基于货币供应周期的股市周期拐点判别与资产配置研究

The Judgment of Stock Market Inflection Point and Studies on Asset Allocation based on Money Supply Cycle

本文拟以中国A股市场为研究对象,尝试找出中国货币周期转换与股市周期之间的关联,考察货币周期不同阶段中股票市场的表现与行业轮动规律,并在此基础上给出适宜的资产配置策略。

The article studies on China's A-share stock market,finds out the connection between the conversion of China's monetary cycle and stock market cycle,examines the performance of stock market and industry wheel moving rules during different periods of monetary cycle,and puts forward appropriate asset allocation strategy on this basis.