brief description of disk
On Wednesday, A-Shares rebounded collectively in the morning and fell in the Shenzhen market in the afternoon. On the disk, engineering construction, chemical fertilizer, small metals, steel, decoration, cement building materials, energy metals, roads and railways, decoration building materials, trade, automobile and other industries led the increase; Gold, aerospace, jewelry, wind power, mining, shipping, semiconductor and other industries saw a slight correction. In terms of subject matter stocks, industrial machine tools, Hangzhou Asian Games, assembly buildings, covid-19 drugs, rare earth permanent magnets, data security, underground pipe network, photovoltaic buildings, in vitro diagnosis, sponge City, PPP mode, etc. led the increase, and the cultivation of diamond, chicken concept, pork concept, online travel and other small corrections.
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the national Standing Committee gift package arrived! Four measures to deliver benefits
On February 14, Premier Li Keqiang chaired an executive meeting of the State Council to determine measures to promote the steady growth of the industrial economy and the relief and development of industries with special difficulties in the service industry. The meeting released a series of preferential tax policies, such as increasing tax relief for catering, retail, tourism, transportation and passenger transport and other industries with special difficulties, and extending the local “six taxes and two fees” relief policy to all small low profit enterprises and individual industrial and commercial households. In view of the recent price fluctuations of coal, iron ore and other bulk commodities, the meeting stressed that we should continue to do a good job in ensuring the supply and price stability of bulk commodities, alleviate the pressure of rising costs of downstream enterprises and maintain the basic stability of prices.
pork prices have fallen for three weeks! 1 the year-on-year increase of CPI fell to 0.9%
On the morning of the 16th, the National Bureau of statistics will release the consumer price index (CPI) for January 2022. The average forecast of several institutions shows that the CPI in January increased by 1.1% year-on-year. The Bureau of Statistics announced that CPI rose 0.9% year-on-year, lower than the average predicted by institutions. PPI rose 9.1% year-on-year.
the scale of managed funds such as Cai Songsong and Yuan Weide has shrunk! Fund company: Redemption is stable
For the investment opportunities in the next stage, the fund institutions said that although the main line of “stable growth” is strong in stages, the growth style is expected to be strong again after the overall market stabilizes, and some “overshoot” opportunities deserve investors’ attention. Golden Eagle Fund believes that with the gradual stabilization of market sentiment, the spring market of A-Shares is still on the way. China’s liquidity environment tends to be loose. Subsequent bank credit, fund issuance, self purchase and other stock funds may improve. With the return of foreign capital and other funds, A-share market confidence is expected to boost.
Jufeng view
Medium term strategy:
Jufeng investment adviser believes that the liquidity at the macro level has been gradually improved, and the central bank has continuously cut reserve requirements and interest rates to release liquidity, indicating that the policy bottom has appeared; The medium-term market is expected to rise, but the construction of the market bottom is more complex and there is a time lag between the market bottom and the policy bottom. We should be more patient.
Pre market judgment: overnight, the external market generally rose due to the easing of the situation in Russia and Ukraine, while gold and crude oil fell sharply. Semiconductor, new energy vehicles and education sectors have strengthened significantly, and it is expected that A-share related sectors will be linked; The gem is expected to continue to rebound.
In fact, the three major A-share indexes opened higher, led by favorable data security, digital currency, mobile payment and network security, and the gold sector reversed the market. After the opening, the infrastructure sector strengthened significantly, led by the engineering construction sector, and driven the strength of relevant steel, decoration, decoration building materials, cement building materials and other sectors. In the afternoon, Contemporary Amperex Technology Co.Limited(300750) fell, driving the growth of gem index to narrow, and cro, wind power, semiconductor and other track stocks fell simultaneously.
There are five highlights of A-Shares on Wednesday:
1. The Shanghai Composite Index, Shenzhen Composite Index and gem index rose quite well, without obvious seesaw phenomenon, and the time-sharing trend is that small cap stocks perform better.
2. The high opening range of the digital economy and other sectors that are beneficial to the support has narrowed, indicating that the market sentiment has gradually stabilized for the good, which is conducive to the stability of the market.
3. The easing of the situation in Russia and Ukraine is the main factor in the general rise of the global market, and there has been a significant decline in gold and oil. However, PetroChina has a strong trend, opening low and going high.
4. The Bureau of statistics released CPI and PPI data. CPI increased by 0.9% year-on-year, lower than the 1.1% expected by the organization. The recent US dollar interest rate hike is expected to be strong because the US CPI reached 7.5% in January, a 40 year high, while China’s CPI is currently at a low level, so there is room for monetary policy adjustment. Loose expectations are helpful to improve the valuation of technology stocks.
5. Contemporary Amperex Technology Co.Limited(300750) fell by nearly 20% last week and rebounded by 10% on Wednesday. Several other track stocks also performed similarly. Cro leader Wuxi Apptec Co.Ltd(603259) rose by 21% in 3 days. The rebound of track stocks will ease the redemption pressure faced by the fund; It is reasonable to fall back. As long as there is no shrinking situation, the impact on the market will be gradually reduced.
Overall, the market is developing in a good direction, and the spring offensive is back. As long as we are not too greedy, we can grasp the opportunity of unraveling within the year.
Investment suggestions:
Before the Spring Festival, A-Shares were corrected continuously, and the overvalued track stocks and growth stocks were significantly adjusted. The undervalued blue chips reflected a certain degree of defensive.
After the Spring Festival, the market liquidity will be improved, and the spring offensive will be officially launched. In the initial stage, it will still be a structural market, with value and growth one after another. After continuous differentiation, there will be style switching in the short term, and growth stocks will rebound. The gem index pulled back 20% and entered a technical bear market, ushering in technical repair in the short term. If the OTC funds enter the market, it will evolve into a generally rising market. It is recommended to allocate secondary new shares with high growth and oversold in the annual report.
