全面上涨格局发生变化。新股发行力度加大、产业资本减持加速、新三板规模扩大、战略新兴板和注册制的推出、中概股的回归等因素对市场资金分流作用将逐步加大,加之近期经济数据企稳,已处高位的股市与景气边际改善的实体经济将进入重新均衡的阶段,市场资金面将逐步承压。结构分化开始,机构战胜大妈的阶段到了。随着普涨格局结 Overall rise in the pattern of change. The issuance of new shares will be intensified, the reduction of industrial capitals will be accelerated, the size of the new three boards will be expanded, the introduction of strategic boards and registrations, the return of medium stocks and other factors will gradually increase the role of market capital diversion. In addition, with the recent economic data stabilizing, The high stock market and the real economy with the marginal improvement of the economy will enter a phase of re-equilibrium and the market capital will gradually face pressure. The beginning of the structural differentiation, the agency beat the aunt’s stage arrived. With broad general pattern of knot