Rebirth of the investment era

"Yes!" Yu Lei nodded slightly, "If we want to adjust positions and follow the idea of ​​'switching high and low' in the market, the main line of 'big finance' is obviously more suitable."

Liu Guanhai responded: "But the current market expectations for the 'big finance' line are very poor, and in the past two days, there have been quite a few capital groups trapped in the 'big finance' line. In the entire market, Which main line field has the heaviest holdup, it should be the main line field of 'big finance'.

Moreover, this area is the key layout of the 'national team' and an area where it is absolutely heavily invested.

Also, the volume of this main line field is very huge. The banking, securities and insurance sectors are basically worth trillions.

Last year, and even the first half of this year.

The entire domestic banking sector also experienced two money shortages.

This proves that the monetary liquidity in the domestic financial sector is not as abundant as everyone expected.

Without sufficient currency liquidity, it would be very difficult to really leverage the main line of 'big finance'. Many major financial groups in the market have not tried to pull the main line of 'big finance' before. board, but every time it ended in failure.

Now, the overall market expectations.

Whether it is retail investors or major financial groups.

Basically, when I see the main line of 'Big Finance' pull up, I don't want to follow the trend and take long positions, but to quickly hit the market to take profits. After all, everyone knows how to pull the 'Big Finance' line after it pulls up. What goes up will fall down. "

Yu Lei responded with a smile: "What Mr. Liu said are indeed some shortcomings in the current main line of 'big finance', but this is also the source of the huge gap in expectations in this line of 'big finance'.

We cannot only see the disadvantages without seeing the benefits.

Compare the negative impact of these ‘big financial’ fields that Mr. Liu just mentioned.

In fact, the positive impact of the main line of 'big finance' is even more prominent.

First of all, at the macro level, the current regulatory authorities very much hope to stimulate a comprehensive bull market, and they can’t wait to have an ‘artificial bull market’.

Such regulatory trends.

It is destined that the 'national team', which has a heavy position in the main line of 'big finance', will never reduce its position, let alone make rival offers to dampen market enthusiasm when funds are pulled. After all, from a macro perspective, the 'national team' The team's first goal when entering the market is not to make money, but to stabilize the market and to fulfill some policy needs of the regulators in policy implementation so that the policy can be implemented.

In other words, the current status of the ‘national team’’s heavy position in the main field of ‘big finance’.

At present, for the outbreak of the main line of 'big finance', not only will it not be a resistance, but it will also be a help. After all, the 'national team' has locked in too many chips of the main line of 'big finance', which has reduced the main line of 'big finance' in disguise. The number of circulating plates in this area.

Secondly, it was affected by the sluggish performance of the main line of "big finance" in the previous few years.

The holdup in this area is indeed very heavy.

However, in the rebound of the market for one consecutive quarter, the chips in the corresponding bottom range have actually been loosened. Many investors who were relatively shallow in the main line of 'big finance' have mostly stopped their losses and poured in. 'Infrastructure' and 'military industry' are popular main areas.

Therefore, from the current stage, the "big financial" line, at least within the overall upward range of 20%, does not have much pressure.

This is an advantage in the chip structure.

Then, the direct benefits in all aspects...

The market transaction volume reached 500 billion per day, and the balance of financing and financing remained stable at 800 billion, or even above 850 billion.

This should be a substantial benefit for securities firms, right?

If nothing else, in the third quarter report, the performance of major domestic securities firms should see a blowout.

Moreover, in addition to the market's response to changes in volume and energy, the Shanghai-Hong Kong Stock Connect will also be officially launched in November, as well as the listing of A50 and China Securities 500 Index futures, which should further stimulate the market and bring more interest to the market. Incremental funding, and higher volume performance.

As long as there is volume in the market, securities companies are the group that directly benefits.

Also, thanks to the explosion of major core market conditions such as ‘infrastructure’ and ‘military industry’ in recent months.

Asset management institutions such as insurance and banks should also make a lot of profits.

This should also have a more obvious driving effect on the performance of the insurance and banking industries. Although the benefits of these institutions are not as obvious as those of securities companies, such market changes are still good after all.

Of course, the most important thing.

This is also the fundamental reason why I believe that "big finance" is bound to explode in the future, and the market will most likely be stronger than the main market trends such as "infrastructure" and "military industry" in the future.

Or I think the monetary policy on the macro level may take a big turn.

The Fed's current interest rate hike process has been clearly postponed, and major central banks around the world have also breathed a sigh of relief.

Our domestic interest rates are actually relatively high compared to those around the world. Coupled with the decline in the domestic inflation rate, the banking industry's currency demand, the pressure of economic recovery, and the large-scale explosion of investment demand under the 'big infrastructure' strategy , and massive monetary demand.

Under the current circumstances, domestic central bank institutions should no longer tighten monetary policy.

There is a high probability that monetary policy will be further loosened, monetary liquidity in the market will be increased, and interest rates and reserve requirement ratios will be cut. It is also expected that the central bank's monetary policy shift will be sustainable, and the interest rate cut channel may be opened.

As long as the interest rate cut channel is open.

Then, in the current market, liquidity will become very abundant.

With sufficient liquidity, the line of 'big finance' will no longer be in the dilemma of being too big to raise funds. Moreover, once the monetary policy turns, it will also be a problem for institutions such as 'brokerages, insurance companies, and banks'. A direct benefit!

Generally speaking, these factors influence.

I believe that the line of "big finance" is fully capable of strong market explosive power, and it also has positive expectations and rigid investment logic that will continue to explode. "

After listening to Yu Lei's analysis, Liu Guanhai's eyes became more and more intense, and he couldn't help but feel excited in his heart. He laughed and said: "Xiao Yu, your analysis is really awesome. After what you said, the investment logic of the main line of 'big finance' could not be clearer.

Indeed, compared with the current factors that restrict the development of the market in the 'big finance' line.

The benefits you mentioned are real.

Okay, okay...just adjust positions according to the strategic direction you analyzed. "

"Actually, you just missed one thing." Liu Guanhai thought for a moment and added, "The 'big finance' line and the current market valuation are the areas in the market where valuations are most severely suppressed. Even if After we move the position into the 'Big Finance' line.

The switching direction of the main line market has not moved in the direction of the "big finance" line.

In the end, there was no consistent expected effect and market explosion effect in the direction of 'big finance'.

Then, we should not be able to lose much money, and the fund's net value retracement should not be large under such valuation conditions that have been suppressed to the limit.

In general, the line of ‘big finance’.

Supported by the positive logic you mentioned, the profit-loss ratio and investment performance-to-price ratio are indeed very high.

It’s no wonder that in the past month, the main funds of all parties in the market have diverged so much in the main investment direction of the market, and have not been able to achieve consistent expected effects.

After careful analysis, there are indeed certain expectations for each main line.

It has corresponding market explosive potential! "

"I did miss one." Yu Lei smiled, and with Liu Guanhai's approval, he quickly turned around and ordered the traders in the trading room to start executing the trading strategy of reducing positions and taking profits.

As the two continued to discuss.

At this time, the market trading time has come to close to 2 o'clock.

On the market quotations of the two cities, a number of popular main lines such as 'infrastructure' and 'military industry' are heavily weighted in the 'Yuhang Group' such as 'Hua MCC, China Airlines Optoelectronics, Huaguo Communications Construction, China Airlines Shenfei, Aircraft Power...' The stock continued to increase in volume and fluctuated downwards, and even became weaker and weaker during the downward trend.

More and more funds are worried that the "Yu Hang Group" is destroying the market to stop profits.

As a result, they have reduced their positions from main lines such as "infrastructure" and "military industry" and poured into low-level main lines.

At the same time, the main line of 'technological growth' stimulated by the main line of 'sports industry development' concept, corresponding concept stocks, such as 'film and television media', 'domestic software', 'Apple concept', 'mobile payment', 'mobile games'... A number of concept sectors have further accelerated their rise, with more and more main funds flowing in.

And the entire concept of ‘sports industry development’ is the main line area.

Such as Annie Shares, Snowman Shares, Pathfinder, Rhine Sports, Xinlong Health, Qujiang Cultural Tourism, Leiman Optoelectronics; China Fortune Land Development, Kewan Real Estate, Guangdong Media, Yuanji Technology, Huace Film and Television, etc. , during this time period, they also received further attention from major funds.

At least 5 stocks have sealed their daily limits, showing extremely strong intraday profit-making effects.

"Hey, boss, this market trend... is a bit beyond our expectations!"

At 2 o'clock in the afternoon, the main line of 'Technology Growth' replaced the popular main lines of the market such as 'Infrastructure' and 'Military Industry', and achieved a hot profit-making effect during the day. At the same time, the Shenzhen Stock Exchange Index and the ChiNext Index all turned red and rose sharply, while the Shanghai Stock Exchange Index fell rapidly, with a decline of Expanded, when the Shenzhen stock market and the Shanghai stock market once again experienced an extreme scissor trend, in the Magic City, inside Zexi Investment Company, in the main fund trading room, Zhou Kan stared at the market, frowned slightly, and turned to Xu with concern. Detailed, he said: "Why do you feel that the direction of 'high-low switching' has directly shifted to the line of 'technological growth'? Why is there still no movement in the line of 'big finance'?"

Through the popular main lines of the market such as ‘infrastructure’ and ‘military industry’, it is obvious that the trend of ‘false breakthrough’ is reflected.

In the current market, many investors have realized that it is extremely difficult for them to create upward space and lead the Shanghai Stock Index to the 3,000-point mark, as they are aware of the popular main lines of ‘infrastructure’ and ‘military industry’.

Therefore, follow the idea of ​​"high and low switching" when adjusting funds.

At this moment, there are more and more.

Under such circumstances, there has been little movement in ‘big finance’.

Zhou Kan was thinking, if we don't pull the market at this time and compete for the main liquidity of the market, when the expectations of the 'technological growth' line become stronger and stronger, and a sustained money-making effect is achieved, then...'Big If we think about the trend of the financial line again, I am afraid it will be difficult to quickly gather emotions and funds to work together.

"Be patient." Xu Xiang didn't show much surprise at the market trends of the two cities at this time, and said with a smile, "A single piece of marginally good news about 'sports industry development' cannot move the entire 'technological growth' As for the main line market, if nothing unexpected happens, in the late trading stage, many funds with cost advantages that were previously lurking in the main line of 'technological growth' should be smashed."

Following his words...

Sure enough, when the time entered after 2:15.

Faced with the continued decline of the Shanghai Stock Exchange Index, the overall money-making effect of the market is getting weaker and weaker, and the overall investment sentiment and hype sentiment are getting weaker and weaker.

I am worried that the main line stocks of ‘technological growth’ that rebounded greatly today will follow the market tomorrow to make up for the decline in many internal lurking funds.

At this moment, start taking profits.

And as these short-term funds rush to take profits.

A number of stocks in the field of "technological growth" that have had a hot money-making effect during the day have experienced a surge in market pressure, and their stock prices may be stagnant due to heavy volume, or may fluctuate and fall back.

At the same time, the decline in sentiment in the entire market has also inhibited the enthusiasm of short-term funds to undertake intraday highs.

leading to the late stage.

The market's time-sharing energy began to decline sharply compared to the morning, and the overall pattern of shrinking and oscillating decline appeared.

Finally, when 3 o'clock in the afternoon came, the two markets ushered in the closing moment.

The Shanghai Stock Exchange Index finally closed down 12%, swallowing up yesterday's gains, while the Shenzhen Stock Exchange Index and ChiNext Index fell back from their intraday highs to their opening levels, closing in on two tombstone cross lines with shadows.

As for the main line of 'technological growth', which once had a hot money-making effect during the session.

A number of related concept sectors and corresponding concept stocks ended up in a barely red market situation of rising high and falling back. They were not able to complete the 'high-low switching' market trend that many investors expected, and were unable to take on the ' The main funds flowing out of popular main lines such as infrastructure and military industry have completed the switch of the main line market.

At noon, macro policy news provided positive stimulus.

At the opening of the market in the afternoon, the main line of the concept of 'sports industry development', which was enthusiastically pursued by the majority of major financial groups both inside and outside the market, maintained an exciting and upward explosive form. There was a daily limit wave within the sector, such as Annie Shares, Snowman Shares, Pathfinder, Rheinland Sports , Xinlong Health, Qujiang Cultural Tourism, Leiman Optoelectronics... all the stocks rose by more than 5%, and more than 5 of them sealed their daily limits.

Of course, in addition to the main line of the concept of ‘sports industry development’ that is performing very well.

It still maintains its hot money-making effect during the day.

There is also the 'sub-new stocks' sector, which was driven by the daily limit of the 20th board of the 'Bluestone Heavy Equipment' check in the early trading stage, setting off a rising limit wave.

Today's new stock sector continued yesterday's strong attitude.

Its sector index closed sharply higher with an increase of nearly 5%. Within the sector, 10 stocks still exceeded the daily limit.

In other words, many short-term capital groups with strategies in the main fields such as 'infrastructure' and 'military industry' did not enter the field of 'technological growth'. Instead, they poured into the 'sub-new stock' sector on a large scale to avoid risks and further speculate. These newly listed stocks have relatively clean chips, and there are not many locked-up stocks.