Rebirth of the investment era

Chapter 676 The improvement of market investment risk preference!

"The market turnover is more than 660 billion!"

During the brief review time after the market closed, at this moment, in the main fund trading room of Yuhang and Yuhang Investment Company, Wang Can stared at the already fixed trading tables of the two cities, with obvious surprise on his face: "Compared with yesterday, Volume has increased again. The turnover in these two cities has increased rapidly. [Read the novel with the correct chapters, search on google]"

"Such a drastic increase in market turnover... proves that the financial groups outside the market are still accelerating their entry into the market!" Zhao Lijun next to Wang Can said with a smile, "This should be a good thing."

"I'm afraid that it's not just the incremental capital groups on the off-site that are causing the continued surge in market turnover." Zhu Tianyang took over and said, "I feel that the increasing financing leverage funds from the on-site capital groups are also at play. Everyone should note that in When the transaction volume of the two cities continues to skyrocket, the financing balance also continues to skyrocket."

"Well, indeed." Liu Yuan pondered for a moment and replied with a smile, "Under the influence of the continued popularity of the market's money-making effect, the investment risk preference of the market investor group is also obviously in a continuous upward trend. The current market increment The capital component, leveraged capital, obviously also accounts for a large part.”

"We should soon see the market's margin balance exceed one trillion yuan!" Zhang Guobing smiled at this time and said with a smile.

Wang Can thought for a while and responded: "With the simultaneous sharp increase in leveraged funds and over-the-counter incremental funds, will this bring greater risks to the market? After all, the investment error tolerance rate of leveraged funds is very low. Once If the market encounters a turmoil, leveraged funds should cause great shocks and fluctuations in the market, right?"

"For the time being, it won't happen." Su Yu heard the discussion. At this time, he took over and said, "Generally speaking, the overall leverage ratio of the market at this time is still very low, and the future expectations of major industries, The fundamental situation is also continuing to improve. The valuation system of the entire market is in a gradually rising trend. The market valuation bubble is not big, and there are still countless financial groups who want to take over at low levels.

In this situation……

Appropriate leveraged capital participation will actually help the market situation further ferment in the future.

For the time being, not only does it not pose a greater risk to the market trend, but it is obviously intentional for the market trend. You don't need to pay too much attention to this leverage issue. "

"Yes, it is meaningless to talk about leverage ratio regardless of the valuation level of the market itself." Li Meng glanced at everyone and said with a smile, "Although the scale of the balance of financing and financing in the market is not low now, it is also Yes, the overall market capitalization and stock capacity of the market are much larger than a few years ago.

Moreover, whether it is based on future expectations, fundamentals, or performance expectations.

Several main lines at the core of the current market.

'Big Finance', 'Infrastructure', 'Big Consumption', 'Nonferrous Cycle', 'Petrochemicals', 'Power Equipment'...the valuation levels of a number of core stocks and popular stocks in these main areas are very low. Basically, there is no valuation bubble.

At this position, there was a sudden heavy negative attack.

With the current market leverage ratio, a large number of capital groups who are willing to take on the low-level investment are fully able to do so, and the index will not fall back into a bear market at all.

So, for the time being, there is no need to worry at all.

The overall market risk is controllable, and the trend of the core main lines is still within our expectations and guidance. "

"Well, the strength of the 'big finance' line today is indeed increasing." After hearing the analysis of Su Yu and Li Meng, Wang Can thought for a while and nodded, "According to the trend of the main line of 'big finance' Strength, this major main line will definitely continue to be short squeezed in the future, driving the index to rise.

but……"

Wang Can paused and then said: "The two main early stages of 'infrastructure' and 'military industry' are still losing blood. It feels like they will continue to suppress the upward trend of the index to a certain extent.

Moreover, boss..."

As he spoke, he turned his eyes to Su Yu and continued: "We will use the remaining funds to adjust the position of the two main lines of 'infrastructure' and 'military industry', and then go back to buy these two main lines, with a preference for 'high-speed rail' , 'Machinery Equipment' industry, and stocks that combine the two major conceptual themes of 'New Era Road, Maritime Silk Road' and 'Reform and Reorganization of Central and State-owned Enterprises' that have been speculated in the early stage, are they a bit... too radical? Huh? How do I feel that the two main lines of 'infrastructure' and 'military industry' have not yet been adjusted in place and will continue to fall?"

"When we make transactions and formulate investment strategies, we don't rely on feelings!" Su Yu smiled and said, "First of all, we must consider the direction and stock we plan to invest in, its fundamental expectations, future performance expectations, and other benefits. Has the expected logic really changed?

As long as these expected logics remain unchanged and continue to strengthen.

Then, the stock price will not fall much.

Furthermore, when we trade, our vision cannot be limited to one sector or one stock. We must also consider the overall market trend and expectations.

Don’t forget, when the Shanghai Stock Index completely crosses the 3,000-point mark.

The entire market investor group, both on and off the market, has shifted its overall expectations for the market from previous doubts and doubts to firm 'bull market' expectations.

In anticipation of a ‘bull market’.

Whether it is the market's valuation system or the amount of active funds on the market, they are all continuing to rise.

Even though the two main lines of 'infrastructure' and 'military industry' have been over-emotional in the early stage of continuous speculation, and after the main line of 'big finance' has continued to make money, the active main financial groups in the market, as well as those in 'infrastructure' ', 'Military Industry', the main line field, the main capital groups that make large-scale profits, have obvious signs of taking profits, and the 'Big Finance' field has obvious signs of siphoning funds from the entire market.

However, as there are more and more incremental capital groups in the entire market, liquidity is becoming more and more abundant.

Even the main line of ‘big finance’ cannot handle so much market volume.

And this means that as the market's "bull market" expectations become stronger and stronger, the overall liquidity of the entire "big financial" main line will inevitably be excessive.

And excess liquidity will inevitably flow into other core main lines.

In the past few days, the main line of ‘technological growth’ has continued to rebound strongly. Isn’t this the same logic?

Also, we chose to use the remaining liquidity during the adjustment stage of the main lines of 'infrastructure' and 'military industry' to go back and continue to buy chips in these two main lines. Isn't it because the position on the main line of 'big finance' has no more room to increase? ?

Think about it, there are definitely not a few major institutions in similar situations to us.

With the further increase in market transaction volume and the continuous surge in the balance of margin financing and financing, as market liquidity becomes more and more abundant and there are more and more active capital flows on the market, there is a main line of strong expectations for the future, even if it may If you continue to adjust, the decline will not be very deep.

It’s the right time for us to make plans at this time!

After all, with the amount of funds our institution has, it would be too late to enter the market when the wind really blows. "

"Okay, boss, I understand!" Wang Can nodded seriously after hearing Su Yu's analysis.

The other core traders in the trading room, as well as the trading team leaders and fund managers, all responded and deeply agreed with the market investment logic mentioned by Su Yu.

Along with the traders in the entire trading room, they reviewed the two markets.

Market news is also constantly being refreshed.

First, the balance of financing and financing was announced again after the market closed. As the market turnover continued to surge, the financing balance also continued to skyrocket today, climbing to around 987 billion, which is getting closer and closer to the trillion mark. .

Then the dragon and tiger lists of the two cities were announced.

According to the data released on the dragon and tiger rankings of the two cities.

I saw that there are 7 more stocks on the list than yesterday. Among the stocks on the list, core concept stocks and concept leading stocks in the main line of 'big finance' still occupy more than 10 places, and are among the top stocks in various fields. In the trading seats disclosed by the stocks on the list.

Regardless of whether it is institutional seats or hot money seats, the overall situation shows a net buying trend.

This proves that as the index fluctuates upward, the most active main capital group on the market is still in the attitude of continuing to increase positions, and the main sellers are still a large number of retail investors who have been deposited in history.

Among them, two checks, ‘Western Securities’ and ‘Flush’, were on the list one after another.

And based on the data of the Dragon and Tiger List disclosed by the two checks.

Su Yu’s ‘Fortune Road’ seat, as everyone knows, and its associated institutional seats are still locked, with no shares sold.

At the same time, ‘Western Securities’ is a highly leading stock in the securities sector.

To buy a seat, the sales department seat of ‘Tianhe East Road, Guangdong Province’ appeared today.

This shows that the top hot money players in the market still maintain a very positive and optimistic attitude towards this check and continue to make strong relays.

Another stock that has attracted a lot of attention in the market, "Blue Stone Heavy Equipment", set an intraday high of 25 consecutive stocks in the early stage.

Today it still closed at the lower limit.

According to the data of the Dragon and Tiger List disclosed by it, it can be seen that the ‘Rongcheng Gang’ that intervened earlier has been completely eliminated today, and the hot money it has taken over has also shown a clear net selling status.

Except for the new stock ‘Blue Stone Heavy Equipment’.

There is another ‘new stock’ on the list today that has also attracted a lot of investor attention.

That is to say, Huake Shuguang, which was newly listed and hit the "Ten consecutive board" today, also appeared on the Dragon and Tiger list today, and according to the data of the Dragon and Tiger list disclosed by it.

As you can see, the total turnover of this check today is less than 5 million.

One seat was purchased by an institution, and the institution purchased a net purchase of 4.2 million. For the other four seats, a total of only about 800,000 was purchased.

"When did institutions start grabbing bargaining chips for new stocks?"

After seeing the Dragon and Tiger List data disclosed by 'Huake Dawn', countless investors in the entire market, including the main hot money groups, were a little shocked. Among them, there were even large investors in the Yuhang main hot money group where Su Yu was located. You Zi showed an obviously surprised look and couldn't help but sigh.

“It’s hard to understand, but as soon as the ‘Huake Dawn’ list came out, I felt like this check was going to go crazy!”

"The recent new stocks discovered earlier, except for the check of 'Blue Stone Heavy Equipment', generally have a board height between 10 and 12 boards. Now that the institutions are stimulating, the check of 'Huake Shuguang' is very likely to be directly If you hit the space height of 15 boards, maybe, if the space height of the 'Blue Stone Heavy Equipment' is still there, it is not certain that you will become the second 'Blue Stone Heavy Equipment'."

"At least today's move by institutions to raise new stocks shows that there are still opportunities in the direction of 'sub-new stocks'."

"I agree, the 'sub-new stocks' sector should not die so easily."

"The 'sub-new stocks' sector is also the easiest to condense money-making effects and emotions. It is definitely not that easy to die."

"Tomorrow's check for 'Blue Stone Heavy Equipment' will most likely rebound strongly, right?"

"There is basically no suspense about the big rebound of 'Blue Stone Reload' tomorrow, but it is still impossible to turn around and continue to hit new highs."

"That's naturally impossible. The 'sky-bottom' trend of this check in the early period is really hurtful."

"The highlight on today's Dragon and Tiger list is not just the stock 'Huake Shuguang'. The lists of 'Western Securities' and 'Flush' are both very good. And overall, institutions or well-known hot money seats can be It is still showing a net buying trend, and I feel that the market trend is really strong, and it is far from the time for real adjustment.”

"It's obviously not time for adjustment. As expected, the market will open higher tomorrow."

"Stocks that hit the daily limit will have a good premium the next day."

"In general, there are still many market opportunities, and we can undertake them with confidence and boldness."

"Today, Mr. Su's seats related to 'Fortune Road' and Leader Zhang's seats still maintain a good lock-up situation."

"In a word, the market shape has not changed, just continue to be long."

"Agree, keep going long!"

With the continuous refreshing of messages in the group, and intense discussions among everyone.

over time.

In the evening, in terms of market news, the work topic of "boosting the activity of the capital market and enhancing the role of the capital market in promoting the macro-economy" once again appeared on the 7:30 pm news broadcast, and this was also the news broadcast this year. , mentioned the topic of 'boosting the capital market' for the sixth time.

And besides the discussion on this work topic.

The news that the CSI 300 Index futures and the China Securities Exchange 500 Index futures will be officially launched next Monday, November 10, is also a hot topic area that quickly floods the major stock discussion platforms.

The investment sentiment and investment confidence in the market itself are very hot.

Any good market news will be amplified by this kind of sentiment and confidence.

What's more, in addition to these two pieces of good news, the trend of the external market in the evening also continued to advance rapidly. Several major U.S. stock indexes, despite the previous surge, continued their surge and closed at new rebound highs.

In this way, under the dual stimulation of good news in the evening and good external market trends.

The next day, Friday, November 7th.

The market has not yet officially opened. The market sentiment before the morning opening, as well as the hot topic areas on major stock discussion platforms, the mood of the majority of retail investors is already high and excited, and the thoughts in their minds are already high. They all went straight to the daily limit.