Viewpoint: according to the latest PMI data, the economy has rebounded, but on the whole, it is still anti pumping, and the downward pressure is still large. However, with the support of relatively stable fundamentals and liquidity, the market as a whole maintained a good foundation. With the inflation peaking expectation strengthened and the RRR reduction expectation landed, the expectation of monetary easing increased again, bringing an overall boost to the market. Under the expectation of monetary and credit easing in the coming year, the market is also expected to gradually open a good trend. In the short term, near the end of the year, the market wait-and-see mood is improved, and the funds are also seeking new investment hotspots in the coming year. Without a continuous hot plate, the market as a whole maintains a structural market. With the opening of the monetary easing cycle, the overall support and boost of the market remain the same, and bargain hunting is still a good time for allocation. At the time of style change, it is suggested to focus on the allocation of undervalued blue chips.
Today, the opening of Shanghai and Shenzhen stock markets was different. The Shanghai index opened slightly higher and the Shenzhen composite index opened slightly lower. Shortly after the opening, both fell lower, and then continued to dip into the bottom, once swallowing yesterday’s rising space. Since then, heavyweights bottomed out and led the index to rise slightly. However, the overall trend of consolidation remained. On the disk, transportation and steel led the rise, while defense and military industry, basic chemical industry and coal led the rise, while food and beverage led the decline, and household appliances, agriculture, forestry, animal husbandry and fishery and public utilities led the decline.
According to the data report, on the evening of December 28, Luzhou Laojiao Co.Ltd(000568) cellar Sales Co., Ltd. issued a notice on adjusting the 60 year price system of century Luzhou Laojiao Co.Ltd(000568) cellar age wine. The dealer confirmed that the price increase was true. The notice shows that the price system of century Luzhou Laojiao Co.Ltd(000568) cellar age wine has been adjusted for 60 years, and many varieties have ushered in price increases.
The reason why we pay attention to the price rise of Luzhou Laojiao Co.Ltd(000568) is that before that, wine enterprises ushered in the price rise tide. As the new year’s day and the Spring Festival are approaching, the peak consumption season is also coming, which may give a boost to consumer stocks. Next, Moutai will release Moutai Baijiu new products at the end of 2021, and the market will also anticipate the price rise of some of the series of Moutai’s wine. The price increase will stimulate the spirits and stimulate the stock price, and the overall expectation is still stronger. In addition, some other food and beverage products also received price increases before, which once stimulated the strength of the company’s share price. Driven by the peak consumption season, the phased market of consumer stocks is still worthy of attention.
Back on the disk, after the previous continuous upward, the market has ushered in consolidation recently. This is mainly due to the impact of capital flight in the post upward stage. At the same time, it is also the improvement of market wait-and-see mood on the occasion of the new year. At the same time, when seeking new investment opportunities in the coming year, the market has no absolute hot plate, but the sustainability is poor, showing a rotating market as a whole.
However, the overall market still has a strong support foundation, and the subscription has the potential to boost. On the one hand, the economic growth slowed down but still maintained recovery, and the fundamental support remained unchanged; On the other hand, under the central bank’s RRR reduction and LPR reduction, the monetary easing cycle was opened and the liquidity was kept reasonably abundant. The overall market capital was better, which boosted the market.
Therefore, there is no need to worry too much about the short-term correction under the overall upward trend. Under the support of steady growth and the opening of the easing cycle, the market as a whole still has the basis of support and boost. The callback as a whole can be regarded as a washing dish, and bargain hunting can still be considered for configuration. In terms of specific opportunities, it is suggested to explore from three angles: first, the “steady growth” or phased main line from the policy perspective, and the involved sectors can track building materials, construction machinery, food and beverage and household appliances; Secondly, it can also be superimposed with varieties with high attention to funds in the north, such as financial and other value blue chips, in which it can focus on the securities sector with undervalued value and good performance; Third, science and technology and new energy are mainly varieties with relatively uncertain growth under the downward pressure of the economy.
(Jufeng Finance)
