敦刻尔克

一 |     本篇评级为★★★，主要围绕以下内容展开：                    1、如何看短期回踩？市场底气在哪里？          2、 从出口数据看科技赛道和新能源；          3、医药赛道好像在叠buff                    如有疑问请以音频内容为准，添加妙投小虎哥微信miaotou515，入群有机会与董小姐进一步交流。                   新闻解读评级说明：五星重磅，四星重要，三星级以下大家选择听。                   1、如何看短期回踩？市场底气在哪里？          周末重磅消息不少，我们围绕一个中心点来梳理，看看5月份的市场到底走到了哪一步。

二 |     (ECNS) -- China's inbound tourism is gaining momentum this summer, with foreign visitors increasingly looking beyond traditional sightseeing spots to explore new travel experiences across the country.    China's high-speed rail network has itself become an attraction for many overseas travelers. One tourist from Bosnia and Herzegovina said his two main goals in China were to visit the Forbidden City and experience a high-speed train journey. Along the China-Laos Railway, themed cross-border routes are connecting travelers with popular destinations across Yunnan Province, carrying more than 40,000 cross-border passengers since July. In the first seven months of 2026, more than 14.8 million foreign passengers traveled on China's railways, up 32.5% year on year.    Chongli, which hosted events during the Beijing 2022 Winter Olympics, is also attracting international visitors beyond the ski season. Former ski slopes have been transformed into venues for mountain biking, trail running and grass-sledding during the summer. Athletes from countries including New Zealand and France have praised the area's facilities, while some visitors are choosing to extend their stays.    From high-speed rail journeys to summer outdoor adventures, a growing range of experiences is giving international travelers new reasons to explore China beyond its best-known attractions.    (By Intern Lin Qiaochu, Zhang Dongfang)                    。上周五大家或许感觉到了不同，经历几天快速拉升后，市场出现小幅回踩。三大指数虽轻微下跌，但前期热门赛道回撤幅度较大，典型如芯片、有色金属等板块。

三 | 如何看待它们目前的行情？我们一起来梳理。                   首先给出简单结论：5月份的主要拉动力至今未衰减，这股力量主要看资金面。进入5月后，资金活跃度异常上升，连续多日沪深两市成交量超3万亿。

四 | 即便上周五小幅回撤，成交量仍达3.08万亿。这说明什么？市场不缺钱，短期资金仍在涌入寻找机会。

五 |