The big consumer sector helped the Shanghai Composite Index rise above 4000 points again. Institutions believe the market may still be in an upward trend.

Recently, the Shanghai Composite Index has been fluctuating around 4000 points. On November 10th, the consumer sector broke out, helping the Shanghai Composite Index return above 4000 points. Analysts believe that the rise in core CPI indicates the recovery of internal consumption power, which will drive strong consumption and economic recovery, further consolidating the slow upward trend of A-shares. With both internal and external factors at play, the market is breeding a new round of long-term upward trend, with short-term consolidation as the main focus.