On May 23, Xingshi investment expressed its view that the recent performance of the US stock market fluctuated greatly, while A-Shares walked out of the "independent market" under the background of full landing of internal and external negative factors. At present, the bottom characteristics of A-Shares are very obvious, and the market has started to rebound. Under the environment of China's economic expectations and stock market confidence, and high-frequency data began to confirm the strength of economic repair, the rebound is expected to turn into a reversal.
Looking back, Xingshi investment believes that all sectors of A-Shares have good investment value. On the one hand, the core driving force of this round of market rebound comes from the economic normalization after the local epidemic is controllable. The certainty of production repair and consumption recovery after the epidemic continues to improve. The performance expectations of manufacturing and consumer industries with large stock price decline affected by the epidemic in the early stage are also improving, which will support the follow-up stock price trend.
Xingshi investment further pointed out that considering that the follow-up consumption may become an important "steady growth" policy, the medium and long-term investment value of the consumption sector may be more prominent. On the other hand, the disturbance of overseas factors continues to weaken, and the suppression of the Fed's tightening monetary policy on the growth sector is also decreasing. Many stocks with excellent medium and long-term prospects have been in a state of low valuation, and the dominance of medium and long-term prosperity is still a more important fundamental aspect.
