Abstract: the positive policy setting of the Politburo meeting helps to boost market sentiment and stabilize market confidence.
The trend of the three major indexes was differentiated, and the Shanghai index maintained a red market shock. Affected by Contemporary Amperex Technology Co.Limited(300750) impact, the gem index once fell more than 3% in the morning. The main reason for the decline of gem is the general decline of component stocks, while the rise of non component stocks is good, but it is not included in the calculation of the index. From a technical perspective, the continuous decline in the early stage of the market is the concentrated release of short positions, while there was a continuous rebound in the first three trading days of the small and long holiday. When the market ignores the pre holiday effect, it shows that this decline has stimulated the resonance of capital long. The rebound may continue. This rebound may be an effective signal to stop the decline.
After the current market risk is fully released, it is not appropriate to be overly bearish on the market. With the landing of the Fed's interest rate hike, the market is expected to usher in a round of repair market with the elimination of China concept stock disputes and steady growth. The cumulative adjustment time of the current round of market has been long, the overall decline is large, the recent transaction volume has gradually shrunk, and the market valuation has returned to a historical low. Combined with the recent changes of some positive factors, the medium-term investment value is gradually emerging. Large domestic demand space, strong resilience and relatively sufficient policy space. The policy setting of the Politburo meeting is positive, which helps to boost market sentiment and stabilize market confidence.
