Guangda Securities: The stock market will benefit from the 'double-click' effect of low odds and a rebound in risk appetite pump with relatively high certainty.

Gate.io: Gold Ten Data News on September 24th, China Everbright Securities believes that since August, the market’s expectations for more proactive macro policies have continued to heat up. This policy has landed in the form of a “combination of punches” and is sincere. The stock market will benefit from the “double hit” effect of low odds and rising risk appetite, which ensures a higher degree of certainty in the pump. The bond market is short and long, with the “short” due to the fact that the previously priced favorable information has been fully priced, and institutions are taking profit as the fourth quarter approaches. The “long” is due to the overall downward shift in the pricing center of interest rates, and the retroceso of bond prices is expected to be limited. The recent appreciation of the renminbi has reflected economic expectations, but it has also been promoted by the force of exchange settlement, and whether the exchange rate between the US dollar and the renminbi will break 7 depends on whether the US dollar index will fall below 100 or whether A shares will continue to be strong and bring incremental funds.