgb(26, 26, 26);"><span leaf="">盘面还没炒到</span></span></strong><span leaf="">。</span></p><section data-page-node-id="xmHeulGTDF7d493t7728gb" data-dm-ref="97" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;height: 1px;background-color: rgb(236, 231, 222);margin: 0px 0px 24px;font-size: 0px;line-height: 0;"><span leaf="">&nbsp;</span></section><p data-page-node-id="YmzoHDeRZGvsIQSCGnvAFZ" data-dm-ref="98" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 16px;padding: 0px 0px 0px 12px;border-left: 4px solid rgb(184, 149, 110);font-size: 18px;line-height: 1.5;font-weight: bold;color: rgb(26, 26, 26);"><span leaf="">关键信号</span></p><p data-page-node-id="zU4JaJdHxvI8ZtAkrIiNPk" data-dm-ref="99" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="NMtPpOfg7TlA7fdlmxwXdE" data-dm-ref="100"><span data-page-node-id="LE1naHJJs14D9XRQjDXAxf" data-dm-ref="101" style="color: rgb(184, 149, 110);"><span leaf="">一</span></span></strong><span leaf="">&nbsp; 债市收益率共振上行,是估值基准抬升,不是单一国家问题</span></p><p data-page-node-id="Nu1hpqHWDsTFDH5JQ23Pcj" data-dm-ref="102" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf="">美债10年期&nbsp;</span><strong data-page-node-id="WSQBwHKAZUyMm6AtFFgoiH" data-dm-ref="103"><span data-page-node-id="3rEzTkgOHFRJr9MI7GzFRa" data-dm-ref="104" style="color: rgb(212, 53, 28);"><span leaf="">4.78%</span></span></strong><span leaf="">、日本30年期&nbsp;</span><strong data-page-node-id="bK0RVVAI6GpQmmHciMk0Wf" data-dm-ref="105"><span data-page-node-id="vyKxWEjWHsMF9WIkxC41qt" data-dm-ref="106" style="color: rgb(212, 53, 28);"><span leaf="">3%</span></span></strong><span leaf="">、澳债10年期&nbsp;</span><strong data-page-node-id="udQpNcLmmxy1DH9Ef8o9oF" data-dm-ref="107"><span data-page-node-id="Qz3pnG7rd3bMbmjPbQjWuW" data-dm-ref="108" style="color: rgb(212, 53, 28);"><span leaf="">5.19%</span></span></strong><span leaf="">,三个市场同时动。这不是某一个国家的通胀,是&nbsp;</span><strong data-page-node-id="DpXq4SnRX735MDX37ttKUE" data-dm-ref="109"><span data-page-node-id="cJ6UhQDrMg31o7nqIYyIZy" data-dm-ref="110" style="color: rgb(26, 26, 26);"><span leaf="">全球无风险利率曲线上移</span></span></strong><span leaf="">。美联储9月加息概率从上周五&nbsp;</span><strong data-page-node-id="rrYZNuKzEa4OR98Ns49mCj" data-dm-ref="111"><span data-page-node-id="ZnVQUnZsadPmnChYrvMV5Y" data-dm-ref="112" style="color: rgb(51, 51, 51);"><span leaf="">60%</span></span></strong><span leaf="">&nbsp;升到&nbsp;</span><strong data-page-node-id="OYc9dtsSdV2HD3eN2WcrQN" data-dm-ref="113"><span data-page-node-id="cUVtFy3oAiIFz3PVcbbloj" data-dm-ref="114" style="color: rgb(212, 53, 28);"><span leaf="">65%</span></span></strong><span leaf="">,市场在给加息定价。利率是折现率,是估值的分母。分母抬升,</span><strong data-page-node-id="Pr879PhPJM6Fco5ReizSGX" data-dm-ref="115"><span data-page-node-id="fzMirhL5JBWMMuyAtNJlkJ" data-dm-ref="116" style="color: rgb(26, 26, 26);"><span leaf="">PE 50倍以上的成长股最先承压</span></span></strong><span leaf="">。全球无风险利率正在从"锚"变成"刀"。</span></p><p data-page-node-id="duTAJPFoA7pF1Vd6HIonZ6" data-dm-ref="117" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="MFJEn77OFowpp38DRTzdEs" data-dm-ref="118"><span data-page-node-id="JtAT39UxHOjrIZJH7SxoCA" data-dm-ref="119" style="color: rgb(184, 149, 110);"><span leaf="">二</span></span></strong><span leaf="">&nbsp; A股缩量普涨是存量博弈,大单小单在劈叉</span></p><p data-page-node-id="xBnoSWDkFF8fsD5OHHyplq" data-dm-ref="120" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf="">指数收跌、3300股飘红、成交缩量&nbsp;</span><strong data-page-node-id="tBVfAW16YJQezQfo6hWa6O" data-dm-ref="121"><span data-page-node-id="bQoGPnOEHJsESlep9gWjRa" data-dm-ref="122" style="color: rgb(0, 160, 80);"><span leaf="">1000亿</span></span></strong><span leaf="">。指数跌、个股涨,说明权重在拖指数、题材在疯炒。权重股概念净流入&nbsp;</span><strong data-page-node-id="QRAkSsImT3cXSQ0lliISpW" data-dm-ref="123"><span data-page-node-id="rsgdKwehD982HHtWLq1jlO" data-dm-ref="124" style="color: rgb(212, 53, 28);"><span leaf="">9.12亿</span></span></strong><span leaf="">,但超大单&nbsp;</span><strong data-page-node-id="EiotzFVxXhpGGcJRPo2rRb" data-dm-ref="125"><span data-page-node-id="FZyQFuBvQ2FlNd5m4TmUFk" data-dm-ref="126" style="color: rgb(212, 53, 28);"><span leaf="">+13.5亿</span></span></strong><span leaf="">、大单&nbsp;</span><strong data-page-node-id="9HazjPTp6xzOpMCfDiBkUM" data-dm-ref="127"><span data-page-node-id="1loGf9sdG6VZqSEKNDvitO" data-dm-ref="128" style="color: rgb(0, 160, 80);"><span leaf="">-4.4亿</span></span></strong><span leaf="">、中单&nbsp;</span><strong data-page-node-id="uffBBLKpKrAvpWq2LW5oGp" data-dm-ref="129"><span data-page-node-id="XQNk7DGUHuIiIKIoddr4LV" data-dm-ref="130" style="color: rgb(0, 160, 80);"><span leaf="">-20.2亿</span></span></strong><span leaf="">。主力拉高、散户在中单承接,这是&nbsp;</span><strong data-page-node-id="DEyf6wywbUSmdz4fZa6J8l" data-dm-ref="131"><span data-page-node-id="sIZik7AN9DTcXsseaPIJJL" data-dm-ref="132" style="color: rgb(26, 26, 26);"><span leaf="">对倒特征</span></span></strong><span leaf="">。没有增量资金,涨停潮是资金从权重切向题材的左手倒右手。低价股补涨(超大单&nbsp;</span><strong data-page-node-id="kxgGRHm63tNMsMbMQudAw1" data-dm-ref="133"><span data-page-node-id="K5BG3BwjZ90H7ahVanoApY" data-dm-ref="134" style="color: rgb(212, 53, 28);"><span leaf="">+10.3亿</span></span></strong><span leaf="">)更是&nbsp;</span><strong data-page-node-id="iO0L2J1JBa5PSmcHW7lbED" data-dm-ref="135"><span data-page-node-id="BomjNITZgs1FM9IZlIiNNT" data-dm-ref="136" style="color: rgb(26, 26, 26);"><span leaf="">行情尾部的信号</span></span></strong><span leaf="">。</span></p><p data-page-node-id="pK4ZlXOxLd2T2xRAa99qLc" data-dm-ref="137" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="e2Awex0HcWmZYRa6tLdTFY" data-dm-ref="138"><span data-page-node-id="F2UJAQ2CxlmNNNFOeAMy4x" data-dm-ref="139" style="color: rgb(184, 149, 110);"><span leaf="">三</span></span></strong><span leaf="">&nbsp; 农业涨停是做多通胀的次优解,已到高潮期</span></p><p data-page-node-id="SmSEv2Xcl1ZYmmLzJ0MkYz" data-dm-ref="140" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf="">黄金被印度喊话压制、原油被产量协议压制,A股资金只能涌向农业股这个&nbsp;</span><strong data-page-node-id="PJ0QfhEncUPh82cKcKADL6" data-dm-ref="141"><span data-page-node-id="AWbwXUgTsMqW2Y2bLIknJE" data-dm-ref="142" style="color: rgb(26, 26, 26);"><span leaf="">次优解</span></span></strong><span leaf="">。次优解意味着波动放大、安全边际更薄。农业霸榜是"物理层级温差"的映射——水产&nbsp;</span><strong data-page-node-id="bYjJrv29gLhbEBLTiq1maX" data-dm-ref="143"><span data-page-node-id="8ZSiWrqwi9NuR6szRG7qBI" data-dm-ref="144" style="color: rgb(212, 53, 28);"><span leaf="">+3.65%</span></span></strong><span leaf="">、社区团购&nbsp;</span><strong data-page-node-id="BvMGNyO06aRTK5Ev5ToQNS" data-dm-ref="145"><span data-page-node-id="k2WXiFPCutwj0wDSGxvZ1P" data-dm-ref="146" style="color: rgb(212, 53, 28);"><span leaf="">+2.79%</span></span></strong><span leaf="">、白酒&nbsp;</span><strong data-page-node-id="Tmiw25sUvB3pn64RikCAWZ" data-dm-ref="147"><span data-page-node-id="8BmBbqHoFtsEGEtCeN8x9J" data-dm-ref="148" style="color: rgb(212, 53, 28);"><span leaf="">+2.14%</span></span></strong><span leaf="">、酿酒&nbsp;</span><strong data-page-node-id="g01aKEs4dvuowsBkVWgAtJ" data-dm-ref="149"><span data-page-node-id="faMeiCYFMSv0BP3oLc1e0o" data-dm-ref="150" style="color: rgb(212, 53, 28);"><span leaf="">+2.20%</span></span></strong><span leaf="">,同属食品通胀链。神X种业&nbsp;</span><strong data-page-node-id="P01uLVEWUn1dJumIBKyU3R" data-dm-ref="151"><span data-page-node-id="iL25sfHdO0UHnqnrR3GiR1" data-dm-ref="152" style="color: rgb(212, 53, 28);"><span leaf="">+20.03%</span></span></strong><span leaf="">&nbsp;收7.55元、换手&nbsp;</span><strong data-page-node-id="rugYrnV0P9B6I0DZhs680j" data-dm-ref="153"><span data-page-node-id="AVI7YosNAbJ7U9rqCn00hM" data-dm-ref="154" style="color: rgb(212, 53, 28);"><span leaf="">37.26%</span></span></strong><span leaf="">,高位放量涨停、筹码大面积易手;隆X高科&nbsp;</span><strong data-page-node-id="eIJVM8znF3Y1mHkiEZ69A3" data-dm-ref="155"><span data-page-node-id="O2Bzamb5kQnCvWC2yJjmWZ" data-dm-ref="156" style="color: rgb(212, 53, 28);"><span leaf="">+10.04%</span></span></strong><span leaf="">&nbsp;收9.97元、PE&nbsp;</span><strong data-page-node-id="vD934z82U3rOzlB8UXKrC2" data-dm-ref="157"><span data-page-node-id="1ZSHe8XkFDPUy4Tusm7J2J" data-dm-ref="158" style="color: rgb(212, 53, 28);"><span leaf="">257.04</span></span></strong><span leaf="">,康X种业&nbsp;</span><strong data-page-node-id="v9OVGOEqivYF8csfz7CQrx" data-dm-ref="159"><span data-page-node-id="Btfn8hgLpTWQzaX3hFG27m" data-dm-ref="160" style="color: rgb(212, 53, 28);"><span leaf="">+21.3%</span></span></strong><span leaf="">,种业链集体涨停。种子净额率&nbsp;</span><strong data-page-node-id="WiMF5dKn9foVy1vBYjqarT" data-dm-ref="161"><span data-page-node-id="haHTgF0QSJ9tIMRfHE7aps" data-dm-ref="162" style="color: rgb(212, 53, 28);"><span leaf="">20.33%</span></span></strong><span leaf="">、种植业&nbsp;</span><strong data-page-node-id="GXMOY0GCAgFVABR2F5TrVD" data-dm-ref="163"><span data-page-node-id="MN2iO09YE5Y8oU21UTGenL" data-dm-ref="164" style="color: rgb(212, 53, 28);"><span leaf="">11.66%</span></span></strong><span leaf="">&nbsp;是今日资金最集中方向,北交所种业股集体大涨(花X科技&nbsp;</span><strong data-page-node-id="DUI99SCd94usWX6pTBodJ8" data-dm-ref="165"><span data-page-node-id="bG4Qj6VLP8xYgIFrSiuUqC" data-dm-ref="166" style="color: rgb(212, 53, 28);"><span leaf="">+29.98%</span></span></strong><span leaf="">),题材进入加速段。操作上&nbsp;</span><strong data-page-node-id="02e1iESOssTFeBZTagka0u" data-dm-ref="167"><span data-page-node-id="9oATbq9jNbK2tQQrw2dXFY" data-dm-ref="168" style="color: rgb(26, 26, 26);"><span leaf="">仓位35%、止损5%、持仓7天</span></span></strong><span leaf="">。首选神X种业、芒X超媒、内X一机,但需&nbsp;</span><strong data-page-node-id="MLgzWBOe6R7ZvHNFBo7H2G" data-dm-ref="169"><span data-page-node-id="HnjGey6J5xzsX0v9hPQdsF" data-dm-ref="170" style="color: rgb(26, 26, 26);"><span leaf="">日内分歧回踩(非一字封死)</span></span></strong><span leaf="">&nbsp;才是买点;回避缩量涨停的种业跟风股(金X米业、登X种业、农X种业量比均&nbsp;</span><strong data-page-node-id="GbEsTG8F5sR6rDzKHuD7aR" data-dm-ref="171"><span data-page-node-id="kfvyul5kBZwJXLuYDj5Vy8" data-dm-ref="172" style="color: rgb(0, 160, 80);"><span leaf="">&lt;0.8</span></span></strong><span leaf="">)。</span></p><p data-page-node-id="GRKsYzJHDoNFMUWEAuoQeS" data-dm-ref="173" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="Fht4vQSqFjKYxFLWXP6f4L" data-dm-ref="174"><span data-page-node-id="Y5EJAPC1sQ0qDYCuIyFPL2" data-dm-ref="175" style="color: rgb(184, 149, 110);"><span leaf="">四</span></span></strong><span leaf="">&nbsp; 保险是利率上行的反直觉受益者</span></p><p data-page-node-id="JGxe6fGCw85B7D4NAqxvP9" data-dm-ref="176" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf="">利率上行对险资是&nbsp;</span><strong data-page-node-id="0d7X8bYjyuFOuFBDoMf6Fl" data-dm-ref="177"><span data-page-node-id="h4wRx2AtrYKgMqLUyPLcQG" data-dm-ref="178" style="color: rgb(26, 26, 26);"><span leaf="">利好,不是利空</span></span></strong><span leaf="">。老债券短期浮亏,但新增资金再投资收益率变高。中X平安&nbsp;</span><strong data-page-node-id="xvl0cTTgIdxqfiYofdDpWw" data-dm-ref="179"><span data-page-node-id="gHFkDUTGisltoem2CmxZpv" data-dm-ref="180" style="color: rgb(212, 53, 28);"><span leaf="">+2.53%</span></span></strong><span leaf="">、主力净流入&nbsp;</span><strong data-page-node-id="dCkPtoqMf2A2hK0XlTT94O" data-dm-ref="181"><span data-page-node-id="P0WLvCuqjWEX56tO0LMhPF" data-dm-ref="182" style="color: rgb(212, 53, 28);"><span leaf="">9.01亿</span></span></strong><span leaf="">,招X银行&nbsp;</span><strong data-page-node-id="e9c5fyljGUXZA8RCvT2HYC" data-dm-ref="183"><span data-page-node-id="eb2VNEW3LTNir1vnKJ4eMp" data-dm-ref="184" style="color: rgb(212, 53, 28);"><span leaf="">+1.84%</span></span></strong><span leaf="">、净流入&nbsp;</span><strong data-page-node-id="zgb1BPaMsXzuhiCdNpAZDO" data-dm-ref="185"><span data-page-node-id="5gSPLvlfQDDi7SA6QO2DH3" data-dm-ref="186" style="color: rgb(212, 53, 28);"><span leaf="">4.47亿</span></span></strong><span leaf="">。聪明钱在抄底利率上行的受益者,不是互联网医疗。互联网医疗大单&nbsp;</span><strong data-page-node-id="qvGmzksdlHr37qGJXIykvq" data-dm-ref="187"><span data-page-node-id="QpjguK0QaBsJBcElP2iFIj" data-dm-ref="188" style="color: rgb(212, 53, 28);"><span leaf="">+8.88亿</span></span></strong><span leaf="">、中单&nbsp;</span><strong data-page-node-id="OOULrbFZypvqj8F7fT72Xu" data-dm-ref="189"><span data-page-node-id="1AuwZnhGiQHYhCVNuYttgY" data-dm-ref="190" style="color: rgb(0, 160, 80);"><span leaf="">-5.97亿</span></span></strong><span leaf="">,是&nbsp;</span><strong data-page-node-id="nkXsu3irJCTo7or19ZlBJh" data-dm-ref="191"><span data-page-node-id="f45SwmzSX3yBFGnOWwcxLC" data-dm-ref="192" style="color: rgb(26, 26, 26);"><span leaf="">机构买、散户卖</span></span></strong><span leaf="">。</span></p><p data-page-node-id="qQKIpf1ZrQELjywSjyP3k5" data-dm-ref="193" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="Zm2weMhWFbryRR5WuomVvu" data-dm-ref="194"><span data-page-node-id="McxXWsBZWyisEgDPm7oXms" data-dm-ref="195" style="color: rgb(184, 149, 110);"><span leaf="">五</span></span></strong><span leaf="">&nbsp; 中X旭创护盘是鱼饵,AI算力没有A股定价权</span></p><p data-page-node-id="tfNPgHtplqp0eDaxsfDHt6" data-dm-ref="196" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 22px;line-height: 1.85;"><span leaf="">中X旭创收&nbsp;</span><strong data-page-node-id="Nx3wHL9l6zugfljPCYydFu" data-dm-ref="197"><span data-page-node-id="G8mI9aG0AcxwZRyW7deGB1" data-dm-ref="198" style="color: rgb(51, 51, 51);"><span leaf="">859.3元</span></span></strong><span leaf="">、</span><strong data-page-node-id="ERGWEwn0JvZFRUXWGXhAZx" data-dm-ref="199"><span data-page-node-id="Yb4b6fZTx83cO09mZJbZ9F" data-dm-ref="200" style="color: rgb(212, 53, 28);"><span leaf="">+0.87%</span></span></strong><span leaf="">、换手&nbsp;</span><strong data-page-node-id="Dcb37gvFVdtxYjgUffDCY3" data-dm-ref="201"><span data-page-node-id="F0bolwzlkkhK7H51NjBGXV" data-dm-ref="202" style="color: rgb(51, 51, 51);"><span leaf="">2.58%</span></span></strong><span leaf="">,PE&nbsp;</span><strong data-page-node-id="bF0KRZtzhtUwhQeXjjQiuP" data-dm-ref="203"><span data-page-node-id="zvfvpZHzahv7UIJLroMpjt" data-dm-ref="204" style="color: rgb(212, 53, 28);"><span leaf="">49.49</span></span></strong><span leaf="">。权重股净流入&nbsp;</span><strong data-page-node-id="WzFGmPPAdDZSaRFBELRwXO" data-dm-ref="205"><span data-page-node-id="f30uKkroLUBOWXugDGdxn5" data-dm-ref="206" style="color: rgb(212, 53, 28);"><span leaf="">9.12亿</span></span></strong><span leaf="">、中单流出&nbsp;</span><strong data-page-node-id="zXdlzDPY081fpGE4BI5SOM" data-dm-ref="207"><span data-page-node-id="xt1GzKNnycABVYNNQf8i8P" data-dm-ref="208" style="color: rgb(0, 160, 80);"><span leaf="">20.2亿</span></span></strong><span leaf="">——主力拉权重护指数,散户在卖。PE 49.49在无风险利率5%的环境里,是&nbsp;</span><strong data-page-node-id="nzECLTCeiHZNkRAOo1WVCK" data-dm-ref="209"><span data-page-node-id="irH4bnNXCQrx5k6soJl53q" data-dm-ref="210" style="color: rgb(26, 26, 26);"><span leaf="">用2026年的估值买2029年的盈利</span></span></strong><span leaf="">。韩国半导体出口&nbsp;</span><strong data-page-node-id="7JtGOJmQaWUyw6GsTA6Ap1" data-dm-ref="211"><span data-page-node-id="zaBuCuFzUwnKRdiuLwSXEj" data-dm-ref="212" style="color: rgb(212, 53, 28);"><span leaf="">+209%</span></span></strong><span leaf="">&nbsp;证明的是HBM和先进制程需求,不是A股光模块的利润。英伟达是AI供应链的中央银行,中X旭创只是央行的印钞机供应商,</span><strong data-page-node-id="UjYJl3Je0ZC34vWbNGLsn8" data-dm-ref="213"><span data-page-node-id="B4sCDT83K0u3tDFkh1u0nL" data-dm-ref="214" style="color: rgb(26, 26, 26);"><span leaf="">央行缩表,供应商先被砍单</span></span></strong><span leaf="">。</span></p><p data-page-node-id="akc9CioQHYvKPIN80Sb6em" data-dm-ref="215" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 6px;font-size: 16px;line-height: 1.6;font-weight: bold;color: rgb(26, 26, 26);"><strong data-page-node-id="oiDgGejAqFVki2edgzyjmP" data-dm-ref="216"><span data-page-node-id="3HikQ9YGEBw0Caq8iMANJu" data-dm-ref="217" style="color: rgb(184, 149, 110);"><span leaf="">六</span></span></strong><span leaf="">&nbsp; 政策三枚暗雷:高股息套利被拆、车企出海套枷锁、房票是赊销</span></p><p data-page-node-id="RxPVBeFabJwbPEViOKQPvv" data-dm-ref="218" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 26px;line-height: 1.85;"><span leaf="">外籍个人股息红利9月1日起征&nbsp;</span><strong data-page-node-id="kYKoEGyxd6y4bSaJo8UMqA" data-dm-ref="219"><span data-page-node-id="GWkB89HtC9ov4xcrqpDSAc" data-dm-ref="220" style="color: rgb(0, 160, 80);"><span leaf="">20%</span></span></strong><span leaf="">&nbsp;个税,</span><strong data-page-node-id="hFvuw5p2bOM6YKk7KJkiln" data-dm-ref="221"><span data-page-node-id="2DEpcMgam5jdmesIAtWGfA" data-dm-ref="222" style="color: rgb(26, 26, 26);"><span leaf="">关闭内资借海外身份吃免税红利的通道</span></span></strong><span leaf="">,高股息全球套利结构被拆。银行批量刷新历史新高,恰在税收利空公布当天。三部门汽车境外竞争合规指引,给车企出海套上合规枷锁,受益的是已有海外建厂的头部车企。上海楼市"沪八条"后一手签约激增&nbsp;</span><strong data-page-node-id="EuIcTnsnTQv2R5KMv4R9Jv" data-dm-ref="223"><span data-page-node-id="CXV6xf751KjrGUscyK2WVs" data-dm-ref="224" style="color: rgb(212, 53, 28);"><span leaf="">90%</span></span></strong><span leaf="">、6个城中村发&nbsp;</span><strong data-page-node-id="hd07TAWC2rQsT6ZfgiR8YJ" data-dm-ref="225"><span data-page-node-id="D68A33TGoyoPiIVpPUMo0R" data-dm-ref="226" style="color: rgb(51, 51, 51);"><span leaf="">446张</span></span></strong><span leaf="">&nbsp;房票,是房票安置把置换需求前置,</span><strong data-page-node-id="DPpjH6hF2btsuPzFhkT55G" data-dm-ref="227"><span data-page-node-id="4BDavZYZZBnAOEfTESdro9" data-dm-ref="228" style="color: rgb(26, 26, 26);"><span leaf="">是赊销不是去库存</span></span></strong><span leaf="">,背面是地方债利息在5%利率下同步飙升。</span></p><section data-page-node-id="24BT4s1bnMKSDuEP2x2HDz" data-dm-ref="229" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;height: 1px;background-color: rgb(236, 231, 222);margin: 0px 0px 24px;font-size: 0px;line-height: 0;"><span leaf="">&nbsp;</span></section><p data-page-node-id="24ZpC5Y8761fqG31iPTe48" data-dm-ref="230" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 16px;padding: 0px 0px 0px 12px;border-left: 4px solid rgb(184, 149, 110);font-size: 18px;line-height: 1.5;font-weight: bold;color: rgb(26, 26, 26);"><span leaf="">明天需要验证的</span></p><p data-page-node-id="vcRVpZVbdYv0WcPLDzXqAv" data-dm-ref="231" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 20px;line-height: 1.85;"><strong data-page-node-id="tmyfplbZdxnCEmmGM1Iwer" data-dm-ref="232"><span data-page-node-id="p8MCFWLCyOnrXwI7dE1yU2" data-dm-ref="233" style="color: rgb(184, 149, 110);"><span leaf="">1&nbsp;</span></span></strong><span leaf="">种业板块是否高开低走或炸板潮——若炸板率快速上升,"存量派对"成立,</span><strong data-page-node-id="6Wig3q22ZBsmooXkZDlnUO" data-dm-ref="234"><span data-page-node-id="Z1klFsEWTFGJIrTXW3DKjD" data-dm-ref="235" style="color: rgb(26, 26, 26);"><span leaf="">仓位降到20%以下防御</span></span></strong><span leaf="">。</span></p><p data-page-node-id="PcPkn3EbHeuwNgpXgAA0Qp" data-dm-ref="236" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 20px;line-height: 1.85;"><strong data-page-node-id="H7OvE0Gl6VsV7DpAu5qt4G" data-dm-ref="237"><span data-page-node-id="yL1Az3SUyl7gnaVaYgWBX2" data-dm-ref="238" style="color: rgb(184, 149, 110);"><span leaf="">2&nbsp;</span></span></strong><span leaf="">美债10年期是否突破&nbsp;</span><strong data-page-node-id="rD1Dqs2jnHuHZu3W52GzbH" data-dm-ref="239"><span data-page-node-id="YjvxV6GHPb5ZluAQLc35aF" data-dm-ref="240" style="color: rgb(212, 53, 28);"><span leaf="">5%</span></span></strong><span leaf="">——若突破,估值基准继续抬升,PE高企的龙头继续承压。</span></p><p data-page-node-id="fsClzyn7tI8pRyEiKFgCD4" data-dm-ref="241" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 20px;line-height: 1.85;"><strong data-page-node-id="eDQUO3momc86bNEhQy5DxU" data-dm-ref="242"><span data-page-node-id="CxRqOKFu59jQ9RuHeVGmO7" data-dm-ref="243" style="color: rgb(184, 149, 110);"><span leaf="">3&nbsp;</span></span></strong><span leaf="">两市成交额是否放大——继续缩量则"存量博弈"成立;</span><strong data-page-node-id="hQx4aHSxs0EaftOOSQm4FP" data-dm-ref="244"><span data-page-node-id="hbBCAKPvJfPeZKEMR4LTeI" data-dm-ref="245" style="color: rgb(26, 26, 26);"><span leaf="">放量则增量资金进场,判断需修正</span></span></strong><span leaf="">。</span></p><p data-page-node-id="qEavO5kqSKoBWuObbBDm1x" data-dm-ref="246" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 20px;line-height: 1.85;"><strong data-page-node-id="n1EITSGc4uVEhwGx5VXk6M" data-dm-ref="247"><span data-page-node-id="wDnKeHgqhXgA9lQCzEbY4Z" data-dm-ref="248" style="color: rgb(184, 149, 110);"><span leaf="">4&nbsp;</span></span></strong><span leaf="">北向资金是主动配置还是被动调仓——拆开观察,</span><strong data-page-node-id="BelN5N9ZG1UfSC5AbhPYbl" data-dm-ref="249"><span data-page-node-id="wbT4ruLJot7dMa4ubgiSGz" data-dm-ref="250" style="color: rgb(26, 26, 26);"><span leaf="">连续主动净流入才是真金白银进场</span></span></strong><span leaf="">。</span></p><p data-page-node-id="owKfiepUsMqL8T6ZA5IGrC" data-dm-ref="251" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 26px;line-height: 1.85;"><strong data-page-node-id="LWmMrydLnO10lnzCe0VEAc" data-dm-ref="252"><span data-page-node-id="jwRYDWsHz4f1s08QGYas2C" data-dm-ref="253" style="color: rgb(184, 149, 110);"><span leaf="">5&nbsp;</span></span></strong><span leaf="">中X平安是否持续获大单净流入——持续净流入则&nbsp;</span><strong data-page-node-id="lElfBN8YCGN9dSE0EqfYNN" data-dm-ref="254"><span data-page-node-id="ynQiBmtspKJHLiewBlHY5o" data-dm-ref="255" style="color: rgb(26, 26, 26);"><span leaf="">"利率上行受益者"</span></span></strong><span leaf="">&nbsp;逻辑被验证。</span></p><section data-page-node-id="v25FvUqD3VLLDpIvIfZmc0" data-dm-ref="256" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;height: 1px;background-color: rgb(236, 231, 222);margin: 0px 0px 24px;font-size: 0px;line-height: 0;"><span leaf="">&nbsp;</span></section><p data-page-node-id="pPeKBGrtqKbv2T6sa2VXeB" data-dm-ref="257" style="font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 16px;padding: 0px 0px 0px 12px;border-left: 4px solid rgb(184, 149, 110);font-size: 18px;line-height: 1.5;font-weight: bold;color: rgb(26, 26, 26);"><span leaf="">这个判断什么时候需要修正</span></p><section data-page-node-id="yBReYujkag7RLm3ncphBRE" data-dm-ref="258" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 16px;padding: 14px 16px 2px;background-color: rgb(253, 243, 241);border-left: 4px solid rgb(212, 53, 28);border-radius: 4px;"><p data-page-node-id="fAq9lddhpDHPbAuuFYAlFY" data-dm-ref="259" style="margin: 0px 0px 12px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><strong data-page-node-id="ZG6j4MqbuaNS8DQkrCvXVB" data-dm-ref="260"><span data-page-node-id="jLHN0AsGjnhhPVHBl7HWqz" data-dm-ref="261" style="color: rgb(212, 53, 28);"><span leaf="">正面&nbsp;</span></span></strong><span leaf="">种业放量上涨且炸板率不升反降、成交额放大、债市收益率回落,则农业不是存量派对而是&nbsp;</span><strong data-page-node-id="bD0ZTTKs9OARqmlJurc75q" data-dm-ref="262"><span data-page-node-id="m04ZnZtAqQX3iNo60K17FN" data-dm-ref="263" style="color: rgb(26, 26, 26);"><span leaf="">主线启动</span></span></strong><span leaf="">,可顺势加仓龙头。</span></p></section><section data-page-node-id="xP1Vrs3SUFt0LmBl8SQYzQ" data-dm-ref="264" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-size: 15px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;margin: 0px 0px 26px;padding: 14px 16px 2px;background-color: rgb(241, 248, 244);border-left: 4px solid rgb(0, 160, 80);border-radius: 4px;"><p data-page-node-id="JrUCG6yFgqJJ9qqNLvjFfr" data-dm-ref="265" style="margin: 0px 0px 12px;font-size: 15px;line-height: 1.85;color: rgb(51, 51, 51);"><strong data-page-node-id="julZhjBa4EtGi8cyUvengz" data-dm-ref="266"><span data-page-node-id="dD4pQfC8C6cLULti1kvBtn" data-dm-ref="267" style="color: rgb(0, 160, 80);"><span leaf="">反面&nbsp;</span></span></strong><span leaf="">种业炸板退潮、成交继续缩量、美债10年期突破5%,则&nbsp;</span><strong data-page-node-id="0O4KzOOmDOaUlK0AgBMRYp" data-dm-ref="268"><span data-page-node-id="gXQ5rqXD2KlyLzso4HYJ5a" data-dm-ref="269" style="color: rgb(26, 26, 26);"><span leaf="">判断成立、派对结束</span></span></strong><span leaf="">,立即降仓位至20%以下并止损离场。</span></p></section><section data-page-node-id="KLfoEDzQxVAIyw1ty4x8Qq" data-dm-ref="270" style="color: rgb(51, 51, 51);font-family: -apple-system, BlinkMacSystemFont, &quot;PingFang SC&quot;, &quot;Helvetica Neue&quot;, &quot;Microsoft YaHei&quot;, sans-serif;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;height: 1px;background-color: rgb(236, 231, 222);margin: 0px 0px 24px;font-size: 0px;line-height: 0;"><span leaf="">&nbsp;</span></section><section><span leaf=""><br /></span></section><p style="display: none;"><mp-style-type data-value="3"></mp-style-type></p>

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