[Agency: A-share valuations and price-performance ratio have further improved, and it is recommended that balanced allocations be used to cope with market fluctuations] October 19th, last week, A-shares continued the adjustment trend since late September, and the Shanghai Stock Index once fell below the 3,700-point mark. However, on the two trading days of October 15th and 16th, driven by the large volume of broad-based ETFs, the major A-share indexes stabilized. Some brokerage firms' strategic outlook reports believe that this round of market adjustment is the result of the combined effect and superposition of overseas macro disturbances and internal structural pressures. After adjusting to the current position, the market's early chip pressure has been concentrated, the heavy net inflow of ETF funds has formed an important support, and the bottom area of ​​​​the A-share market stage has gradually become clear. (Shanghai Securities News)