The investment era of rebirth

Chapter 434 Good news!

In the evening, following the release of the Dragon and Tiger ranking data, U.S. stocks opened sharply lower, dealing another fatal blow to the already fragile market.

The majority of investors in the current market, after a brief review, look at it, no matter the news, sentiment, capital... it is all negative.

Fortunately, this time, the regulatory authorities finally no longer remained indifferent in the face of the market's continuous unilateral plunge.

On the next morning, May 22, before the market opened on Thursday, some news about the Shanghai-Hong Kong Stock Connect was revealed to the market, and it was expected that the Shanghai-Hong Kong Stock Connect would be officially launched at some stage in the second half of the year.

Affected by this good news, the market investment sentiment, which was originally extremely pessimistic before the market opened, has recovered somewhat.

Many desperate market investors, stimulated by the good news of the "Shanghai-Hong Kong Stock Connect", can't help but have a glimmer of hope for the market outlook.

With this glimmer of hope.

When 9:15 arrives, the collective bidding in the two cities begins.

In the minds of the majority of investors, the market, which was originally expected to open lower across the board, finally received a bright light. The main "big financial" sector, such as "banking, securities, and insurance", opened higher across the board, rising by 0.8%.

1.25% points, while 'infrastructure', 'state-owned enterprise reform', 'Internet finance' and other popular main lines that were previously high have stopped falling at this moment, and popular stocks in many fields have turned red and rose.

I saw that after the first 5 minutes of market call auction, after a large number of false orders were canceled between 9:19 and 9:20, the market situation presented by the market was worse than when the call auction in the two cities started at 9:15.

, has obviously declined.

Seeing the real call auction situation in the market, Yu Hang, inside Minghui Capital, in the fund trading room, 'Minghui No. 2' fund manager He Hong frowned slightly and said to Xu Zhongji on the side: "Mr. Xu, 'Big

Regarding the financial line, I think we should intervene cautiously!"

"In that case..."

Among them, the field of ‘big finance’.

“The ‘military industry’ sector, which carries the two long-term positive expectations of ‘military industry reform’ and ‘military industry enterprise asset securitization’, will become an amplifier of market sentiment and usher in good speculation.”

"Yeah!" Li Meng responded, "The inflection point of macro policies is often preceded by market sentiment and capital. At the current position of the index, the probability of continuing to plummet and adjust is indeed small."

"Mr. Su, the 'military industry' line doesn't seem to have any particularly obvious performance at the opening of the market today." Wang Can, who had been observing the market's collective bidding trend, paused and said, "This trend... I think it's a little obvious.

If it’s not as good as expected, should we continue to increase our positions on this line?”

As everyone briefly discussed, at this time, the market trading time had already entered 9:20.

"Why?" Xu Zhongji asked, "The announcement of the 'Shanghai-Hong Kong Stock Connect' will have a direct stimulating effect on stocks in the financial sector, and it will take a long time to realize the benefits. The market has sufficient room for speculation and

Due to time constraints, coupled with the fact that valuations in the 'financial' sector have indeed been suppressed miserably, this wave of loosening chips will bring about sustained market expectations if valuation expectations increase."

After experiencing a relatively strong performance yesterday, this main line opened today. In the call auction, the performance was not very good. Not only did the sector index lag behind the average market performance, but within its sector, some component stocks that performed particularly strongly yesterday even

There are obvious signs that the main funds are selling to suppress the market.

After hearing He Hong's analysis, Xu Zhongji stared at the trading charts of the two cities for about half a minute before responding: "Judging from the actual trend of the market, it seems that this is indeed the case."

As for the ‘military industry’ field that Su Yu was very optimistic about.

"So, whether it is Fund No. 1, Fund 2, or the new closed fund No. 3, you must follow the left-hand position building idea. While increasing the position, strictly control the position risks and do not take risks. But in

When you see an opportunity, don’t hesitate.”

"As for the field of 'big finance'..."

At this moment, the performance of these two main lines appears to be very ordinary in the context of the obvious rebound of the market. Their related industry sector indexes are basically maintained near the flat market. There is neither obvious buying attention from the main funds nor obvious signs.

The main funds were suppressed by selling.

The banking sector index has fallen back to around 0.5% from an increase of 0.85% at the initial stage of call auction; the securities and insurance sector indexes have fallen back to below 1% from an increase of around 1.25% at the initial stage of call auction, and several major

In the industry sectors and related core component stocks, the buying power is not strong, and there is still a trend risk of continued decline.

"Okay!" Liu Yuan responded, and then turned her attention back to the trading interface of the two cities.

"Currently, the market adjustment is not over."

"The market's trend, whether it's rising or falling, can't be resolved at a stroke."

Su Yu thought for a while and responded: "With 'military industry' as the main direction of attack, as for the core main lines of 'infrastructure', 'state-owned enterprise reform', and 'Internet finance', maintain what I just said about 'building positions slowly.

The rhythm of ‘watch more and move less’ can also be appropriately intervened.”

Su Yu thought for a while and said: "Although the market sentiment has not yet reached an inflection point, the attitude of the regulators has shown itself. Coupled with the continuous plummet in the early stage of the index, profit-taking orders and meat-cutting orders have been issued.

It’s almost there, the downward momentum has been fully released, so at this stage, even if the main line market still cannot perform, there is a high probability that the index will not show the same plummeting trend as in the early stage.”

"Okay, I understand." Zhang Guobing responded and stopped talking.

"Indeed." Li Meng also said, "As long as the market's risk appetite and hype sentiment increase, the future performance expectations of the 'military industry' sector will be difficult to predict. Confidence disclosure is very opaque. These two major investment flaws will, on the contrary, be driven by good news."

It becomes a huge advantage, providing room for market speculation and unlimited imagination."

"Moreover, the fundamental situation in the 'big finance' field has not yet seen an obvious turning point."

"It means that there is a high probability that there is nothing worth paying attention to in today's market?" Li Meng heard Su Yu's analysis and responded, "It feels like the two lines of 'infrastructure' and 'state-owned enterprise reform' have already corrected.

Quite a few, but the chip structure has not been stabilized, and it is indeed unable to shoulder the important task of supporting the market index and re-creating the market's sustained money-making effect."

Su Yu nodded slightly and said: "Continue to slowly increase positions. Since the path of 'military industry reform' and 'military industry enterprise asset securitization' has been pointed out at the macro policy level, there will definitely be continued speculation value in this direction."

, as for the trend at this time has not changed significantly, and the main market funds have not gathered in this direction on a large scale, that is because the market hype and capital situation at this moment are still in a bad situation, and the market risk appetite is still decreasing.

, and the 'military industry' is an area where future performance expectations are difficult to predict and information disclosure is very opaque. Naturally, the attitude of various funds to this field at this time will appear to be too cautious."

"I guess..." Su Yu said with a smile, "It would be good if the main line of 'big finance' can generally open higher and slightly outperform the index performance."

"But when market sentiment and capital reach an inflection point..."

In the previous market's continuous decline, the main lines of 'consumption' and 'medicine' have shown performance several times.

"But the trend reflected in today's market call auction is obviously different from what we expected before the market opened!" He Hong said, "I suggest that we still respect the actual trend response of the market. At this time... we really shouldn't be too pessimistic.

But I think it’s wrong to be too optimistic.”

"At this moment, it has fallen to around 2200 points. The risks of the early hype market focusing on 'infrastructure' and 'state-owned enterprise reform' have been fully released. I feel that no matter what... we should not continue to be at this position.

I’m getting more pessimistic.”

"Obviously, the main line of 'big finance' does not currently have such conditions."

"The good news did come out quickly, a little beyond expectations." Su Yu replied, "But in terms of the trend of market adjustment, both time and space are still a little worse. In terms of the market's long-short sentiment feedback,

We are still far from the turning point."

"Just looking at the performance of each main line in the market call auction..."

Facing Liu Yuan's inquiry, Su Yu pondered for a moment and responded: "It is better to maintain the trading strategy of 'building positions slowly, watching more and moving less'. The market trend has entered the second stage, even if there is no chance of a sharp decline."

There are risks, but there will still be no shortage of shock adjustments, especially when the market sentiment has not yet reached an inflection point, there is a high probability that some stocks that we have the intention to build positions will also experience sentiment killing."

"At the same time, market indexes have continued to adjust during this period..."

“The ‘big finance’ field, which has been stimulated by direct benefits, is going...obviously less than expected!”

Seeing that the market slightly exceeded the expected initial call auction situation, at this moment, inside Yuhang and Yuhang Investment Company, in the fund trading room, Li Meng observed the market and said with a smile: "It feels like the market has fallen here. Under the continuous news changes,

, there is a slight signal to stop the decline.”

The performance at this moment, although the growth rate lags much behind that of 'big finance', the power of buying and selling on the market of relevant core component stocks is obviously much stronger than that of some core component stocks in the 'big finance' field, and this

For several core main lines, as the market trading hours progress, the gains of their related sector indexes are still rising slowly.

"The news of Shanghai-Hong Kong Stock Connect is coming. Today, 'Big Finance' will probably play the leading role, right?"

Su Yu paused, pondered for a moment, and continued: "The news of the 'Shanghai-Hong Kong Stock Connect' is indeed a strong positive boost for this main line field, but this field needs to have a sustained market, and it will not be able to undertake

The capital volume requirements are too high, and the current market, emotional and financial aspects are in a recession cycle, and the overall market status quo is difficult to support the continued strength of the 'big finance' field."

"Since the market trend will most likely enter the second stage of 'shock adjustment', should we make slight adjustments to the trading strategy and appropriately increase the intensity of position building?" In the brief discussion between Su Yu and Li Meng

During the discussion, Liu Yuan interjected, "Master, we have avoided the most severe plummeting trend of the index and avoided the most serious risk stage of the market. Now... facing the index touching around 2200 points again, we should appropriately

Have you turned from defense to offense?"

"Mr. Su, in terms of priority, is our 'Yuhang No. 3' fund's position building direction also focused on 'military industry'?" At this time, Zhang Guobing, the trading team leader in charge of the 'Yuhang No. 3' fund, also tolerated

He kept asking, "Can our trading team intervene simultaneously in the two core directions of 'infrastructure' and 'state-owned enterprise reform', as well as the direction of 'Internet finance'?"

"Okay." Wang Can responded, and then turned his attention to the trading interface of the two cities again.

‘Infrastructure’, ‘state-owned enterprise reform’, ‘Internet finance’ and other core main lines that continued to plummet and adjust in the early stage.

"At this moment, there are some positive signals on the policy side and the news side, but we... still have to be patient enough before the market turning point really comes."

He Hong paused, thought for a moment, and then continued: "After continuous adjustments in the early stage, there have been several major themes such as 'infrastructure', 'state-owned enterprise reform', and 'Internet finance', and their related industry sectors and concepts have fallen sharply.

For stocks that are core components of the sector, it is obvious that the market buying orders are stronger."

"As long as the macro policy direction of the 'military industry' line and the two positive expectations of 'military industry reform' and 'military industry enterprise securitization' do not materialize, then our position building strategy in the 'military industry' field will not change.

"Su Yu emphasized, "For this line, at the current stage, feel free to open a position, as the same saying goes... don't rush for chips, don't give up, buy as many chips as you can."

“The stimulation of news is useful, but it usually still has to resonate with the turning point of fundamentals to produce a relatively large and sustainable main line market.”

Xu Zhongji thought for a while and said: "Let's wait until the official opening of the market to see the specific undertaking of the 'big finance' field. If the main funds of all parties in the market agree with the market logic in this direction, then after the official opening of the 'big finance'

The intensity of funding in this field should be getting stronger and stronger.”

"You're right." Xu Zhongji smiled and continued, "At this stage, we should not be overly pessimistic, nor should we be overly optimistic. As for 'infrastructure', 'state-owned enterprise reform', and 'Internet finance', which are the main lines of early market speculation,

You can pay attention, but you still have to be more cautious when it comes to intervention."

Seeing that Xu Zhongji agreed with his analysis and judgment, He Hong couldn't help but breathed a sigh of relief, and then turned his attention back to the trading board again.

At this time, following the brief discussion between the two, the market trading time has reached 9:25, the call auction in the two cities has ended, and the market trading interface has been reset.

(End of chapter)