Macro view:
1. The impact of the current epidemic in China has increased the uncertainty of the market’s expectation of economic growth this year, but with the passage of time, the subsequent economic expectation may gradually improve.
2. After the adjustment of energy policies in Europe, the growth rate of global capital expenditure is expected to accelerate upward. Under the background of relatively stable energy prices, China’s exports are expected to exceed expectations.
3. The US economic recovery faces energy constraints. Whether the US stagflation is sustainable needs to pay attention to the direction of its energy policy.
Market view:
1. Real estate has the characteristics of economic policy tools and is still in the downward expectation for a long time. Pay attention to the risks after the rise of the real estate chain.
2. The growth sector has entered the period of strategic layout. It needs to rebound in the short term, with appropriate cost performance in the medium term, and will benefit from the slowdown of economic growth in the long term.
3. The expectation of “dynamic clearing” and steady growth may improve the medium and long-term expectation of consumption.
Top ten gold stocks in April
\u3000\u3 Guocheng Mining Co.Ltd(000688) 233 Shanghai Kindly Enterprises Development Group Co.Ltd(603987) Zhuzhou Times New Material Technology Co.Ltd(600458) Guangdong Xinbao Electrical Appliances Holdings Co.Ltd(002705) Sinostone(Guangdong) Co.Ltd(001212)
Shanghai Fengyuzhu Culture Technology Co.Ltd(603466) , Kwai -W, Kunshan Huguang Auto Harness Co.Ltd(605333) , Hangzhou Weiguang Electronic Co.Ltd(002801) , Anhui Xinbo Aluminum Co.Ltd(003038)
Risk tips
Downside risks of China’s economy; Liquidity tightening exceeded expectations; The epidemic rebound exceeded expectations; Risk of aggravating geographical conflicts, etc.
