Rebirth of the investment era

Seeing that a steady stream of buying orders are still pouring in, and due to the leading role of the 'construction and decoration' industry sector, steel, building materials, real estate and other industry sectors are also gradually being driven. The core stocks in the industry sector continue to attack upwards. , in the market, investors' attention and emotions can't help but become more and more intense.

"Damn it, aren't you cheating?"

Seeing the instantaneous divergence of market sentiment, the strength of the main force's capital attack continued to increase. Among the investors who were paying attention to the market, those who had previously threatened that the main force was self-rescuing and experiencing pulse fluctuations could not help but exclaim at this moment. The originally bearish thoughts were reflected in various sectors. In the rising trend of continuous breakthroughs, it wavered momentarily.

"What kind of logic is this? I can't understand this increase..."

"Building decoration, building materials, steel, real estate... Look at these sectors that are leading the rise. It is obvious that they are all rising around 'infrastructure' and 'real estate'!"

"They are all big players in the traditional sunset industry. Is real estate recovering?"

"In terms of macro policies, the real estate industry has indeed been relaxed, but when it comes to recovery, is it too early to judge? As far as I know, many large companies in the real estate industry currently have high inventory, poor financing, and The transaction volume and prices of the entire property market are still in a sluggish stage, and there is no sign of industry recovery."

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"Then what's the logic behind this increase?"

"Although there are no signs of recovery in the property market, the increase in infrastructure construction has been highlighted, right?"

"According to the financial reports of many companies that have been released, the performance of 'silly and big' stocks such as steel and cement does show signs of recovery, but the market's attention is no longer on this aspect, and even if the industry's growth is prominent, the space is very limited. Right? These traditional sunset industries have no valuation advantages at all, and I don’t think there is any sustainable market logic.”

"Let's look at the oversold rebound first. Although the future prospects of these 'silly and thick' stocks are not good and there is serious overcapacity in the industry, they have fallen hard enough before. I think it is normal for them to rebound."

"Yes, the harder it is pulled, the clearer the logic of an oversold rebound will be."

"After all, according to the routine of the main funds, after a sharp pull, market sentiment and sentiment will be quickly accumulated, and then a large number of follow-up orders will flow in to take over. Let's go up. Stocks in this traditional field with no prospects, even if they rise to the sky, will not follow suit. It doesn’t matter to me, the future market hope is obviously that the GEM is still the main market.”

"Yes, yes, technology is the future. It's better for these 'stupid and thick-headed' blue chips with no prospects to die!"

"Steel, construction, real estate...these large-cap low-price stocks are the favorites of adults. Look, this kind of promising field will rebound for a day at most and then fall back."

"Eh, shit... the stock of Hi-tech Development has also gone straight to the daily limit! Are you sure this is an oversold rebound?"

"In the construction and decoration industry sector, 10 stocks have increased by more than 5%. This intensity of financial attack... is it really a rebound, not a reversal?"

"Ah! The net inflow of main funds in the entire construction and decoration sector has reached 700 million. No matter whether it is a rebound or a reversal, in this case, let's talk about it first. If the main funds buy in such a large amount, it will not be buried. Me?"

In the midst of heated discussions...

Building decoration, building materials, steel, real estate and other sectors that revolve around "infrastructure" have become stronger and stronger throughout the process of "Yuhang Investment" continuing to invest funds in the market. As the trading time goes by, several major The trends of the sectors are also increasingly closely linked.

"It's actually the field of 'infrastructure' that has burst out!"

After 'Huaguo Construction, Huaguo MCC, Huaguo Communications Construction, Huaguo Railway Construction, and Huaguo China Railway' all increased by 5%, the three stocks of Beixin Road and Bridge, Hi-tech Development, and Pudong Construction closed their daily limits one after another, and the entire' At the moment when the construction and decoration industry sector has fully exploded, in the Magic City, inside Zexi Investment, in the trading room, Xu Xiang stared at the market with a look of surprise: "The market's trend choices are always so unexpected."

Since the market bottomed out and rebounded, after the main funds of all parties in the market continued to fail in the two core main lines of 'mobile Internet' and 'smartphone industry chain' of the small market and GEM, he realized that the main line style of the market may be Changes, but he did not expect that 'infrastructure' would take on the important task of breakthrough and become the strongest market since the market rebounded.

"I feel that the main funds that detonated the market today are not just trading around 'infrastructure'." Following Xu Xiang's words, fund manager Zhou Kan said, "Boss, you see...the changes on the market are the most obvious, and the moves are the most obvious. Strong stocks, whether they are stocks in the construction and decoration and building materials sectors, or stocks in the steel and real estate sectors, basically have one characteristic, that is, the controlling parties are all state-owned institutions."

“Rather than talking about infrastructure, the main point of capital investment is ‘state-owned enterprise reform’.”

“Of course, looking at the market, there is also the concept of ‘preferred stock pilot’ hidden in it. After all, according to the ‘preferred stock pilot document’ previously announced by the regulators, blue chips are obviously the first to benefit.”

Hearing Zhou Kan's reminder, Xu Xiang thought for a while and said: "It's true, it seems that the market is divided into 80 and 20, and all the good things from the regulatory authorities are basically aimed at the blue chip field. In the release, the timing of placing funds in this stock was also very cleverly grasped.”

Before a comprehensive breakthrough in ‘infrastructure’.

In the entire market, hot spots have fallen into a state of scarcity. Old hot spots cannot be speculated on, and new hot spots have no continuous capital to follow. As a result, funds from all walks of life cannot find a breakthrough direction for a while. In this case, 'infrastructure' The comprehensive breakthrough, popularity and emotion, and strong money-making effect instantly attracted the participation of funds from all walks of life who could not find a breakthrough direction.

"Boss, do you think...there is hope for a reversal in this field?" Zhou Kan paused and continued, "Will the market surrounding 'infrastructure' become the next core line of the market and lead the market further?" Hope for a rebound?”

"Judging from today's capital follow-up effect, there is such a probability." Xu Xiang said, "But to determine whether this is the main line in the future, it must be based on the degree of fermentation of market sentiment and the following trading days. It can only be judged by the persistence and popularity of the market.”

"Then shall we... follow you now?" Zhou Kan asked.

Xu Xiang pondered for a moment and said: "Let's take a look first. If it is really the core main line of the market, if we take the opportunity on the right side, the profit will not be too bad."

His research on the two major fields of ‘infrastructure’ and ‘real estate’ is not in-depth.

Therefore, faced with the sudden outbreak of stocks in these two major fields, he still had to take a look at the market's reaction and sustainability before he could make up his mind to follow. After all, none of the previous blue-chip large-scale riots were unprecedented. Therefore, although he felt that there was a high probability that the market would undergo a 28-20 transition, he still had a cautious attitude towards this and was willing to give up the cost advantage of early intervention in building a position and choose a more certain right-hand position. Side trading opportunities.

But at that moment Xu Xiang stood still and watched the changes.

In the Shenzhen market, within Xiniu Fund, fund manager Fang Xinsheng was overjoyed and hurriedly ordered traders to increase their positions in the core stocks of 'big infrastructure' that led the market today.

"Sure enough, I said that the direction of market breakthrough must be born in the field of 'infrastructure'." Fang Xinsheng said excitedly while instructing traders to increase their positions with all their strength, "Real estate has recovered, and infrastructure construction such as urbanization and rural construction has accelerated significantly. , the increase in the entire 'infrastructure' is advancing rapidly. There is no field in the current market where the expectations are so different, and as expected, it has finally exploded."

In his trading strategy, he doesn't care about emerging industries or traditional industries.

He only focuses on the areas in the market with the largest differences in future expectations, relatively speaking, the areas with the most potential and the most worthy of speculation. Whether that area is a traditional industry or an emerging industry, as long as such an opportunity appears and is verified by the market trend, then... …He didn’t hesitate to take action.

"But Manager Fang...there were expectations in this field before, so why didn't it get stirred up?" Mou Zhengxing, the leader of the trading team, asked while operating, "How can we judge whether this market outbreak in the 'infrastructure' field is a reaction?" Turn instead of rebounding from oversold?”

Fang Xinsheng replied with a smile: "In the market, it does not mean that there is a difference in expectations, there must be a market trend. Indeed, according to our research, the demand in the 'infrastructure' field has long been highlighted, and the regulatory authorities have relaxed policies in the real estate field. , is also continuing to increase. In other words, the expectation of reversal in this field in the future has been increasing."

"However, you have also seen that the market has turned a blind eye to this before."

"The valuations of core stocks have not only failed to improve amid market changes, but have been further compressed in the past month or two."

“Does this prove that the market is wrong? No!”

"As for the market itself, there are expectations and valuation advantages. This is just the basic condition for the market to break out, and it does not necessarily mean that it can really come out. If you want the market to really come out, you still need a catalytic effect, and this In my opinion, the catalyst for the market... is the market's capital, sentiment, and resonance with market macro conditions and favorable policies. Only when these resonance conditions are achieved can the market really explode."

"Let's look at today's market..."

Fang Xinsheng paused and continued: "Industry sectors such as 'building decoration, building materials, steel, and real estate' are interconnected, and core stocks are all rising in volume and price. In addition, state-owned enterprise reform, preferred stock issuance, etc. Favorable stimulus from macro policies has led to a large-scale influx of hot money into this field for speculation."

"The funds in the entire market have formed a synergy under this situation."

"In this way, all conditions have resonated, which shows that breakthroughs in the field of 'infrastructure' are effective and have strong support. We can follow up boldly with confidence."

"Furthermore, even if our judgment is wrong, this area has been completely abandoned by the market before, and the valuation has been compressed to the limit. Even if it is an oversold rebound, the stock price rebounds and then falls back again. Our bargaining chip to intervene at this position is The magnitude of the loss will not be large, and we are fully able to bear the risk of misjudgment.”

"Understood!" Mou Zhengxing nodded, "Thank you, Manager Fang, for your answer."

Fang Xinsheng nodded slightly and continued: "In the early stage of the market, there must be hesitation, but as the money-making effect increases, the logic of this main line will only become clearer and clearer, and more and more people will follow it by then. Realizing that there are investment, speculative opportunities here.”

As he spoke, the market trading time had passed 11 o'clock in the morning.

At this moment, the market trend has become more obvious and clear.

Among the two cities, the four major industry sectors of "building decoration, building materials, steel, and real estate" that revolve around "infrastructure" all increased by more than 2%, leading the other industry sectors in the two cities and being the first to change. , the construction and decoration industry sector, which is responsible for today's "infrastructure" main line breakthrough, has increased by 4.73%. 16 stocks in the sector have increased by more than 5%, of which 4 stocks have sealed their daily limit, and 7 stocks have increased by 7%. The above points are likely to set off a rising trend.

In addition to industry sectors...

In terms of concept sectors in the two cities, the two major concepts of "state-owned enterprise reform and preferred stock pilot" led the gains.

Of course, among the constituent stocks of the two major concept sectors that led the gains, the ones at the top of the gainer list were a group of stocks with the attribute of "infrastructure".

As for the small and medium-sized board, GEM 'mobile Internet', 'smartphone industry chain' related concept sectors and their popular stocks that have attracted much attention in the past, today they have been greatly drained by the 'infrastructure' sector that has been fully rioted. In 'infrastructure' In the rebound from the all-out riots, this field not only did not rise, but also fell a lot, and various related concept sectors showed capital outflows.

And thanks to the overall promotion of the "infrastructure" sector.

Today's gains in the Shanghai Stock Exchange Index also outperformed the Shenzhen Stock Exchange Index and the ChiNext Index, a rare display of the "market big brother" style.

"The main line of infrastructure construction should be completed, right?" Seeing the market changes that were obviously better than expected, Yuhang, inside the Yuhang Investment Company, in the trading room, the fund manager Li Meng stared at the big screen of the trading room, and finally relaxed. He took a breath, turned his head and looked at Su Yu, and said, "We have identified the theme, and we have also released the first shot of the market. Next... it depends on the emotional fermentation of the market, as well as the funds on and off the market. Following up on the situation.”

Su Yu nodded slightly and said with a smile: "The first shot has been fired, and the hesitation period at the beginning of the market has passed, and the subsequent problems will not be big."

"Yeah!" Li Meng responded, "Whether it is the market or individual stocks, after more than a month of continuous shrinkage, and after the panic of the last drop was cleared, the chip pressure at this position is no longer great. As long as We have set the market direction, and it is not difficult to continue to induce upward breakthroughs in the future. According to the trading strategy we formulated before, now... it should be at least 70%, right?"

"About 80%!" Su Yu said, "As long as there is no sudden extreme bad news in the market, there should be no surprises when the main line of 'infrastructure' comes out. By the way, how many chips were bought in total this morning?"

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