The Dilemma of A-Shares Under Quantitative Squeeze

The current A-share market presents a tripartite capital camp game, forming a unique ecological dilemma:

1. Comparison of Capital Camp Strength​

2. Analysis of Market Characteristics​

3. Survival Strategy Suggestions​

The current market is in a transitional period between quantitative hegemony and a vacuum of hot money. Ordinary investors should remain on the sidelines. After the pressure of cash withdrawals before the Spring Festival is released, a window for an oversold rebound may emerge.

Turning Point Observation: Unusual movements in the commercial aerospace sector may signal a recovery of hot money, requiring close attention to signs of capital flowing back.

Danger Zone: Stocks dominated purely by quantitative trading have become "naive investor shredders," with the win rate for ordinary investors approaching zero.

Golden Combination: Only targets with consensus among the three parties—institutional funds, hot money, and quantitative funds—offer certain opportunities.

Pre-Holiday Effect: Selling pressure is concentrated on the eve of the cash withdrawal date, with a clear divergence between individual stocks and the index.

Rotation Chaos: Disorderly rotation among small metals, power equipment, and CPO sectors, lacking support from a main investment theme.

Liquidity Crisis: Daily turnover may fall below 2 trillion yuan (halved from the peak), with an abnormally high proportion of quantitative trading.

Quantitative Funds: Account for 60% of trading volume, leveraging algorithmic advantages to create a "scythe effect."

Hot Money Groups: Have collectively fallen silent after being suppressed in the commercial aerospace sector, causing the market to lose its engine of vitality.

Institutional Funds: Dominate thematic stocks like CPO and power, but their holdings are already at high levels.