美光科技(MU.O)：预计2027财年和2028财年的内存及存储供需状况将比2026年紧张得多。

A state reception for the 77th anniversary of the People’s Republic of China was held at the Great Hall of the People on the evening of the 30th. Xi Jinping attended and said China’s socialist system has demonstrated significant advantages, governance capacity and modernization have improved, and national rejuvenation is unstoppable; he urged confidence and steady progress. Premier Li Qiang presided; Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang, Li Xi and Han Zheng attended. About 800 domestic and foreign guests were present.

9月29日，巴菲特指数（沪深300市值/GDP）微幅升至89.84%；股债性价比指标——沪深300指数股权风险溢价（ERP）微幅降至5.85%，处于逾一年偏高附近；从大周期来看，该指标仍处在过去四年波动区间中间区域，接近6%的关键水平，暗示目前股市相对国债收益的吸引力处于中性略偏高水平。 -------- 注：1、巴菲特指数是通过将股市总市值和GDP来比较，判断目前股市是否高估，通常70-100%为正常估值，低于该区间为低估，高于该区间为高估。 2、沪深300指数风险溢价（ERP）主要对比沪深300收益和国债收益率，统计近10年数据可以发现该指标和股指有明显反向关系，每次股市都处于底部区域时，风险溢价均超过6%，也就是当ERP≥6%，股市有投资性价比，而当ERP≤4%时，则股市往往接近或处于阶段性高点，投资性价比低甚至要小心回调风险。