The rise of large cap stocks is the real rise

China Mobile’s A-share has gone up the limit for no reason. In addition, it rose 5% yesterday, which has made many people lose sight of it for two days. However, looking at the trend of H shares, it has been started at the beginning of the year, rising slowly, and now it has increased by more than 20%. Now it’s meaningless to analyze the fundamentals of the company, and nothing will fundamentally change in a few days. The faces of China Telecom Corporation Limited(601728) and China United Network Communications Limited(600050) are a little uneasy. In particular, China Telecom Corporation Limited(601728) returned to A-Shares half a year earlier than mobile, and now the share price is still below the issue price. If there is comparison, we can score higher. Now it depends on whether the major shareholders of Telecom will do it.

The Federal Reserve Bank of New York released a data saying that due to the increase in the balance of housing and car loans, the total debt of U.S. households increased by $1.02 trillion last year. This is the largest increase since the surge of $1.06 trillion in 2007. Among them, the average house price in the United States rose by nearly 20%, which greatly increased the amount of home purchase loans for American families. The American people are really willing to spend, and they have to borrow money to buy a house and a car. But it’s also true. I don’t know when the epidemic will end. The state still pays money. I buy my own car and house. The lesson of the subprime mortgage crisis in 2007 should not be forgotten.

The trend of Hong Kong stocks is really strong after the year. Today, the Hang Seng Index rose 2% and the technology index rose 3.65%. In addition to the strength of technology stocks such as Alibaba, Netease and jd.com, the gains of financial, real estate and resource stocks such as HSBC and BOC Hong Kong, China Resources Land and Petrochina Company Limited(601857) contributed to the rise of the Hang Seng Index. The trend of blue chips in traditional industries is obviously stronger than that of technology stocks. It seems that the style transformation has been completed. The recent trend of A-Shares also has this meaning. The decline of gem is obviously larger than that of the market index. The rise of large cap stocks is the real rise.

The US Department of Justice announced today that in August 2016, 119754 bitcoins were stolen from bitfinex, a digital currency exchange. The thief is a couple with a decent job in the United States. 25000 bitcoins stolen by the two men were successfully “washed out” and bought gold, games, shopping cards, etc. The bitcoin was worth $71 million when it was stolen, but now it has risen to $4.5 billion. After reading this news, I’m a little confused. Isn’t this digital currency confirmed by blockchain technology? How can it be stolen and transferred? It seems that it’s better to live in a house after buying it.

The latest issue of Evergrande published Xu Jiayin’s speech at the new year’s commencement mobilization meeting of Baojiao building in 2022. The speech contains a lot of dry goods, including the goal of delivering about 70 million square meters and 600000 sets of buildings this year; The headquarters of the provincial company has been reduced from 15000 to more than 5100; The group also has 56 million square meters of projects under construction that have not been certified and opened, 160 million square meters of land reserves and 150 old reconstruction projects. Xu Jiayin also stressed that the company’s assets should not be sold at a low price. I don’t know what items he refers to. Can Guangzhou Evergrande Football Club calculate it?

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