,内容概述,经济转型时期,周期性行业预期相对悲观,构建指标衡量行业周期属性,当前，细分行业的周期属性,供改后，行业周期属性的变化,行业周期属性变化背后的结构机会,寻找下一个水泥,传统周期投资框架逐步失效,增速中枢下行,水泥等传统周期性行业供改后跑出显著超额收益,2020041413:33:56,2020041413:33:56,2020041413:33:56,2020041413:33:56,2020041413:33:56,2020041413:33:56,2020041413:33:56,2020041413:33:56,2020041413:33:56,目录,02,研究报告,03,01转型时期，传统周期投资框架逐步失效细分行业中，周期属性变化背后隐藏结构性机会从供改后周期属性显著变弱的行业中，寻找下一个水泥,2020041413:33:56,2020041413:33:56,2020041413:33:56,2020041413:33:56,2020041413:33:56,2020041413:33:56,202004141
