Rebirth of the investment era

Su Yu responded with a smile: "In the context of the macro-policy of 'military asset securitization' and 'reform and reorganization of central and state-owned enterprises', the more the stock price rises, the more it proves that the stock is expected to be restructured, and reorganization The stronger the expectations, the more stable the speculation logic of this check will be, and the natural stock price trend and the combined force of funds will become more and more consistent."

"However, the current market also needs this check to open up the situation."

"Only if this check creates enough room for speculation and a high level of connection, can it stimulate a large number of active financial groups in the market to further gather speculation in the fields of 'military industry' and 'infrastructure'!"

"Only after this check creates enough room for speculation, can sentiment in the two conceptual themes of 'military asset securitization' and 'reform and reorganization of central and state-owned enterprises' be further spread and fermented, stimulating potential off-market investor groups to gradually enter market, thus providing continuous incremental funds to the entire market.”

When Wang Can heard Su Yu's words, he nodded slightly, thought for a while, and then asked: "Then...Boss, do we need further guidance and stimulation for this stock's market?"

"But it's not necessary." Su Yu said, "The active capital groups in the current market are still very strong in the 'military industry' line, and haven't we said it before? Whether it is the depth of market sentiment or the market Changes in investment confidence take time to react, and stimulating market sentiment too extreme may not necessarily be a good thing."

"Mr. Su, 'Yinkou Port' is also open at the daily limit today." When Su Yu responded to Wang Can, in the trading room, Zhu Tianyang, who was also carefully observing the changes in the market prices of the two markets, also reported, "It seems... the market Funding groups from all walks of life are further focusing on the two main lines of 'military industry' and 'infrastructure', as well as the core conceptual themes of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' There are signs of sectoral convergence. For many popular stocks and weighted core stocks in these sectors, the active buying on the market is quite obvious."

"Well, indeed." Zhao Lijun also responded at this time, "the two main lines of 'military industry' and 'infrastructure', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' The core stocks in the fields of these core concepts cannot fall at all. As long as they fall a little, the takeover orders below will appear quickly. It always feels that as the overall investment sentiment and investment confidence of the market pick up, these main lines In this field, there is no room for the stock price to fall, and there is a high probability that it will continue to rise.”

"Although the two main lines of 'military industry' and 'infrastructure', as well as a number of concept stocks in the core concept areas of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road' and 'Reform and Reorganization of Central and State-owned Enterprises' The adjustment space for and core stocks is extremely limited, but the entire market, at this time... still does not have the motivation to continue to make strong breakthroughs and move upward." After hearing Zhao Lijun's words, Liu Yuan thought for a while and responded, "At the same time, the external market trend It should already be undergoing obvious adjustments in the short to medium term, and for the 'technological growth' line, after the investment logic collapses, it will probably continue to adjust sharply downwards in the short term, which will impose certain constraints on the market's upward breakthrough."

"In general……"

"Under this situation, the market should still focus on the two main lines of 'military industry' and 'infrastructure', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises'" In the field of major core concepts and themes, hot spots are rotating, and for the time being, we cannot get rid of the volatile pattern and trend."

"Of course, in the two main lines of 'military industry' and 'infrastructure', as well as the money-making effects of the core concepts of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' Under the influence, as long as the 'technology growth' line enters the end of the short-term adjustment and the index continues to break upward, the problem is not big."

"Agree!" Zhang Guobing nodded with a smile and continued, "The current market shape should have developed in accordance with our previous ideal expectations. Since the market has fully explored the two main lines of 'military industry' and 'infrastructure', as well as The market trends in the core concept areas of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', based on the market value of these major areas, as long as the expected logic does not If there are no extreme negative changes at the macro level, then the main trends in these major areas can fully support the upward breakthrough of the entire market."

"so……"

"Although the current market is affected by external trends and market sentiment has been temporarily suppressed to a certain extent, without fundamental changes in the overall mainline market and investment logic, the probability of our A shares gradually getting rid of the influence of external markets and independently strengthening is It’s still huge.”

"Originally, the trend pattern of the A-share market and the external market cannot be generalized." Zhao Lijun said, "If you ask me...our big A should have had an independent trend a long time ago."

During a brief discussion...

The market trading time has quickly reached 9:25.

After the overall collective bidding of the two cities, the Shanghai Index opened at 78 points, maintaining a flat opening trend, while the Shenzhen Stock Exchange Index and ChiNext Index opened with a drop of 19% and 33% respectively.

Among them, overall, nearly 2,000 stocks participating in transactions in the market still maintain a red and high opening trend of more than 1,100 stocks, and the two main lines of 'military industry' and 'infrastructure', as well as the 'Eurasian Economic Belt' and 'New Era' There is still no sign of any signs of decline in the hype and capital following the trend in the core concept areas of "Road, Maritime Silk Road" and "Reform and Reorganization of Central and State-owned Enterprises".

It can be said that instead of declining, it is getting worse.

Of course, affected by the sharp decline in many important global technology stocks in the peripheral market during the US stock market last night, today's core main line of 'tech growth' also showed a relatively weak trend at the opening. A number of popular concept stocks, as well as core weight stocks, basically opened lower. Among them, 'LeTV', a weight stock in the main line of 'technology growth', and the component weight stocks of the GEM Index, fell by the limit yesterday. , opened with a 7% drop today.

"Hey, I feel like the market is becoming more and more polarized!"

Seeing the opening of the two markets like this, some people among the large group of retail investors gathered on the online stock forum were filled with emotion.

"Under the market structure of stock game, the evolution of market conditions will naturally not take care of all stocks. It is normal for the market to rotate, right?"

"Norm is normal, but I feel that the main line market seems to be more and more concentrated in the direction of the Shanghai Stock Exchange Main Board."

"Indeed, I feel that the main line of 'technological growth', as well as the market era of the small and medium-sized board and the GEM, are clearly fading, and a number of core weight stocks and low-valued blue-chip stocks on the Shanghai Main Board seem to be on the market stage. , the trend is obviously stronger than the market.”

"In the second half of last year, the Shanghai Stock Exchange Index remained motionless, while the GEM Index doubled its index. This year... look at this situation, in the two main lines of 'military industry' and 'infrastructure', as well as the 'Eurasian Economic Belt', Assisted by the continuous market trends in the main areas of core concepts and themes such as 'New Era Road, Maritime Silk Road' and 'Reform and Reorganization of Central and State-owned Enterprises', the market will not be the opposite of the market in the second half of last year, right?"

"Don't tell me...it's really possible!"

"Actually, if we look at it carefully at present, the two main lines of 'military industry' and 'infrastructure', as well as the core concepts of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' In the field, the stocks with the best short-term gains and the strongest trends are still those popular core concept stocks in small and medium-sized caps, such as the previous 'Beixin Road and Bridge, Beijiang Communications Construction', and the recent 'Fushun Special Steel, Chengfei Technology, Bank Popular stocks such as "Port" and heavyweight stocks... Even the stocks with the strongest trends such as "Huaguo MCC, Huaguo Railway Construction, China Aviation Electronics, and Aviation Power", although the main funds involved are relatively large, in fact, the overall increase It’s not big, and the valuation is still very low.”

"Yes, even if 'Technology Growth' has undergone a major adjustment recently, overall, the gap between the valuations of heavyweight stocks in the main board direction and the valuations of growth stocks is still very large."

“The valuation systems and investment logic followed by the two are completely different and cannot be compared like this.”

"Although it cannot be compared like this, to be honest...the core stocks in the traditional fields on the main board have indeed been valued at ridiculously low levels after continuous bear market adjustments. Now there are the 'Eurasian Economic Belt' and 'New With the imaginative space of several core concepts such as "The Road of the Times, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', these weighted core stocks will have new stories and new room for growth to tell."

"And these new stories and growth space expectations are actually essentially the same as the investment logic of the 'technology growth' line. Not to mention the underweighted blue-chip and white horse stocks on these main boards, you have to enjoy following them. Is it appropriate that the same valuation treatment as the 'tech growth' stocks on the Small and Medium Enterprise Board and the Growth Enterprise Market should be returned to normal valuations, right?"

"And this gives these blue-chip and white-horse stocks on the main board a certain amount of room for 'value revaluation'!"

“I think what the market is currently speculating on is not so much the growth in demand in the two main industries of ‘military industry’ and ‘infrastructure’, the expectations of industry recovery, and the ‘Eurasian Economic Belt’, ‘New Era Road, Maritime Silk Road’, and ‘State-owned Enterprises’. The reform and reorganization of state-owned enterprises and these core concepts have fulfilled expectations. It would be more straightforward to say that they are speculating on market 'value revaluation' and 'value correction'."

"Hey, the logic of 'revaluation' and 'value revision'... can completely summarize the main reasons for the recent changes in the market!"

"If the market's blue chips and white horses really undergo value revaluation and value correction, then the two main lines of 'military industry' and 'infrastructure' at this time, as well as the 'Eurasian Economic Belt', 'New Era Road, and Maritime Silk Road' ', 'Reform and reorganization of central and state-owned enterprises', these core concepts and themes are probably just the beginning of the hype, and the market curtain of 'value revaluation' and 'value revision' has just begun, right?"

"If the market hype of the two main lines of 'military industry' and 'infrastructure', as well as the core concepts of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', can really set off a stir If the entire market weights blue-chip, white-horse stocks, and undergoes value revaluation and value correction, then I think... the real 'bull market' is not far away from us."

"Regardless of whether the 'bull market' is far away, at least the Shanghai Stock Exchange Index, and even the entire A-share market, can continue to maintain a strong state of shock and refuse to pull back even when the external market has been adjusting for several days. This should be something worthy of our attention. The signal is clear.”

"The market will always develop in the direction of least resistance with the combined efforts of funds."

"According to the current market performance and recent index trends, the Shanghai Stock Index refuses to pull back despite the negative pressure on and off the market. Then this is a sign of market strength. The so-called whether it should fall or not, then It should be about to continue to break through and skyrocket.”

"In short, at this time, it is correct to be bullish, and it is no longer appropriate to be bearish."

"What I didn't say is that adding positions is the only correct approach."

“It’s been a while since we’ve seen a four-border board changing hands, right? ‘Chengfei Technology’ can so easily take advantage of the height of the market, so what’s the reason not to go long?”

"Yes, go long and grab funds. It feels like the 'bull market' is right around the corner."

"Following Mr. Su's 'Wealth Road' to go long, the best time to make money trading in the second half of the year should be now."

"Big A will definitely be able to become stronger independently, there is no doubt about it!"

During the brief five-minute suspension of trading, as the discussion topics on the online stock forum were refreshed rapidly, the views and opinions of retail investors on the market began to gradually get rid of the worries before the market began to change. We are becoming more and more optimistic, and at the same time our confidence in the market outlook is getting stronger and stronger.

Then, under this emotional shift and brewing.

At 9:30, the two cities ushered in the official continuous bidding transaction.

I saw that as soon as the market opened, under the surge of positive speculation, the two main lines of 'military industry' and 'infrastructure', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' Related concept sectors and industry sectors in these core conceptual subject areas, as well as a number of core stocks and popular stocks, have quickly received a large amount of active funds, and the corresponding markets have rapidly strengthened.

At the same time, it benefited from the two main lines of 'military industry' and 'infrastructure', as well as the strengthening of the core concept areas of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' , the Shanghai Stock Exchange Index also rose rapidly, striking upward at 2405 points.

Then, at 9:31.

The index increases of popular mainline industry sectors such as port shipping, machinery and equipment, construction decoration, building materials, national defense and military industry, real estate development, etc. all exceeded 5%, ranking among the top industry sector growth lists in the two cities, and the two cities have attracted much attention. Among the top ten popular concept stocks, in addition to the stock 'LeTV', other popular concept stocks in the core main line fields have also all achieved a red market and upward trend.

Subsequently, at 9:35, when the Shanghai Index continued to rise to the 2410 point mark, and once again set a new rebound high and a new intraday high of 78 points, the weak Shenzhen Index and the ChiNext Index also turned red from underwater.

Everyone had lowered their expectations and felt that the main line of "technological growth" would continue to be adjusted today.

At this time, as 'LeTV' continued to be attacked by a large number of bargain-hunting funds, and the market decline rapidly narrowed, many core stocks in the main line of 'tech growth' also began to usher in an 'oversold rebound' trend.