Shanxi Securities Co.Ltd(002500) pointed out that looking forward to the future market, we should be vigilant against the risk of short-term downward change. When the index failed to break through in a narrow range, the early profit taking or profit stopping departure dragged down the index. In the short term, some hot spots have accumulated large gains, and there are continuous bad news about the global economy. If the large financial sector fails to drive the index upward tomorrow, we need to pay attention to risks in the future. In terms of theme, the front row stocks of Shenzhen plate have a good trend, and investors can pay attention to the intervention market after the correction of the plate. In addition, the consumer electronics sector was previously recommended. Since the news that the United States has cancelled the imposition of tariffs on some products, the valuation repair journey of consumer electronics is basically coming to an end. It is recommended that investors take profits in time. The logic of the subsequent strengthening of consumer electronics lies in the large-scale growth of 5g mobile phone shipments. Before the data is released, investors are advised to be cautious about pure concept speculation. In terms of positions, it is recommended that investors maintain light positions, and the risk is greater than the opportunity in the short term.
In the medium and long term, the hedging logic is still applicable under the background of the continued downward pressure on the economy. From the perspective of previous global economic recessions, the central bank’s interest rate cuts sometimes drive the economy out of the quagmire, but more often they only delay the recession time. Gold, interest rate bonds and other products are more affected by the global trend. On the premise that the global economic fundamentals remain unchanged, safe haven assets still have investment value. Continue to recommend strengthening the allocation of risk averse assets benefiting from the background of weak economy and monetary easing, such as interest rate bonds and gold. Medium and long-term investors can consider intervening in the correction. In addition, in the context of the slowdown in the growth rate of new real estate construction but the recovery in the growth rate of completion, it is noted that glass prices have started a rising cycle recently, and the demand for glass after real estate completion is rigid. It is suggested that investors can pay attention to the investment opportunities in the glass sector.
(Securities Times)
