證券(quan)時報(bao)網訊，中信(xin)(xin)(xin)證券(quan)研報(bao)認為，當(dang)前(qian)市(shi)(shi)場(chang)仍(reng)(reng)(reng)(reng)處于政(zheng)策、價(jia)(jia)格和外(wai)部三大(da)信(xin)(xin)(xin)號(hao)的觀察(cha)期(qi)，政(zheng)策信(xin)(xin)(xin)號(hao)出現擾動，價(jia)(jia)格信(xin)(xin)(xin)號(hao)仍(reng)(reng)(reng)(reng)未(wei)明(ming)確(que)，外(wai)部信(xin)(xin)(xin)號(hao)仍(reng)(reng)(reng)(reng)待觀察(cha)，預計三季度(du)上述(shu)信(xin)(xin)(xin)號(hao)將逐(zhu)步明(ming)確(que)，當(dang)前(qian)市(shi)(shi)場(chang)對(dui)績優龍頭的配置共識(shi)(shi)將進一(yi)步增(zeng)強，建議在市(shi)(shi)場(chang)拐點明(ming)確(que)后再逐(zhu)步切向績優成(cheng)長。首(shou)先，經濟內需數據依然相對(dui)偏弱，價(jia)(jia)格信(xin)(xin)(xin)號(hao)仍(reng)(reng)(reng)(reng)未(wei)明(ming)確(que)，核心(xin)城市(shi)(shi)房價(jia)(jia)有企穩跡象，但仍(reng)(reng)(reng)(reng)需地(di)產(chan)去(qu)庫存和穩市(shi)(shi)場(chang)的政(zheng)策加(jia)碼；近期(qi)稅收(shou)倒(dao)查擔憂影響(xiang)微(wei)觀主(zhu)體情緒，稅務部門(men)及時回復、穩定預期(qi)。其次，“科創板八條”落地(di)明(ming)確(que)改(gai)革方(fang)向，旨在提升優質科創企業的吸引(yin)力；貨幣政(zheng)策導向逐(zhu)步清晰，低利(li)率環境仍(reng)(reng)(reng)(reng)將持續(xu)，強化(hua)紅利(li)品種的配置價(jia)(jia)值(zhi)。最(zui)后，當(dang)前(qian)市(shi)(shi)場(chang)板塊間分(fen)化(hua)和輪(lun)動弱化(hua)，而行業內部分(fen)化(hua)不斷加(jia)劇(ju)，績優龍頭的財務和治(zhi)理優勢更加(jia)明(ming)顯，市(shi)(shi)場(chang)對(dui)其配置的共識(shi)(shi)也將進一(yi)步增(zeng)強。