legendary trader

Chapter 325 Chapter 326 The Stock Market Is Still Bullish
At 9 o'clock in the evening, rice stocks opened.

Last Friday, the Nasdaq market fluctuated all the way up, and finally closed at the highest point of the day at 2003.16 points. Today, the Nasdaq index gapped and opened higher at 2009.98 points, and then there was a rapid and small surge.

Chen Fan had been staring at the trading accounts of the fourteen traders since the market opened, and he couldn't help nodding when he saw that they continued their buying work after the market opened.

Last week, there were too few sell orders in the market. The traders kept closing the market and failed to use up the 5 million yuan of funds. The remaining funds could only continue to buy after the market opened on Monday. As long as Chen Fan did not order to stop buying If there is an advanced instruction, they will of course continue to execute the previous order until it is completed.

The Nasdaq saw a surge in a short period of time after the opening of the market, and then turned around and adjusted downwards. However, the correction was not large, and it did not even completely close today's gap, and the downward momentum was stabilized.

The trading team was continuing to buy stocks, and Chen Fan didn't have any new orders to issue, he just quietly observed the movement of the market.

Regardless of whether it is a rush or a pullback, the trading volume of the Nasdaq market in the recent period is actually not large, and it is not obvious that there is a large amount of off-market funds entering the market, but under such circumstances, the Nasdaq still has more than 5 points The overall increase is a bit intriguing. Where did the market chips go?Is it true that institutional investors in the rice stock market are value investments, because they choose stocks very carefully, so they have good lock-ups?

Just when Chen Fan's thoughts were wandering again, Zhang Quan, the team leader of the intelligence room, stood at the door and knocked, obviously he had something to report.

Chen Fan nodded and motioned for him to come in and speak.

After Zhang Quan walked into the office, he handed a piece of information in his hand to Chen Fan and said, "This is the latest information. According to the information and analysis reports collected from external channels, the research departments of Oak Tree, Tianqin and Chaofan all tend to It is believed that the United States and other major economies may raise interest rates from the beginning of next year."

At first, Chen Fan, who was a bit absent-minded, was startled when Zhang Quan said that the global central banks might raise interest rates successively next year. This is not good news, so he hurriedly took the information and looked at it, and did not forget to point to the seat next to him , Let Zhang Quan sit down and wait for a while.

Zheng Xiaopang who was next to him also heard what Zhang Quan said, and he also turned his attention away, waiting for Chen Fan to read the information so that he could continue to see what it meant.

After reading the information in his hand, Chen Fan handed the document to Zheng Xiaopang, turned to Zhang Quan and asked, "It means that the interest rate cuts in the past two years to stimulate the economy are about to start a complete U-turn, and the economy is already showing signs of overheating. Raise interest rates to cool down?"

"The current situation is like this. The interest rate cuts in the past few years have caused major Western stock markets to rise sharply, but the development of the real economy has not met expectations. The current economy shows signs of overheating, especially the rice stock market. According to the current situation According to the opinion of the analysis agency, the central bank of the United States will likely raise interest rates and control the rising speed of the stock market. After all, it seems that if it is not controlled, there is a high probability of forming a bubble.” Zhang Quan began to talk eloquently, and the information he submitted It just explained some sources of information and the analysis conclusions drawn by some large analysis institutions and their respective companies’ research departments, but the description of the joints is not complete. The full version of the analysis report is still being sorted out and can only be done later Submit it.

"When can I get the complete analysis report?" Chen Fan asked after listening to Zhang Quan's report.

"Now our data comes from three companies. They just issued an interest rate hike warning to us. Their analysis data has not yet been released, so I am not sure when it will be submitted." Zhang Quan said, "But go back I'll urge them right away."

Chen Fan waved his hand, "That's not necessary, and it's not a very important matter. Don't worry about it for a while. After all, it's just a prediction that interest rates may increase next year."

After changing the subject, Chen Fan asked again: "You are from Tianqin, and the other two are from Chaofan and Oak. Do you think there are enough people here? I mean, is it necessary to bring some analysts from the headquarters? Handle some of these analysis reports nearby."

After hearing what Chen Fan said, Zhang Quan opened his mouth, but did not make a sound. After a while, he said: "Mr. Chen, I am in Tianqin. I used to be from the research department. Now the people in our office are all from their respective companies." Our research department, our main work here is first to accept the information sent by the company headquarters, and second to directly collect the latest news from outside. Currently, the work is not under much pressure."

"And these sources of information are mixed, and the most important thing is that they are all varied. If you transfer the research department to conduct research nearby, basically you can only move the research department here. There is no other way, because We don't know what the next news is about, which groups or departments are involved." Zhang Quan roughly understood what Chen Fan meant, and he felt that the speed of transmitting information in this way was a bit slow, and he wanted to send people like them doing research and analysis. After getting it over, he can report any results nearby, and he can directly ask these researchers if he has any questions, without waiting for them to compile the data into a report.

Chen Fan thinks it is right. If the research department is moved here, there will be overlapping research projects, but if the staff is transferred, the headquarters will definitely have some impact. Although they have mobilized a lot of funds this time, they have formed an alliance. The respective companies actually have other investment actions, and these investment actions require the support of the research department.

It is not advisable to move the research department here, and the transfer of manpower seems to have a big impact, so I shook my head, "Forget it, just send the materials over here."

Zhang Quan saw that he had nothing to do, so he got up and left.

After Zhang Quan left, Zheng Xiaopang put down the documents in his hand and asked, "What do you think, this interest rate increase is a big negative."

"It's just bad in theory. Capital is profit-seeking. If the stock market does not change, and as long as the stock market does continue to rise, in order to maximize profits, who would put money in the bank to rot." Chen Fan said with a smile , "In fact, there are not many funds that can be affected by interest rate hikes. Those who value interest are those people. How much money do they have? If they really value interest, they might as well buy bonds with the money, which has high interest rates. Still safe."

"It is actually the companies that are most affected by interest rate hikes. They are not like us. They are debt-free. Raising interest rates will increase financial costs and dilute part of the profits. The reduction in profits will affect the rise in stock prices. However, most of our investments are high-tech companies. They are asset-light, and few of them are qualified to find bank loans, they are now mainly relying on financing, so the increase in interest rates has no effect on our actions, and it is only on the psychological level.”

As he spoke, Chen Fan pointed to the document on the table and smiled, "I don't value raising interest rates, but there is a paragraph in the final conclusion of the analysis document that is a bit troublesome."

"What?" Zheng Xiaopang asked, picked up the document and glanced at it, but didn't see anything, "That passage?"

"Rising interest rates will reduce the inflow of funds into the market. At the same time, the issuance of new shares will also absorb the funds that may be relatively tight in the market. It seems to be mentioned in the analysis data I read in the afternoon that the number of new shares issued in the United States this year has increased by more than half compared with last year. A large number of issuances will further absorb funds and weaken the strength of the stock market. If new shares in the United States continue to be issued next year, that will cause trouble for the market rise. Although the issuance of new shares will also attract more capital inflows, they will indeed be absorbed in the short term. With a large amount of funds, if there is news of an interest rate hike when a large number of stocks are issued intensively, the market will probably be miserable." Chen Fan said with a smile.

Zheng Xiaopang glanced at that passage, frowned and said, "This is not funny."

Chen Fan put away his smile when he heard the words: "I have been thinking about how they will wash up the market if the market rises. You know, after the stock market rises, they want to make market investors fear and sell stocks, or they will sell their stocks. It is not easy to operate without dampening the popularity of the market.

Well now, after seeing their analysis data, I think I know what the market makers of rice stocks are thinking about. They will definitely push up the stock market with all their strength. When the stock market needs to adjust, there will be a centralized issuance of new shares, and at the same time, it may be accompanied by the central bank. hike. "

Chen Fan spread his hands as he said, "Scare people, wash the dishes and continue to pull them, it's that simple."

Zheng Xiaopang stretched his brows and smiled, "It's true, okay, stop bragging, you'll know what's going on when the time comes."

"Yeah, it's just a guess, and I don't know if they think about it that way." Chen Fan also laughed, "Maybe they have more clever tricks, and I'm not sure, just like half a year ago, they can find Japanese and European funds to run Go short in the rice stock market, hahaha.”

"Speaking of which, we really have to be careful. You must have been hated by Lao Mi's people last time. We can say that we snatched money from Lao Mi's mouth. That's why they put the news in to punish us. " Zheng Xiaopang was also happy, thinking of the inside information about the turbulent market that he found out later, he felt so happy. Without the help of the Japanese and European funds, their wealth may have shrunk by at least half now, and they have no money to buy ships and planes.

"They probably don't know that we did it. Jinxin kept it a secret. If it weren't for you, Zheng Dazui, no one would have known that we robbed the money." When it came to this matter, Chen Fan became annoyed Looking at Zheng Xiaopang.

"Yes yes yes, my fault." When Zheng Xiaopang heard this, he immediately became cowardly. He had no choice but to think that Zhang Ping was the most likely to betray the organization, but he didn't expect Zhang Ping to keep his mouth shut. It was his own mistake. Get the word out.

After finishing speaking, Zheng Xiaopang immediately pretended to start paying attention to the rice stock market again, "Those guys are not bad, they have bought tens of millions of rice stocks right now, and our stocks have already bought more than 4 million."

Chen Fan didn't answer, and began to look at the stock market.

After waiting for a while, seeing the scene was a bit cold, Zheng Xiaopang had no choice but to laugh dryly: "If they continue to buy like this, you can see that the Nasdaq has risen to 2020 points, shouldn't they be lowered?"

"It doesn't matter, spend all the rest of the money, can you still speculate the Nasdaq index at 2100?" Chen Fan thought it was no big deal, he was thinking about whether to take advantage of the current cheap stock market and buy as many chips as possible, In the future, the stock market will rise. If there is a shortage of money in the futures market, then sell some or seek financing directly. With a large number of stocks in hand, it should be easy for companies such as Jinxin to provide financing, and the interest obtained through these formal channels is not high. , relative to the benefits that may be realized, it can really be ignored.

After looking at the stock market for a while, the Nasdaq fluctuated from 2020 to 2030, and it didn’t seem like it was going to continue to rise, while the Dow Jones Index was doing well, having risen by nearly 50 points, and now it is near 9050.

After the Dow was affected by the Nasdaq last time and fell, it gained a firm foothold at more than 7000 points and began to rise. It has been an upward channel for half a year. A few days ago, it even rushed to a high of 9300 points, which is only one step away from a new high. There has been a callback in the past two days. It briefly fell below 9000 points last weekend, but it showed a strong desire to rise after the opening of the market today, and the current increase has surpassed the Nasdaq.

The trend of the S&P index is somewhat similar to that of the Dow. The linkage between them seems to be much stronger than that of the Nasdaq. However, overall, the trend of the US stock market is very good. At least the graphs have not deteriorated due to the last violent shock. Now It has been repaired, and it is still an attack pattern, with a strong meaning of rising. It is no wonder that there are so few selling orders in the market now, and everyone is holding shares and waiting for a rise.

Suddenly, Chen Fan thought of the interest rate increase mentioned earlier. It is said that this news has little impact on the Nasdaq, but it is hard to say the impact on the Dow and S&P. The Dow actually rose so well today.

Thinking of this, Chen Fan curled his lips, "The rice stock market may start to correct again in the next two days."

"Huh?" Zheng Xiaopang exclaimed, "Why do you mean that the news of raising interest rates will have an impact on the recent stock market trend?"

Zheng Xiaopang was not stupid, and immediately thought of the news he had just received. Since they knew about it, other organizations would definitely know about it, and they must have known about it earlier than them. Zheng Xiaopang felt a little toothache.

"Then the stock market is going up so well now, shouldn't we sell a little bit? Also tell the trading team below to suspend the buying operation?" Zheng Xiaopang immediately continued.

"You should send them a message and ask them to buy slowly, and they may continue to buy after the market drops recently." Chen Fan said, "Didn't you let the computers of the team leaders install our chat software? , just use that to send out the news, it’s not something urgent, there’s no need to shout.”

"Okay." After Zheng Xiaopang answered a word, he opened the chat window and started typing, then copied and pasted it and sent it to the team leaders of the two trading teams, "Ask them to open the chat tool. It seems that the transaction is still going on, and he will be punished when he comes down."

(End of this chapter)