[pre disc interpretation]
Last week, the market trend was a bit misleading. The index fell sharply in a row, the market was full of sadness, and the general decline of individual stocks was even more common. After a week of adjustment, the current disk sentiment has dropped to the freezing point. This week, as the last trading week before the Spring Festival, we focus on whether there can be an effective repair market after the emotional release is complete.
On the disk, stimulated by the good news, tourism hotels, public facilities and civil aviation led the two cities; The overall performance of covid-19 drugs, large aircraft and pharmaceutical e-commerce was weak. At the same time, the overall adjustment of the pharmaceutical sector was also a big short weapon on Friday. At present, the market hot spots are scattered and the main line direction is vague. However, it can be noted that the low-level blue chips are still the main ones with good fall resistance. Therefore, for the next hot direction, continue to continue the previous view, big finance, low-level blue chip and new infrastructure.
Technically, the three indexes opened low and went low, creating a phased new low. Although there is a process of pumping back and repairing indicators in the small time-sharing after continuous adjustment, the daily level has not stabilized at present. At the same time, the short-term short sentiment is suppressed obviously, so it continues to remain below 50%.
Strategically, the recent market crash has indeed killed the panic of many people, but we do not recommend blindly following the trend and chasing up and down. From a long-term perspective, the main macro tone is “stability”, which refers to the stability of the overall environment. Therefore, with the support of policies, the downside risk of A-Shares is limited. Moreover, the central bank has cut interest rates continuously, and it is very clear to maintain market confidence. Hong Kong stocks have risen sharply continuously, and there are still opportunities for A-shares to make up in the later stage. Moreover, the sharp drop last week was also affected by the US interest rate hike. After the boots landed this week, it added repair opportunities. Therefore, from the long-term perspective in the future, there may be intervention opportunities this week. Please pay attention to observation and watch while walking.
[message side]
The fourth quarter report of public funds in 2021 is about to be disclosed. From the perspective of industry allocation, the market value of the overall allocation of the fund to the manufacturing industry was the highest in the fourth quarter. The first heavyweight stock was still Kweichow Moutai Co.Ltd(600519) , followed by lithium battery leader Contemporary Amperex Technology Co.Limited(300750) . The fund added four new energy and consumer electronics in the second quarter, reducing Baijiu and pharmaceuticals. Qinghai Salt Lake Industry Co.Ltd(000792) has the highest market value and the market value of the warehouse is 6 billion 264 million yuan. The market value of Contemporary Amperex Technology Co.Limited(300750) is the highest, reaching 60 billion yuan, followed by Kweichow Moutai Co.Ltd(600519) and Wuxi Apptec Co.Ltd(603259) .
[short term hot spot]
Recently, Shanghai Yu Qiujing submitted a proposal entitled “suggestions on the construction of Maglev suburban ring line to connect five new towns”. On the basis of the Maglev Demonstration Line, Shanghai can actively study and prepare the maglev suburban loop line to connect the five new towns, Hongqiao and Pudong airports and relevant railway stations, and reserve the connection ports of Shanghai Nanjing maglev and Shanghai Hangzhou maglev.
The ecological environment monitoring plan for the 14th five year plan issued by the Ministry of ecological environment recently stipulates that enterprises in key industries such as thermal power, iron and steel, oil and gas mining, coal mining and waste treatment will be organized to carry out pilot monitoring of greenhouse gas emissions such as carbon dioxide and methane, so as to promote the development of carbon emission measurement technology and the improvement of informatization level.
[European and American stock markets]
On Friday, the Dow Jones Industrial Average fell 450.02 points, or 1.30%, to 34265.37. The Nasdaq composite index fell 385.10 points, or 2.72%, to 13768.92. The standard & Poor’s 500 index fell 84.79 points, or 1.89%, to 4397.94.
In Europe, the FTSE 100 index fell 1.20% to 7494. The French CAC40 index fell 1.75% to 7069 points. Germany’s DAX index fell 1.94% to 15604.
