[pre disc interpretation]
On Wednesday, due to the easing of overseas friction, it opened higher in the morning, and then maintained a relatively strong volatile market. However, in the afternoon, the disk differentiation gradually increased, the index fell slightly, and the record index once turned green, indicating that the current market is under heavy pressure and there is still a need to continue consolidation and digestion.
On the disk, the overall atmosphere of individual stocks was moderate, and more than 3700 red stocks rose. The new and old infrastructure in the sector has a strong performance. On the one hand, it shows the characteristics of high-speed rotation of the current disk. On the other hand, it is in line with our early view. There are trend opportunities in this direction, and the optimistic attitude will continue to remain unchanged in the later stage. At the same time, taking into account the factors of future inflation pressure and tension, agricultural risk avoidance can be paid due attention. In addition, we will continue to maintain the hot spot direction in the early stage, low and undervalued high-quality stocks and digital economy.
Technically, the rebound of Shanghai stock index was blocked by the upper pressure zone, and fell after touching the 18th line; Although the record index oversold and rebounded, the rebound strength yesterday was significantly weakened. Moreover, the market has failed to increase effectively for two consecutive days, indicating that the current attitude of funds is also conservative. In the later stage, if the market supplement is insufficient, there is still the possibility of repetition. In this regard, we suggest using positions to control risks, maintain about 50%, and wait patiently for better boarding opportunities.
Strategically, yesterday's disk looked mild, but it was dwarfed by Hong Kong stocks. Coupled with the continuous outflow of funds from the north, the short position in the floor is heavily suppressed. In the next long-term tug of war, the short position has the upper hand and is more likely to release the selling pressure, so it is mainly cautious in the short term. In terms of operation, we should not rush to catch up for the time being, and focus on the intervention opportunities after the second step back is sufficient.
[message side]
According to the data released by the National Bureau of statistics, China's CPI rose 0.9% year-on-year in January, down 0.6 percentage points from the previous month. PPI rose 9.1% year-on-year, down 1.2 percentage points from the previous month, the third consecutive month of decline. The Bureau of statistics pointed out that consumer prices were generally stable in January. Affected by the high base in the same period last year, pork prices fell by 41.6% and the decline expanded by 4.9 percentage points; The lower prices of coal, steel and other industries have driven the overall decline of industrial product prices.
[short term hot spot]
It is reported that Tencent has launched a new business, XR (extended reality) business, and recently opened cross departmental job transfer internally. Tencent said that XR business is a new business vigorously built by the company to deal with Quanzhen Internet. Its goal is to build a world-class hard technology team under the leadership of industry leaders and compete for the next ticket in the era of hard technology. Also recently, XR head enterprise Beijing danghong Qitian international culture and Technology Development Group Co., Ltd. announced the completion of the B + round of financing. The investors include Lakala Payment Co.Ltd(300773) and Bluefocus Intelligent Communications Group Co.Ltd(300058) Haixing fund, a blueprint initiated and established by Bluefocus Intelligent Communications Group Co.Ltd(300058) as a cornerstone investor. Overseas, Qualcomm recently announced that it will open an extended Reality Laboratory in Europe focusing on XR R & D, engineering and key technology development activities.
According to the Civil Aviation Administration, in the first 30 days of this year's Spring Festival transportation, 11322 flights of all kinds were guaranteed per day, an increase of 24% over the same period in 2021; A total of 27.896 million passengers were transported, an increase of 28.6%. With regard to ticket prices, the National Bureau of Statistics said that air tickets for travel before the festival increased by 20.8% year-on-year. Juneyao Airlines Co.Ltd(603885) also said in an institutional survey recently that during the Spring Festival this year, it increased by about 30% compared with 2021; If China maintains the current situation, the whole spring festival transportation, especially the second half of the journey, is expected to be significantly better than last year.
[European and American stock markets]
At 16:00 on February 16 (05:00 on February 17, Beijing time), the Dow Jones Industrial Average fell 54.57 points, or 0.16%, to 34934.27. The Nasdaq composite index fell slightly by 15.67 points, or 0.11%, to 14124.09. The standard & Poor's 500 index rose 3.94 points, or 0.09%, to 4475.01.
In Europe, the FTSE 100 index fell 0.06% to 7604. The French CAC40 index fell slightly by 0.21% to 6965 points. Germany's DAX index edged down 28.0%.
