The industry believes that the current blue chips are still expected to continue the market situation.

Yin Guohong, director of Shenzhen Dongping rising research, said that the current performance of non banking financial stocks represented by brokers insurance is relatively fast in the context of generally favorable industries, and there is still much room for follow-up.

Shenyin Wanguo also believes that brokerage stocks have strong advantages both in terms of return on net assets growth, policy and bull market benefiting.

At present, the pattern of brokerage stocks has been formed in a variety of emotional interlacing ways. Once the big pattern of the market is formed, it is difficult to break up. Unless the brokerage stocks are overvalued, they can only pfer their leading position to the new market leader.

However, more and more market watchers find that big blue chips are like "elephants" dancing in the wind. Stock prices and valuations have reached a certain high value. With the promotion of leveraged funds, the paction risk coefficient of catching up will also increase.

Many institutional analysts pointed out that the blue chips in the big blue chip market will break down in a certain stage sooner or later, and will enter a broad concussion stage. At that time, funds will diverge into other stocks with relatively reasonable valuations and still at low prices, and these "small elephant" stocks that will be busted up will become the next group of hunted targets.

Yang Delong believes that the current

The valuation of real estate is restored. There is limited space to rebound. With the completion of the stock market, other sectors will also rotate. The second tier blue chips between the market value of 20 billion to 40 billion yuan deserve market attention, such as automobiles, home appliances, food and beverage, medicine and so on.

The increase is relatively small, the fundamentals are good, will continue the early blue chips Market, which is the future market.

It is pointed out that the current market style is changing and opportunities are spreading to a wider range of value stocks.

Analysts believe that the industry round of bull market is no longer in line with the traditional economic driving and industrial chain sequence. The rise of banks and steel does not mean the end of the market, but on the contrary it is only the beginning.

It is the first choice for the incremental capital to enter the market after underestimating the value of dividends and the high dispersion of stock chips.

"As the bull market continues to evolve, food and beverages and pharmaceuticals, which are more concentrated in value stocks and chips, will also come to investment opportunities due to the further increase of capital into the market."

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In November this year, a total of 1406 products were issued for trust products, though they increased significantly compared with 905 in the same period last year.

But from the point of raising the amount, the 1406 trust products only raised 60 billion 691 million yuan, down 19.69% compared with the same period last year.

In terms of the average distribution of each product, it was even worse: the average distribution of trust in November last year was 8 billion 351 million yuan, and in November this year was only 4 billion 317 million yuan, almost cut down.

However, at present, the interest rate cut effect has not yet been passed to the trust market, and its overall yield has not been significantly downward, which still has some attraction for investors.

Flush iFinD data show that the average expected return of trust issued in November was 9.32%, a slight increase of 2BP compared with the same period last year.

CITIC Securities believes that the trust risk is frequent, investors' credit risk preference decreases, and the risk premium goes up; and the stock market has diverted the fixed income demand. Under the pressure of "borrowing new and old", the trust yield has a limited downward range.

It is worth noting that benefiting from the bull market, the securities investment trust has increased significantly this year. As the main force of fixed income trust in the past, the proportion of trust products in real estate and infrastructure has shrunk in November.

Flush iFinD data show that in November this year, the trust issued to the securities market has issued 646, compared with 187 in the same period last year. Compared with the same period last year, the trust fund issued a total of 5 billion 149 million yuan in November this year, an increase of nearly 60% compared with the same period last year, and its proportion rose from 4.27% last year to 8.48%.

In contrast, the trust that invested in the real estate market only raised 5 billion 965 million yuan in November this year, which dropped by nearly 70% compared with 19 billion 347 million yuan in the same period last year.