Rebirth of the investment era

"Is this the end of the adjustment?"

Seeing that the Shanghai Stock Exchange Index set a new intraday high, and at the same time the weak Shenzhen Stock Exchange Index and ChiNext Index also turned red, both the "Technology Growth" main line and "LeTV" have formed a relatively sharp trend under the influence of a large amount of bargain-hunting funds. The rebound trend, at 9:40, inside Yuhang and Jingda Investment, in the main fund trading room, the company’s general manager Gu Chijiang stared closely at the changes in the market prices of the two markets, feeling a little shocked in his heart: “It doesn’t make sense, the market is like this Adjusting space and time is obviously insufficient, so why do you continue to make breakthroughs?"

"Only 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', are refusing to adjust." Standing next to Gu Chijiang, Lin Tingzong, who was also staring at the two markets on the big screen in the trading room, responded, "The main lines of other traditional fields, as well as the main line of 'technological growth', are actually still in the adjustment stage."

"but……"

Lin Tingzong paused, thought for a while and continued: "Market funds are further directed towards the two main lines of 'military industry' and 'infrastructure', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', 'central enterprises and state-owned enterprises'" There are traces of the accumulation of these core concept themes such as "reform and restructuring", and many stocks in these main areas feel that they are a bit unable to suppress the trend due to the concentration of too much funds."

"However, at this time in the market, the main line of 'technological growth' has not yet completely stabilized. Among other traditional main line stocks, it has not yet been replaced by the two main lines of 'military industry' and 'infrastructure', as well as the 'Eurasian Economic Belt' , 'New Era Road, Maritime Silk Road', and 'Reform and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', these core concepts have further aroused speculation and future expectations."

"The driving force for the major market indexes to continue their upward breakthroughs is still lacking."

"I estimate that in the past few trading days, the market will still maintain 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'" 'These core concept subject areas are the main market manifestations of volatile trends, and at the same time, the index will probably continue to fluctuate around the 2400 point, waiting for the real reversal of market volume."

"It's just in this overall volatile market pattern."

"The two main lines of 'military industry' and 'infrastructure', as well as a number of heavyweight 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', I am afraid that popular concept stocks will continue to rise slowly along the upward trend and refuse to adjust."

"After all, there are more and more funds in the market that are optimistic about the market conditions of these major main areas."

“And most of these funds have not yet entered the market.”

"This has resulted in these major main lines. At the current position, the upward momentum is very strong, while the downward adjustment space is basically blocked by various funds."

In fact, according to the actual trend of the market, this is indeed the case.

In recent trading days, there have been two main lines of 'military industry' and 'infrastructure', as well as several core concepts such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' The main line market is in full swing. As long as the corresponding core stocks and popular concept stocks fall, the buying volume will increase, which in turn will quickly pull the stocks up.

"Therefore, we are promoting the two main lines of 'military industry' and 'infrastructure', as well as the core concept areas of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises'" You can't hesitate when it comes to building a position, right?" Gu Chijiang looked back at Lin Tingzong and said, "Old Lin, have you ever felt that the resilience of our big A's trend is getting stronger and stronger?"

Lin Tingzong nodded and responded: "Since the two main lines of 'military industry' and 'infrastructure', as well as the core areas of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' The main line of conceptual themes refuses to be adjusted, and the corresponding main line is still expected to expand. There is no room for downward adjustment. So there is no way. We can only speed up the opening of positions and cannot take into account issues such as the cost of opening positions. After all, according to this kind of market The more you hesitate about the trend, the higher the cost of opening a position will be."

"As for our Big A's recent market trend, it is becoming more and more resilient..."

Lin Tingzong pondered for a moment and then continued to respond: "That's true. I feel that A-shares are indeed somewhat free from the influence of external trends and have the will and form to strengthen independently."

"Compared with the previous common market characteristics of A-shares following the decline but not the rise, what do you think is the fundamental reason for the recent changes in the market?" Gu Chijiang asked, "Is it from the strong positive stimulus from macro policies, or is it the large capital In terms of maintenance, we can say that there are two main lines of 'military industry' and 'infrastructure', as well as the main lines of core concepts such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' The future expectations have been inflated, which has brought good future expectations to the entire market, so the form of smuggling has completely changed?"

Lin Tingzong thought for a while and said: "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'" The main line's future expectations have been inflated, which has brought good future expectations to the market, causing market investment sentiment and risk appetite to rise significantly. There must be a reason for this."

"However, just a short-term change in expectations should not be able to support the market."

"After all, the most fundamental thing about the stock price and the short-term market trend is funds. Only the concerted efforts of funds can form this so-called market resilience."

"That is to say...the fundamental reason is still the current financial situation of the market. Compared with before, there have been obvious changes."

"There has been an obvious change in the financial situation?" When Gu Chijiang heard Lin Tingzong's words, his eyes became gradually excited and he smiled and said, "Old Lin, please continue talking."

Lin Tingzong nodded and then continued: "Since the Shanghai Stock Exchange Index broke through 2,300 points, in fact, although the index has not increased much, the overall market's intrinsic money-making effect has continued to expand. As the market's money-making effect continues to expand, As well as the two main lines of 'military industry' and 'infrastructure', as well as the hype gathered 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', In fact...a large number of potential investors outside the market are continuing to enter the market and do long positions."

"It's just that the market did not break through strongly and did not stimulate more changes of hands."

"In addition, since the market actually broke through from 2300 points, the trading time has not been very long, and the incremental funds entering have not changed qualitatively due to quantitative changes. Our perception is not obvious and clear, but this cannot change the market increment. The fact is that funding continues to increase.”

"But even if you can't clearly perceive it, you can still find the corresponding traces if you look carefully."

"For example, in the A-share market we just mentioned, as the external market continues to adjust, the trend has become more resilient, and many core stocks are easy to rise but difficult to fall. These are some signs of the continued admission of incremental funds."

"It has been said before that the market will fall in the long run, but that was only in the context of the stock game."

"Now that the market has gradually begun to enter the incremental era, the market investment logic and trading rules followed will also need to be adjusted accordingly."

"Incremental era." Gu Chijiang pondered for a moment and replied, "If this trend of increasing funds can be further expanded, then the market...will there be a basis for a 'bull market'?"

Lin Tingzong responded: "Theoretically, this is certainly the case, but whether the basic logic of the 'bull market' and the market's general expectations for the 'bull market' can be realized, and whether the market can ultimately invest funds under such 'bull market' expectations, , forming a concerted force in the market, and ultimately driving the market up, we need to observe it carefully for a while before we can confirm it.”

"Understood!" Gu Chijiang nodded, "The corresponding foundation and logic of the 'bull market' are constantly brewing and developing. However, the current shape of the real 'bull market' is not yet clear, so we need to continue to wait. Only then can we see whether there are any expectations in this regard.”

Lin Tingzong nodded and said, "Yes, that's it."

"But... regardless of whether the current market shows signs of a future 'bull market', and regardless of whether the overall market expectations will change in the direction of a 'bull market', we rely on the two main lines of 'military industry' and 'infrastructure', and There is nothing wrong with investing in the core conceptual themes of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises'."

"After all, everyone can feel the bull market only after the market comes out."

"Before the market and indexes improve, our investment expectations and investment strategies can only follow the core main lines of the market."

Gu Chijiang nodded slightly and responded: "That's true. The financial trading market is changing rapidly. It seems that it is not necessary to think too far. Okay... In this case, let's continue to increase our positions and go long, regardless of whether there is any In the 'bull market', first get the main chips that are the most core and most profitable in the current market."

Lin Tingzong quite agrees with this.

Therefore, now that the development logic of the market and the direction of the investment strategy have been clarified, I will not say more and continue to tell the traders not to pay too much attention to the cost issue when entering the market, and to place orders and increase positions as soon as possible. The expected position and target stock chips are fully filled.

And with the rapid increase in positions of the institution "Jingda Investment".

In the market, the overall market situation is still moving towards 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' The field has shifted. At the same time, other traditional main line areas are also occasionally taken care of by main funds. There is also the main line of 'technological growth'. The trend of oversold rebound is also relatively good.

Overall……

Even though the overall increase in the major market indexes is not large, the money-making effect of the market is still in a relatively strong atmosphere.

"Well, the performance of the main funds in 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', There has been a substantial net inflow, however..."

At 10:15 a.m., when all the major market indexes had turned red, and nearly 1,400 of the nearly 2,000 stocks in the entire market had risen in the red, the main fund trading room of Zexi Investment Company in Shanghai, Shanghai, Kan stared at the market and said in surprise: "However, 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' Several core concepts and themes have not created a certain fund siphoning effect on other main concepts and the line of 'technological growth' in the entire market today. This... is really strange. Logically, the market situation should not behave like this. The form is right.”

"It's not surprising." Xu Xiang chuckled next to Zhou Kan, "This shows that the two main lines of 'military industry' and 'infrastructure', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'State-owned Enterprises The incremental funds received in these core conceptual areas such as the reform and reorganization of state-owned enterprises are not entirely from other traditional main areas and the main area of ​​'technological growth', but a considerable part of the off-market growth. Quantitative funds play a role in it.”

"It's also precisely because a lot of off-site funds have entered the market to undertake it."

"Therefore, the market trends continue to be interpreted in 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'" Under such circumstances, other traditional main line areas and the main line of 'technological growth' did not produce obvious siphoning effects."

"This is a good thing!"

Xu Xiang paused, his eyes gradually became sharper, and continued: "This shows that the market has gradually got rid of the financial dilemma of 'stock game'. It also shows that in the two main lines of 'military industry' and 'infrastructure', and' Under the continuous profit-making effect of these core concepts and themes, such as the Eurasian Economic Belt, the New Era Road, the Maritime Silk Road, and the reform and reorganization of central and state-owned enterprises, the potential investor groups outside the market are already accelerating their entry. It’s time.”