At the end of the year, all kinds of wonderful things in the A-share market came one after another!
Head quantitative private placement, which has attracted much attention this year, came out amazing big news at the end of the year. Insiders revealed that the excess return of a 100 billion quantitative private placement product has returned to zero, and the absolute return of the product has mostly turned negative, that is, a year's work has been in vain, which also caused great losses to investors who entered the high point.
Yesterday, the private equity executive sent a circle of friends to the effect that "we have bad grades recently, just scold, but please don't hit the face".
In other words, 100 billion level quantitative private placement, researchers, strategies and computing power are probably the top matching in China, but they are "molested" by a shares. Mr. market is indeed the most powerful.
A few days ago, I heard that there was a quantified private equity fund year-end bonus of 50 million. These days, I heard that many private equity and big V had losses. The stock market in 2021 is really specialized in dealing with all kinds of objections: the performance of many top flow fund managers has changed greatly, the chief economist has made huge losses for the transformation fund manager, the failure of the 100 billion quantitative private placement strategy, the boss apologized, and the death of private placement issued by big V, let alone making a lot of money.
DAGO felt that we should also deeply reflect on ourselves, and these things also sounded an alarm for us. Recently, even the main force of the market has suffered a great loss. Don't superstitious about the main force, because the main force is also human, not God, and it will suffer blood loss. Even for institutions, it is also a pattern of 28 differentiation. A market style cannot always outperform the market. When the market matches its own model, what to do is to make profits as large as possible. The income curve of individual accounts should also rise spirally. What we need to optimize is to make the pullback curve as gentle as possible.
I saw two sets of data today. There are some contradictions between the two data on the profitability of A-share investors' accounts. Let's wait until the final data comes out. In short, congratulations to everyone who makes money this year. Don't be too sad if you don't make money. After all, you're taking the "mass line".
There are wonderful things in private placement, and today's market is also very wonderful. Around the epidemic factors, two extreme markets appeared in Hong Kong stocks and A-Shares at the same time. The well-known covid-19 drug R & D leading stock in Hong Kong stocks developed the pharmaceutical industry, which collapsed by 80% in one minute, increased by 10 times a year and cleared instantly; The Aba Chemicals Corporation(300261) of A-Shares soared by four 20cm trading boards in just five days, with an increase of more than 160% in seven trading days.
It has to be said that in the pharmaceutical field, the sharp fluctuation of individual stocks is elusive. What's more surprising is that after the news of the phase III clinical of Xinxiang Tuoxin Pharmaceutical Co.Ltd(301089) covid-19 drug came out, although his share price collapsed, it directly caused A-share covid-19 drug to rise briefly, which really "ignited himself and illuminated others".
Research on biological genes and pharmaceutical investment are things with high professional barriers, and professional work can be done by professional people. Friends who find it difficult to study the fundamentals of pharmaceutical enterprises can choose to allocate relevant funds.
Lithium battery has rebounded today after being hammered continuously. The market applies the logic of photovoltaic to lithium battery. For example, the upstream continues to rise, and the middle reaches either bear the pressure of price rise, resulting in the decline of gross profit margin in the middle reaches; Or maintain the gross profit margin strongly, pass the price rise on to the downstream, and then pass it on to consumers.
DAGO believes that the continuous surge in lithium prices does not threaten the profitability of the midstream, but the prosperity of the whole industrial chain, which should be the core reason. At present, the penetration rate of new energy vehicles has reached 20%, which is higher than expected. With a large base this year, will it maintain such a high growth next year? Stock speculation is expected, and there are funds afraid of high, which is an uncertainty.
Technically, the funds in the track plate began to flow back, but it can't be said that the lithium plate has turned a corner. It's inappropriate to catch up. You can observe the performance in the next few days. If there is continuity, the callback is the opportunity of low absorption.
SSE 50 rushed up with the Shanghai index at the end of trading today. Recently, the stock index futures have been very strong. Most index futures and option contracts have been in a state of premium continuously. Even the CSI 500 stock index futures, which has always been at a discount, have also seen a premium. The positions of IH and if main contracts have increased significantly, which also reflects the market's optimism about the market after the festival to a certain extent.
You know, stock index futures are generally played by institutions and large investors. To a certain extent, stock index futures can still represent the institutions' expectations for the future market. In particular, IH and if stock index futures correspond to Shanghai 50 index and Shanghai Shenzhen 300 index. These two indexes also have a great impact on Shanghai index. Institutions are optimistic about the future market, which also strengthens our confidence in the upward fluctuation of the index, It's a reassurance.
In the short term, the market has a high probability of maintaining shock. If it continues to rise, there may be an opportunity to sell high. On the disk, some midline funds are laying out some high boom sectors with large declines. We should observe patiently. At the end of the year, don't let chasing up and killing down confuse your heart.
(Daily Economic News)
