Overseas
1. Goldman Sachs: China's economic growth is still relatively resilient, and we maintain our overweight recommendation for the Chinese stock market.
2. Citi: The AI boom will overshadow the Middle East risks, and the S&P 500 is expected to reach 7,000 points by the end of the year.
3. Goldman Sachs: Political uncertainty may prompt the Bank of Thailand to remain on hold.
Domestic
1. Galaxy Securities: The profitability and valuation of leading steel companies are expected to recover.
2. CITIC Securities: The price of European biojet fuel (SAF) continues to rise, and we are optimistic about the demand explosion in the second half of the year.
3. CITIC Securities: Geopolitics has driven a high increase in military spending, and it is the right time to allocate military metals.
4. Shenwan Hongyuan: Duration layout should be carried out in advance, and it is recommended to pay close attention to institutional behavior indicators such as fund duration and divergence to adjust positions in the future.
5. Huafu Securities: The 10-year treasury bond interest rate is expected to fall to around 1.5%; but if there is no event-type shock, it is recommended to continue to choose varieties with good odds.
6. Founder Securities: The winning rate of long positions in the bond market is relatively high in July. It is recommended to actively seize the long position window period, focusing on the swing opportunities of interest rate bonds and the allocation value of medium- and short-term high-grade credit bonds.
