Viewpoint: after four consecutive months of recovery, the leading economic indicators fell below the boom and bust line, confirming the judgment of anti pumping we mentioned earlier. In this case, the pressure of economic growth still inhibits the market. Under the support of policy support and monetary easing cycle, the market as a whole is still a process of shock bottoming. In the short term, there will be a continuous rebound after the panic decline of the index. The rebound here is still defined as oversold rebound. Under the unstable mood and repeated demand in the market, we should beware of falling back again and possible bottom. However, on the occasion of the second overweight of policies and the recovery of short-term sentiment, there may be room for oversold rebound, but the overall space may be relatively limited.
Under yesterday's sharp rise, today's market did not usher in high opening, but both opened low. Obviously, the strength of this continuous rebound will be much weaker. After the opening, the two cities fluctuated upward, but then they rushed up and fell back and turned green for a time. At the end of the trading, they rebounded again and turned red. On the whole, they opened lower and went higher, continuing yesterday's rebound trend. On the disk, the coal sector led the rise, while the real estate, banking, architectural decoration, food and beverage, petroleum and petrochemical sectors strengthened, while agriculture, forestry, animal husbandry and fishery, computers, media and non bank finance fell.
Throughout the day, the theme stocks led by Contemporary Amperex Technology Co.Limited(300750) dragged down the gem, while the securities companies fell down and suppressed the market Contemporary Amperex Technology Co.Limited(300750) previously, the publication of quarterly report was delayed, and there were all kinds of speculation in the market, so the stock price also continued to decline for a time, which was a drag on the gem. After yesterday's sharp rise, today ushered in a sharp decline. The huge amplitude in the short term also reflects the instability and uncertainty of the current market. At the same time, there have been continuous adjustments in the securities sector, which has also seriously inhibited the market. The continued decline of securities companies should be directly related to the poor performance expectation of the sector in the first quarter. After all, under the cold market and lack of growth last year, the development of the industry has been greatly tested. From the results announced earlier, most of the year-on-year decline will naturally put pressure on the stock price.
In fact, we also said earlier that we should be cautious about the market in the last week of April, especially at the last moment of performance announcement. We should pay attention to those varieties whose performance may inhibit the stock price and then affect the market. Of course, this impact is short-lived. Once market sentiment starts to pick up, this impact will also weaken.
Back on the disk, although the index continued to rebound, the transactions between the two cities shrank sharply, and the strength to continue the upward attack was weak. Despite the rise of many sectors, the differentiation between sectors is relatively serious, including many targets that rose sharply yesterday, which also fell today. The overall rebound trend of the market is not strong. It is suggested to reduce expectations for the sustainability and strength of the rebound.
On the whole, under the slight rebound of short-term market sentiment and oversold, the rebound is expected to continue, but the sustainability and strength of the rebound may be lower than expected. At the beginning of May, there is still the interference impact of the possible interest rate increase by the Federal Reserve. We should be careful to prevent the market from falling again, and the bottom after the fall may have a better short-term low absorption opportunity.
