brief description of disk
On Thursday morning, A-Shares fluctuated lower and continued to adjust the trend. When the Shanghai Stock Index approached 3400, the banking sector supported the market, and the decline of the stock index narrowed; In the afternoon, the stock index weakened again, the gem index approached the 2900 point mark, and the Shanghai index fell below the 3400 point integer mark. On the disk, banks protected the market, coal, airports, ports, shipping, railways and other low-cost blue chips resisted the decline, while Internet services, computer equipment, software development, precious metals, tourism hotels, communication services, games, cultural media, decoration, communication equipment, education and other industries led the decline. In terms of subject matter stocks, covid-19 drugs stood out, with Huawei shengteng, digital economy, electronic license sector, smart government, digital currency, state-owned assets cloud, Huawei Euler and RCS concept falling by more than 5%.
message plane
the application for redemption by public offering is calm, and the second new fund accelerates the establishment of positions
Recently, the A-share market fluctuated and adjusted. China Securities News reporter interviewed a number of fund companies and found that although the net value of the fund fluctuated, the overall application and redemption of the fund was stable. Among them, fixed income funds continued to receive net subscription, and equity funds were redeemed, but there was no redemption tide as a whole. In addition, on the occasion of market correction, the sub new fund accelerated the pace of position building.
the landing time and strength of multi sectoral release of steady growth policy signals will exceed expectations
The central economic work conference put forward “seven policy combinations” including macro, micro, structure, science and technology, reform and opening up, region and society. In the past two weeks, the state information office has intensively held press conferences. At the press conferences, the Ministry of industry and information technology, the people’s Bank of China, the Ministry of Commerce, the Ministry of finance, the State Administration of Taxation and other departments revealed this year’s policy ideas and force points. Many analysts said that a series of real and hard moves for steady growth will be launched this year, and some policy efforts and landing time points will exceed expectations.
Powell confirmed that he had planned to raise interest rates in March, and did not rule out raising interest rates at every meeting in the future
At the press conference after the interest rate resolution, Fed chairman Powell personally admitted that the Fed intended to raise interest rates at its March meeting. At the same time, he also pointed out that “without threatening the labor market, there is a lot of room to raise interest rates. It is not ruled out that interest rates will be raised at every Federal Open Market Committee (FOMC) meeting.”
Jufeng view
Medium term strategy:
Jufeng investment adviser believes that the liquidity at the macro level has gradually improved, and the PMI index has turned upward for two consecutive months, indicating that the medium-term market of A-Shares is expected to be better, and the offensive in spring will be gradually launched.
Pre market judgment: European stock markets collectively rebounded 2% overnight; U.S. stocks fell at the end of the session due to the Federal Reserve’s interest rate meeting, and A-Shares are expected to continue to fluctuate and bottom.
In fact, in the morning, A-Shares were basically flat open, and there was no extreme reaction. Kweichow Moutai Co.Ltd(600519) , Contemporary Amperex Technology Co.Limited(300750) once made Shanghai stock index and gem index popular. However, with the expansion of the decline of the Nikkei index, A-Shares fell at the same time. The Shanghai Stock Index retreated 3400 points, and the gem index fell more than 2%, falling below yesterday’s low and triggering a new round of selling tide. On the disk, almost all industries fell across the board.
After 10:30, the limit of Lanzhou bank, the second new bank stock, led to a sharp rise in the banking sector, narrowed the decline of the stock index, relatively strong coal and airports, and abnormal rise in the real estate sector and engineering construction sector.
In the afternoon, the northward capital continued to flow out sharply, with a net outflow of more than 10 billion throughout the day, and the market continued to bottom. The gem index fell below its early low and continued to seek support at 2900. Tomorrow, A-Shares will be the last trading day before the Spring Festival of the year of the tiger. It is expected that the volume will be reduced. At present, a number of fund companies and fund managers have subscribed for their own funds. It is expected that the end of the market will not be too far. We need more patience.
Investment suggestions:
After new year’s day, A-shares have been callback continuously. It is suggested to bargain hunting in the middle line and pay attention to smart driving, chips and other technology stocks with large growth space. Short term bargain hunting can focus on undervaluing blue chips, high annual growth, securities companies and oversold secondary new shares.
