〖基金视野〗国投瑞银基金:下半年整个市场向上国投瑞银基金认为,下半年整个市场向上还是有一定支持因素。首先,从A股估值来看,整个大盘的估值应该已经接近历史低点;其次,政策面不敢说CPI见顶之后就立刻放松,但目前政策紧缩力度已在顶部区域是大概率事件。最后,从流动性来看也是逐步宽松的过程,资金面最紧的时候应该是6月底,之后会相对宽松。近年来发生的两次危机,一次是亚洲金融危机,一次是2008年全球金融 The Fund Vision UBS SDIC Fund: The second half of the entire market UBS UBS Investment believes that the second half of the market upward or have some supportive factors. First of all, from the A-share valuation point of view, the valuation of the broader market should have been close to a record low; Second, the policy side dare not say immediately after the peak CPI to relax, but the current policy tightening in the top area is a large probability event . Finally, from the liquidity point of view is also a gradual easing process, when the funding side of the tightest time should be the end of June, after which will be relatively relaxed. The two crises that occurred in recent years were the Asian financial crisis and the 2008 global financial crisis