Haitong strategy: the disturbance gradually goes away and grows steadily, and the market in spring is just at that time

Haitong Securities Company Limited(600837) strategy team reported that historical data show that regional conflicts have a short impact on the stock market. Referring to 2014, the impact of Russia Ukraine conflict on the stock market may gradually disappear. The market fell at the beginning of the year due to the conflict between Russia and Ukraine and the disturbance of the expectation of interest rate increase in the United States. The disturbance dissipated, and the spring market with steady growth was just at that time. The market style is moving from value led to growth led, such as photovoltaic wind power in low-carbon economy and cloud computing data center in digital economy.