The investment era of rebirth

Before the Shanghai Stock Index broke through the 3,000-point constraint, the entire main fund products managed by Anzhao Fund Company, under Su Yu's analysis and guidance, concentrated their positions on the main line of 'big finance', especially between the securities sector and the Internet finance sector.

Inside.

Thanks to the continuous surge in the securities sector and Internet finance sector in the past half month.

The main fund products of the entire Anzhao Fund Company have also been followed by continuous skyrocketing. In just this month, the net value of their main fund products has generally doubled compared to before, and the company's asset management scale has

It has also reached more than 20 billion.

This asset management scale is compared to the company’s previous asset management scale, especially before it was acquired by ‘Yuhang Investment’.

It can be said that it has skyrocketed several times.

Previously, this scale of asset management was completely unimaginable by Zhou Hui and Qin Qiuyue.

After all, more than half a year ago, before the company was acquired by 'Yuhang Investment', the total asset management scale of several fund products under Anzhao Fund Company did not exceed 5 billion, and their net worth performance ranked completely behind the private equity funds in the industry.

Ranked among the top 100 in product performance rankings.

Looking back now...

Although the company's main fund products have not updated their performance trends and net worth trends in the past month in order not to expose specific position data, position component stocks, and position costs, etc., according to the current performance rankings of private equity funds in the industry

performance ranking.

Zhou Hui can clearly predict the performance of the main fund products she manages.

She can be ranked among the top 30 private equity fund products in the industry without any pressure, and this performance was something she never dared to think about before.

"In recent days, the market trend has indeed become more and more exaggerated." After hearing Zhou Hui's words, Qin Qiuyue, the general manager of the company standing next to Zhou Hui, responded with a smile, "It has only been half a month, and our fund products have

of positions, almost 10 billion in new profits have been added without even realizing it.

Such a huge new profit, in the past, I would definitely not be able to hold on to it.

But now, my mentality is completely different.

I don’t know if it’s because of Mr. Su’s influence, but I always feel that I’m more energetic now and my horizons are broader than before.

Several main fund products of the "Yu Hang Series" managed by Mr. Su.

It is possible to make tens of billions of profits while remaining motionless, and it is also possible to continue to increase positions and go long without any pressure at a relatively high position.

We...should also have such a mentality!

Since Mr. Su has not yet asked us to reduce our positions, and the entire "Yuhang Series" fund products, there is no sign of reducing our positions and taking profits.

Then, we should relax, continue to hold on, and let the profits continue to run.

The current market situation, the atmosphere of the bull market, the confidence in the bull market, and the expectations of the bull market are getting stronger and stronger. The risk preference of the broad investor groups inside and outside the entire market for the market is also constantly improving. Even if the short-term surge is relatively small,

With a high position, there is no shortage of funds to undertake and follow suit.

In addition, there are rumors in the market that the central bank will cut interest rates and lower reserve requirements next month.

In general, the future expectations of our key holdings of securities, core stocks in the Internet financial sector, are still getting stronger!

As long as future expectations continue to grow stronger, the growth in stock prices does not significantly change expectations.

Then, you can continue to hold the chips and let the profits continue to run.

The reason why we become impetuous in the face of huge new profits and become more and more uncontrollable in wanting to reduce our positions and stop profits is that, in the final analysis, it is the insurmountable human nature of pocketing and settling for safety that is at work.”

Zhou Hui heard Qin Qiuyue's analysis, nodded slightly, and said with a smile: "Mr. Qin is right, this kind of 'safe in pocket' mentality is really difficult to overcome!"

"This is precisely the psychological change of many investors who hold securities and Internet financial stocks in the current market and have made substantial profits." Qin Qiuyue took over and continued, "If there are differences, it means that the market has not reached its peak at all.

Generally speaking, when a market reaches its peak and ends, market sentiment and investor psychology tend to be more consistent.

For now, everyone is just optimistic.

But he did not lose his cool, nor did he have too high expectations for the market trend.

Therefore, the core main line of the market, even though the valuation has increased rapidly, is still within a relatively reasonable range.

I remember that Mr. Su mentioned a market theory before, called the ‘pendulum theory’.

He said that in our A-share market, the most important leading force is not fundamentals, performance, etc., but investment sentiment.

After all, our A-share market is, in the final analysis, still a retail market.

As for the retail investor group, their knowledge and understanding of the market are always limited, or there is a certain degree of cognitive defects due to the asymmetry of information channels.

In other words, the vast group of retail investors occupy an absolute share of the market.

Most of them are novice investors who are not very mature.

For such a large group of novice investors, valuation, value investing, fundamental analysis... these things are all too far away from them.

The investment logic they truly follow, and the underlying logic they are willing to follow and accept.

There is only one, and that is the market and the continued money-making effect of individual stocks.

As long as the market and individual stocks can create sustained money-making effects, then regardless of their position, the majority of retail investors will be willing to follow suit and take over chips.

This is the weakness of human nature to seek advantages and avoid disadvantages, and it is generally difficult for ordinary investors to overcome it.

When the market becomes dominated by the continuous money-making effect and investment sentiment, especially when the majority of retail investors are the leading force in participation, under the basic conditions of the cognitive shortcomings of the majority of investors, the market

The 'pendulum effect' is difficult to avoid.

And what is the ‘pendulum effect’?

That means regardless of the valuation level of the entire market or the market trend of individual stocks.

Whether it is a short-term market triggered by news or a mid- to long-term market driven by performance explosions, prices tend to rise too high and fall too low.

The so-called valuation is reasonable, the bulls are long and the bears are short.

It is simply impossible without fundamental changes in the investor groups and institutions participating in the market.

For now... after the market broke through the 3,000-point barrier, the market's investment sentiment and investment confidence have actually completely changed under the continued surge of money-making effects. This has been reflected in the continued skyrocketing turnover of the two cities, as well as

The continuous plateauing and the constant short-term concept speculation of monster stocks... can all be seen.

Since the market's investment sentiment and investment confidence have completely changed.

Well, with the continued support of emotions, the market pendulum has continued to swing back in a positive direction.

Under this 'pendulum effect', when we believe that the valuations of many core stocks and heavyweight stocks in the market are reasonable, that is precisely when the pendulum effect begins.

That is to say, the market's excess profits have just reached the stage of generation.

If we understand this layer of truth and logic, then we naturally have no reason to adjust the position structure or reduce positions and stop profits at this time."

"The pendulum effect." After listening to Qin Qiuyue's analysis, Zhou Hui's eyes flickered and she murmured. After thinking about it carefully for a while, she chuckled and said, "The 'pendulum effect' summarized by President Su is really in place.

The development of market conditions does seem to be like this."

"When you are optimistic, you are too optimistic, and when you are pessimistic, you are too pessimistic." Qin Qiuyue said, "This sentence is the source of excess profits in the market!"

Zhou Hui nodded and continued: "In this case, let's maintain static positions and wait until stronger expectations are realized in the future. The news that 'the central bank will cut interest rates and reduce reserve requirements in December' has been widely reported in the past two days.

There are a lot of rumors inside and outside the market, so it shouldn't be completely groundless, and there should be a possibility of realizing this big news."

Qin Qiuyue said: "This big piece of good news, regardless of whether it can be finally realized or not, will have a strong stimulating effect in terms of the current market trend. Coupled with the continued surge in the transaction volume of the two cities, the market has a broad market both inside and outside."

Investors, the market expectations for the main line of 'big finance' will definitely continue to ferment. Even if the current technical aspects of the 'big finance' line are seriously deviated and blunted, in the short term, especially in the 'central bank'

Until the news of interest rate cuts and reserve requirement ratio cuts in December is disproven, it will be difficult for the market to stop."

As the two discussed the market and analyzed the subsequent market trends.

At this time, the market trading time has already entered after 10:15.

It can be seen that after 45 minutes of early trading, the market pattern of the two cities has become increasingly clear, and the skyrocketing trend has also become clearer.

The Shanghai Stock Index has risen by 1.47% at this moment, continuing to set new intraday highs and new yearly highs.

Although the gains of the Shenzhen Stock Exchange Index, ChiNext Index, and Small and Medium Enterprises Index lag behind the Shanghai Stock Exchange Index, they have all reached the 1% increase mark.

As for the A50 index.

Driven by the strength of a number of market-weighted blue-chip core stocks.

The increase at this moment has once again broken through the 2% increase mark, and the increase of the main A50 index futures contract has broken through to 2.35% in one fell swoop, once again widening the gap with the actual trend increase of the A50 index, forming a

There is a certain premium.

The performance of the core main lines of the market, core sectors, and core stocks.

The securities sector still maintained its trend of leading the industry sectors in the two cities, with the securities sector index rising by about 3.81%.

The core component stocks in the sector, 'Pacific Securities, Huai Capital, Jinlong Shares' rose by the limit, 'Southwest Securities, Xiangcai Securities, Orient Securities' rose by more than 6%, 'Western Securities, Founder Securities, Huaxin Securities' rose by more than 6%.

More than 5%, 'Huaxin Securities, Huashang Securities, Huatai Securities, Huatong Securities' increased in line with the sector index increase, all reaching more than 3%, and the volume and energy are also in a continuous expansion trend.

The performance of the Internet financial sector is similar to that of the securities sector, and it still maintains its first place in the growth list of conceptual theme sectors in the two cities.

Important stocks in the sector, 'Great Wisdom, Tonghuashun' continued to maintain their daily limit, 'Oriental Fortune, Yinjie Technology, Jinzheng Shares' surged by more than 6%, 'Hengsheng Electronics, Changliang Technology, Tianyu Information' surged by 5%

On the left and right, 'Shanghai Steel Union, Hengwei Technology, Yingshi Technology...' all increased by more than 3.5%, and the entire Internet financial sector index has expanded to 4.31%.

Moreover, the competition among component stocks within the entire sector and the main funds to raise funds is still intensifying.

There is a strong trend of setting off a rising and limiting trend.

In addition to securities, Internet finance is the two popular sectors that attract the most market attention and where the main financial groups follow suit and undertake the strongest efforts.

The performance of the ‘sub-new stocks’ sector is also extremely strong.

In the sector sector, not to mention the two stocks of Huake Suguang and Bluestone Heavy Equipment, which have reached their daily limit, there are already 6 other near-end sub-new stocks that have reached their daily limit.

As for banking and insurance, the two most important industry sectors in the main line of "big finance".

Comparing the performance of securities and Internet finance sectors, although the growth rate lags somewhat, the net inflow amount of main capital groups ranks first and second among all industry sectors in the two cities. Among them, the net inflow amount of main capital groups in the banking sector is,

In less than an hour, it has reached 4.233 billion. The net inflow of main funds in the insurance sector has also reached a scale of 2.479 billion. On the contrary, it is the securities sector with the highest turnover among the market industry sectors. The market divergence is a bit big. The main force

The net inflow of funds was only 979 million.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! Other related sections in the main line of "big infrastructure".

Industry sectors such as 'building decoration, building materials, commercial real estate development, non-public transportation, machinery and equipment, steel, cement...', although their performance is not weak, and the main funds continue to be in a net inflow situation, but the capital groups are following suit

The intensity of undertaking is still obviously not as good as the main line of 'big finance'.

But even if it’s not as good as the main line of ‘big finance’.

In terms of performance, it is still better than the main line areas of 'technological growth' and 'big consumption'.

Among them, as the main line of 'Big Finance' continues to surge and continues to create market space, 'New Era Road, Maritime Silk Road', 'Reform and Reorganization of Central and State-owned Enterprises', 'Mobile Internet', and 'Smartphone Industry Chain'

There are also signs of continued changes in several major conceptual themes.

The market continues to advance according to this market trend pattern.

Arrived after 10:30.

After the market has spent the one-hour trading period after the opening, the two markets share their energy and gradually stabilize.

The divergence in the main line of 'big finance', including securities, banking, insurance, and Internet finance, has gradually begun to increase. Whether it is the sector index, the core weight stocks within the sector, or the industry's leading stocks, they cannot continue to rise further.

Attack to open up the situation.

At the same time, the main line of "big infrastructure" is.

A number of related industry sectors, core weight stocks within concept sectors, and industry leading stocks have also begun to trend sideways after experiencing a wave of extremely rapid bull explosions.

Instead, they are individual stocks in the ‘big consumer’ sector.

As well as individual stocks in the fields of 'mobile Internet' and 'smartphone industry chain'.

At this time, it began to gradually break away from the market shape. With the assistance of many groups that followed the trend and took over funds, the stock price continued to rise and became the main driving force for the market. If you like the investment era of rebirth, please collect it: (www.sodu777.net) Rebirth

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