Yesterday morning, the market opened high and went low. In the afternoon, driven by financial stocks, the Jedi counterattacked a strong rebound, and all major indexes rose by more than 3%. In terms of sectors, tourism, airport shipping, electronic ID cards, securities, third-generation semiconductors and other sectors led the rise, while covid-19 detection, covid-19 treatment and a few other sectors fell. Overall, individual stocks rose more and fell less. More than 4200 stocks rose in the two cities, and nearly 200 stocks rose by more than 9%. The turnover of Shanghai and Shenzhen stock markets was 1192 billion, up from 67.7 billion on the previous trading day. Northbound funds sold a net 82.29 million yuan throughout the day, including a net purchase of 3.08 million yuan by Shanghai Stock connect and a net sale of 85.38 million yuan by Shenzhen Stock connect.
Overnight, the three major US stock indexes collectively closed higher, with the Dow index rising 1.55%, the S & P 500 index rising 2.24% and the NASDAQ index rising 3.77%, the largest one-day increase since November 2020. Popular Chinese stocks rose sharply, and several stocks rose by more than 50%. Software applications, semiconductors and aviation generally rose, China Southern Airlines Company Limited(600029) up more than 14%, asmai up more than 9%, United Continental Airlines and Western Airlines up more than 7%, and American Airlines up more than 5%. NVIDIA, a large technology stock, rose more than 6%, Tesla rose more than 4%, Amazon and Google rose more than 3%, and apple and Microsoft rose more than 2%. Oil and gas stocks, heat media and military stocks fell, with Lockheed Martin down more than 6%, American energy down more than 5% and general dynamics down more than 4%. Berkshire Hathaway shares continued to hit a record high, closing at $500000 for the first time.
At today’s morning meeting of securities companies, Central China Securities Co.Ltd(601375) said that market sentiment is expected to improve gradually and usher in a large rebound China International Capital Corporation Limited(601995) pointed out that the impact of the Fed’s monetary tightening is not over and will still be the main macro risk throughout 2022 Shanxi Securities Co.Ltd(002500) it is suggested to continue to pay attention to the high-quality target of the new energy sector with good prosperity.
Central China Securities Co.Ltd(601375) : market sentiment is expected to improve gradually and usher in a large rebound
Central China Securities Co.Ltd(601375) said that although overseas political risks always exist, the opening of the reverse cycle of China US monetary policy has increased the outflow of foreign capital, and the positive correlation between the narrowing of China US interest rate spread and the decline of Shanghai and Shenzhen 300 seems to have no inflection point in the short term. China’s epidemic and the recovery of the real estate market may be around the middle of the year, but from the perspective of term interest rate spread, The difference between the yield of 10-year AA corporate bonds and that of 1-year AA corporate bonds is in a steep downward trend, indicating that the current market risk is mainly concentrated in the short term. 3.15 the sharp sell-off of coal stocks means that the most panic stage of the market is basically over. At present, more and more stocks have high cost performance, and the medium and long-term trend of stable and good economy remains unchanged. It is expected that the market sentiment is expected to gradually improve and usher in a large rebound.
CICC: the impact of the Fed’s monetary tightening is not over and will remain the main macro risk throughout 2022
China International Capital Corporation Limited(601995) research report pointed out that the Federal Reserve raised interest rates by 25 basis points as scheduled, in line with expectations. The monetary policy statement emphasized widespread inflation, and the dot matrix significantly increased the number of interest rate hikes this year. In the short term, the Fed has released a signal: we should not only fight inflation, but also avoid recession. In order to avoid recession, we can tolerate some inflation. In the medium term, the Fed’s tolerance of inflation will increase the risk of economic “stagflation”. We believe that the impact of the Fed’s monetary tightening is not over and will remain the main macro risk throughout 2022.
Shanxi Securities Co.Ltd(002500) : continue to pay attention to the high-quality target of new energy sector with good prosperity
Shanxi Securities Co.Ltd(002500) said that at the current time point, it is suggested to lengthen the cycle to look at fluctuations, the market liquidity support is still slightly insufficient, the willingness of foreign capital to increase holdings in the short term is low, and the upstream imported inflation still strongly suppresses the profit space of middle and downstream enterprises. In the face of oversold rebound, it is recommended to maintain a certain degree of caution. At the same time, there is no need to be overly pessimistic. Asset prices have basically reflected the recent negative factors, and the downward space has been relatively limited. It is suggested to balance the mentality, leave enough bullets, continue to pay attention to the opportunities formed in the continuous correction of high-quality targets in new energy, traditional Chinese medicine, semiconductor, national defense and military industry, and pay close attention to the marginal changes in the industry boom, and choose the opportunity to configure social services Real estate and other sectors that are expected to usher in a reversal.
