风格或切向成长，军工板块或迎来新一轮估值拾升

1  ◆ ◆ ◆ ◆ 3600410046005100280030003200340036003800上证指数沪深300(右轴)

◆ ◆ Wind,iFinD 5.006.007.008.009.0010.0011.0012.0013.002,5002,7002,9003,1003,3003,5003,7003,9002016-012017-012018-012019-012020-012021-012022-012023-01上证指数融资买入额占A股成交额(%，右轴) Wind, Wind, Wind, Wind, 89.3%16.54.684.6%13.9-0.386.6%9.96.384.2%28.44.051.5%13.9-6.766.3%6.89.531.4%18.6-17.783.9%15.72.8M2：同比-社会融资规模存量：同比

Wind1.2./TTMPE Wind