风格或切向成长，军工板块或迎来新一轮估值拾升

  3800 3600 3400 3200 3000 2800 5100 4600 4100 3600 上证指数沪深300(右轴)  1   Wind, iFinD 3,900 13.00 3,700 12.00 3,500 11.00 10.00 3,300 9.00 3,100 8.00 2,900 7.00 2,700 6.00 2,5005.00 2016-012017-012018-012019-012020-012021-012022-012023-01 上证指数 融资买入额占A股成交额(%，右轴) Wind, Wind, Wind, Wind, M2：同比-社会融资规模存量：同比 89.3% 16.5 4.6 84.6% 13.9 -0.3 86.6% 9.9 6.3 84.2% 28.4 4.0 51.5% 13.9 -6.7 66.3% 6.8 9.5 31.4% 18.6 -17.7 83.9% 15.7 2.8 PE Wind 1. 2. / TTM Wind