panel overview
On Tuesday morning, A-Shares opened low and rebounded from the bottom. On the disk, energy metals, engineering consulting, batteries, engineering construction, communication services, securities, photovoltaic, semiconductors, tourism hotels and other sectors led the increase; Coal, precious metals, mining, steel, gas, oil, electricity, nonferrous metals, logistics and other sectors led the decline. In terms of subject stocks, electronic ID cards, biometrics, East digital calculation, digital currency, 6G concept and digital economy led the increase; Combustible ice, low-carbon metallurgy, scarce resources, gold concept, in vitro diagnosis, oil and gas equipment and services, coal chemical industry, natural gas, dairy industry and other concepts led the decline.
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national Standing Committee: put steady growth in a more prominent position and ensure that prices are stable within a reasonable range
According to Xinhua news agency, the executive meeting of the State Council held on March 14 determined the division of key tasks in the government work report, requiring solid and strong implementation to promote the steady operation of the economy in climbing over the ridge.
us and Burmese oil return to the vicinity of US $100, and the international crude oil market returns to rationality
On Monday (March 14) US Eastern time, the US and Burundi oil companies declined following the decline last week, and are now trading near us $100 a barrel. The specific market shows that the price of American WTI crude oil futures delivered in April fell by US $7.36 during the day and is now reported at US $101.78 per barrel, down 6.74%. It once fell below the US $100 per barrel mark during the day; The price of Brent crude oil delivered in May fell by US $7.21 during the day and is now at US $105.13 a barrel, down 6.42%.
when the hedge funds fled 50 billion, international banks shouted “super match China”
Duan Yifan, a researcher of Morgan Stanley Huaxin Fund Research and management department, told reporters that the external conflict pushed up the oil price, the market’s concern about inflation intensified, the overseas market adjusted sharply, the A-share sentiment was also impacted, and the Hong Kong stock market was subject to the additional impact of China concept stock supervision. The continuous decline triggered negative feedback at the capital level, which accelerated the decline of the market. However, Goldman Sachs said that at present, the Chinese market is oversold and maintains the oversold MSCI China Index. The agency believes that the fair P / E ratio of MSCI China should be 12.5 times, rather than the current 9.9 times, which is the lowest in six years.
Jufeng viewpoint
Pre market judgment: European stock markets generally rose overnight, while US stocks continued to adjust, and the prices of gold and crude oil fell sharply; This phenomenon shows that the impact of the situation in Ukraine on the global market has gradually weakened, and the expectation of US dollar interest rate hike has become the main influencing factor. For a shares, the impact of the epidemic is still improving, and the Shanghai stock index is expected to bottom in the range of 3150 ~ 3350. At present, the market is more emotional. It is suggested that investors control their positions and pay attention to risks for stocks with medium and high callback of two financial targets reaching 30%.
In fact, on March 15, the Hang Seng Index fell 3% and the Hang Seng technology index fell more than 6%; The three major A-share indexes collectively opened lower, with the Shanghai index falling 0.97%, the Shenzhen composite index falling 0.95% and the gem index falling 0.88%. Electronic ID card, chemical fiber, household products and other sectors led the increase, while wine making, medical care, nonferrous metals and other sectors led the decline.
After the opening, the stock index quickly fell to the ground. The Shanghai Composite Index led the new round of adjustment low, the three largest stock index expanded to 2%, coal, gold, Baijiu, iron and steel, petroleum, gas, wind power, medicine led the decline, Kweichow Moutai Co.Ltd(600519) intraday drop of nearly 5%. 10: After 2000, the stock index rebounded in shock, and the brokerage sector took the lead in rebounding, followed by the strengthening of lithium battery, semiconductor and other technology stocks; The gem index took the lead in turning red and rising by more than 1%, the heavyweight stocks Chongqing Zhifei Biological Products Co.Ltd(300122) on the gem rose by nearly 8%, and Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) rose by more than 3%. In the periphery, the Hang Seng technology index stopped falling and rebounded. The disk looks hot, but compared with the situation of large-scale decline and contraction rebound, the adjustment is far from over. After the rebound lasted 45 minutes, the stock index fell again.
Recently, we have repeatedly stressed that we should follow the trend and reduce our positions in time with the help of intraday rebound. At present, the wide range of market shock is an opportunity to sell high and absorb low. Reverse operation should be avoided by all means.
Investment advice: Jufeng investment adviser believes that the central bank has continuously reduced reserve requirements and interest rates since December last year to release liquidity, indicating that the policy bottom has appeared; However, the construction of the market bottom is more complex and there is a time lag between the market bottom and the policy bottom, so the trend of A-Shares has twists and turns. After the Spring Festival, value and growth rose one after another. At the end of February, the oversold rebound market fell behind and continued to find the bottom. At present, the construction of A-share bottom box is a good opportunity to sell high and absorb low. Especially when there is intermediate adjustment in the market, but there is no liquidity risk, it is suitable to reduce positions; The medium-term proposal takes growth as the main line, and individual stocks with higher than expected growth in the annual report and the first quarter report can continue to participate in the rebound.
