Market Overview
On Friday, the overall market went down unilaterally. When the overall external performance was good, the market performance was unsatisfactory. The main force of market decline was new energy with strong themes in the early stage, Contemporary Amperex Technology Co.Limited(300750) fell by 8%, which led to the collapse of the new energy sector, and the decline of electrical hot standby and photovoltaic was obvious; The performance of the financial sector is acceptable, which makes the performance of the Shanghai index significantly stronger than that of the gem; Baijiu, tourism and food consumption plates are stronger, and funds looking for relatively low risk boards are more obvious. In the absence of funds going north, the market as a whole still has no clear direction of attack.
Hot topics fell sharply, major tracks suffered heavy setbacks, the market needs to be consolidated in the short term, pay attention to market stability, and continue to look for high-quality stocks in the oversold sector. Recently, the market has shown an obvious high-low switching trend, and new energy has fallen intermittently and as a whole; Upward resistance of auto parts; At the same time, big consumption has sprung up. We believe that it is understandable for market funds to temporarily seek assets with high safety margin for hedging without incremental funds. However, under the background of great downward pressure on the economy and relatively loose policies, the medium and long-term track may still be a high growth sector, such as new energy, semiconductors and advanced manufacturing. Therefore, we believe that while paying attention to market repair and consolidation, we should also focus on the high expected main track.
