走势判断:先升值后升息将是现实的政策路径,下半年大盘可能处于宽幅震荡状态。今年二季度之后,宏观经济、经济政策与股市进入了更为微妙的阶段。经济增速下降、经济政策频出,而股市将在经济复苏与政策调整之中摇摆,全年结构性行情贯穿其中。 Trend judgment: After the first appreciation of the interest rate will be a realistic policy path, the broader market in the second half may be in a state of wide turbulence. After the second quarter of this year, the macro economy, economic policies and the stock market entered a more delicate phase. Economic growth is declining and economic policies are frequent, while the stock market will swing amidst economic recovery and policy adjustments, with structural prices going through the year.