[pre disk interpretation]
This week kicked off with a sharp decline in the market. All major stock indexes fell by more than 5%, and the index closed at the low point of the day, with strong panic in the market. On Monday, we warned to be vigilant against negative emotional risks. In the early stage, we repeatedly suggested to reduce the position to less than 30%. If we had followed the strategic direction before, this wave of adjustment risk is not bad, and there is no need to panic under the state of low position.
On the disk, the whole sector turned green and individual stocks were collectively adjusted. There were more than 3000 companies with a decline of more than 7% in the two cities and less than 150 companies with a red turn. Major financial and some consumer stocks are slightly more resistant to decline, which confirms our view that they are logically strong in the early stage. There was a news yesterday that Indonesia, as the world’s largest vegetable oil exporter, announced a ban on the export of edible oil and its raw materials on the 28th in order to control Chinese prices. From a point of view, the impact of both the inflation crisis and the epidemic on consumption is obvious, and there is no substantial change in the short term. Therefore, we will continue to pay attention to the direction of consumption, as well as the financial sector that contributes to the maintenance of market stability.
Technically, the panic of the index fell, and the Shanghai index not only fell below 3000 points, but also approached the gap near 2870 points in the early stage. However, after the short-term 3000 point break, under the oversold and technical backwardness, the demand for oversold rebound will increase. If there is oversold rebound technical resistance, focus on the performance of volume and energy. For now, the position is still maintained at more than 30% to control the risk.
Strategically, the devaluation of the RMB, the expectation of the Federal Reserve to raise interest rates and the sharp decline of global stock markets led to the weakness of a shares, which finally fell below the psychological defense line of 3000 points and fled in panic. But objectively speaking, the decline below 3000 points is mainly disturbed by panic. The collapse of disk confidence is either a major positive stimulus or needs time to repair gradually. Don’t panic blindly in operation, because this position is very likely to become a recent low, but at the same time, because there is no stop signal, it is not recommended to increase positions at will. First, patiently wait for the negative emotions to vent out and pay attention to the opportunities for rebound and repair in the later stage.
[message side]
The central bank decided to cut the foreign exchange deposit reserve ratio of financial institutions by 1 percentage point.
In order to improve the ability of financial institutions to use foreign exchange funds, the central bank decided to reduce the foreign exchange deposit reserve ratio of financial institutions by 1 percentage point from May 15, 2022, that is, the foreign exchange deposit reserve ratio will be reduced from the current 9% to 8%. Note: the offshore RMB rose 300 points against the US dollar in the short term, now at 6.5766.
[short term hot spot]
According to Baichuan Yingfu, on April 25, the market price of trichlorosilane was temporarily stabilized. The market price of photovoltaic grade trichlorosilane was mostly about 270 Xinjiang Tianshun Supply Chain Co.Ltd(002800) 0 yuan / ton, and that of ordinary grade trichlorosilane was about 185 Yunnan Yuntou Ecology And Environment Technology Co.Ltd(002200) 0 yuan / ton. With the gradual release of new polysilicon production capacity, it is expected to drive the landscape of photovoltaic grade trichlorosilane to continue to rise.
Recently, the housing and Urban Rural Development Commission of Mianyang City, Sichuan Province issued the implementation opinions on further improving the addition of existing residential elevators in Mianyang City, proposing to adjust the voting proportion of motions and abolish the “one vote veto system”; If the construction, operation, maintenance and other expenses required for the addition of elevators are mainly funded by the owner, the government will give certain subsidies; The owner can apply to withdraw the housing provident fund of himself and his spouse for the addition of elevators.
[European and American stock markets]
\u3000\u30001. As of the close, the Dow Jones index rose 0.70% to 3404946; The Nasdaq composite index rose 1.29% to 1 Beijing Science Sun Pharmaceutical Co.Ltd(300485) ; The S & P 500 index rose 0.57% to 429612. The three major indexes once fell more than 1%.
\u3000\u30002. European time on Monday, the main indexes of European stocks fell across the board. As of the close, the FTSE 100 index closed at 738054, down 141.14 points or 1.88% from the previous trading day; The French CAC40 index closed at 644938, down 132.04 points or 2.01% from the previous trading day; Germany DAX30 index closed at 1392417, down 217.92 points or 1.54% from the previous trading day.
