Today, the stock indexes of the two cities opened normally. In the morning, the Shanghai index first sorted horizontally, and began to slowly fall back to the noon closing after 10:30, while the gem came out of the shock adjustment market in the morning; In the afternoon, the inertia of the stock index fell, and saw the lowest point of the whole day around 14:05, and then gradually recovered to the end; Disk hot spots: covid-19 medicine, cloud games, IP realization, intellectual property rights, online games, data center, state-owned cloud, tourism, Internet, media and entertainment, household products and other sectors performed strongly; Overall: today's market shows a slight adjustment.
At present, the A-share market as a whole is in a process of shock consolidation. The index fluctuates little, but individual stocks fluctuate very violently. As we have said many times before, this phenomenon is mainly caused by the increasingly fierce structural market after the registration system, but it is impossible to try to return to the past environment. The structural market in the future is the general trend and normalization, Investors must follow the trend as soon as possible and take the initiative to adapt.
For the overall judgment at the index level, we have focused on the comparison of the two indexes, the Shanghai index (Shanghai index) and the Chuang composite index (Qianfeng). At present, these two indexes are operating above the annual line, which shows that the medium-term trend of the market remains unchanged. Therefore, investors do not need to worry too much about the nature of the market due to fluctuations for the time being. It is more important to patiently deal with the structural market. Once again, it is emphasized that "low level + large increase in performance + hot spot" is a very effective strategy under the structural market.
In terms of policy, the news of the central bank's big release of water is really exciting, and we believe that monetary policy is only a means, and the words in it are worth pondering: "under the principle of avoiding credit collapse, make sufficient efforts, open the monetary policy toolbox a little larger, take the initiative, actively welcome guests, move forward, forward-looking operation, and walk in front of the market curve", These are very clear expressions of policy support for China's economy. However, this does not mean that the capital market will continue to soar. The probability in the future is still a structural market. Investors should be mentally prepared and should not be mistaken for the policy that will cause the stock market to soar.
Looking at today's disk performance, the market has adjusted again, but the whole is within the controllable range. Therefore, Fan Bo of Xiangcai Securities believes that this level of fluctuation will not have a great impact on the market. It belongs to the category of conventional fluctuation and will not have any impact on the structural market. In terms of profit-making effect, there are still more than 70 stocks in the two cities, which shows that today's adjustment at the market index level will not affect the activity of funds. Therefore, we adhere to the view of structural long strategy.
To sum up: the central bank's statement of actively releasing water is absolutely beneficial to China's economy, but it still needs to be rational for the stock market. The probability of sharp rise is not high. Before the continuation of the structural market in the future, it is a high probability event. Investors still need to polish their own strategies, otherwise it has nothing to do with you.
