一、1月份市场回顾:分歧渐显,牛市格局未变在连续数月的高歌猛进之后,本月市场开始显露出明显的分歧,这既可以从日收益率的波动情况得到相关结论,也可以从总体振幅来观察。从图1(参见图1)可以看到,本月的日收益率的波动频率和幅度都高于前几个月,尽管本月上证A股总体涨幅仅为4.14%, First, the market review in January: differences gradually increased, the bull market unchanged In the triumphant months after the triumph, this month the market began to show significant differences, which can be derived from the volatility of the daily rate of return of the relevant conclusions can also be from The overall amplitude to observe. From Figure 1 (see Figure 1), we can see that the daily frequency of this month’s volatility and amplitude are higher than the previous months, although this month, the overall Shanghai A-share index rose only 4.14%