The investment era of rebirth

Seeing a steady stream of buying orders, they are still pouring in, and due to the leading role of the "building decoration" industry sector, various industry sectors such as steel, building materials, and real estate have also been gradually driven, and the core stocks in the industry sector continue to attack upwards , In the market, the enthusiasm and emotions of investors can't help but become more and more intense.

"Fuck, isn't it a scam?"

Seeing the sudden divergence of market sentiment, the strength of the main force's capital attack continues to increase. Among the investors in the market, the investors who previously threatened to be the main force to save themselves and fluctuate, can't help but exclaim at this moment. In the midst of a breakthrough rally, it faltered instantly.

"What's the logic? It's so high... I don't understand it."

"Building decoration, building materials, steel, real estate... Looking at these leading sectors, it is obvious that they are all rising around 'infrastructure' and 'real estate'!"

"They are all big guys in traditional sunset industries, and the real estate industry has recovered?"

"In terms of macro policy, the real estate industry has indeed been loosened, but it is too early to judge the recovery, right? As far as I know, many large companies in the real estate industry currently have high inventory and poor financing. The transaction volume and prices of the entire property market are still in a sluggish stage, and the recovery of the industry cannot be seen at all.”

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"Then what kind of logic is this rising?"

"Although the property market has not yet shown signs of recovery, the infrastructure sector has seen an increase, right?"

"According to the financial reports of many companies that have been announced, the performance of steel and cement, such as 'silly and thick' stocks, does show signs of recovery, but the market sentiment is no longer in this area at all, and even if the industry growth is prominent, the space is very limited. ?These traditional sunset industries don’t have any valuation advantages at all, and I don’t think there is any sustainable market logic.”

"Let's look at the oversold rebound first. These 'stupid' stocks, although the future prospects are not good, and the industry has a serious overcapacity, but they have fallen hard enough before. I think it is normal for them to rebound."

"Yes, the harder the pull, the clearer the logic of the oversold rebound."

"After all, according to the routine of the main capital, it is after a quick pull, and the rapid accumulation of market sentiment and sentiment, that there will be a large number of follow-up orders pouring in to take over the market. Let's go up. This kind of stock in the traditional field with no prospect, even if it goes up to the sky, will follow the trend. It doesn’t matter to me, the future market hope, obviously, is still dominated by the GEM.”

"Yes, yes, technology is the future, these hopeless 'stupid' blue chips, it's better to die!"

"Steel, construction, real estate... These low-priced stocks in the big market are the favorites of grandparents. Look, this kind of field with no prospects can rebound for a day at most, and then fall back."

"Hey, what the hell... the stock of High-tech Development is also going straight to the daily limit! Are you sure this is an oversold rebound?"

"In the construction and decoration industry sector, 10 stocks have risen by more than 5%. This capital attack...is it really a rebound, not a reversal?"

"Ah! The net inflow of main funds in the entire construction and decoration sector has reached 7 million yuan. It doesn't matter, whether it is a rebound or a reversal. In this case, let's talk about it first. The main funds buy in such a large amount that they will not be buried. Me?"  …

In the midst of heated discussions...

Architectural decoration, building materials, steel, real estate and other sectors that revolve around "infrastructure" have become stronger and stronger during the entire process of "Yuhang Investment"'s continuous investment in funds. As the transaction time goes by, several major The trend of the sector is becoming more and more closely linked.

"It turned out to be the field of 'infrastructure', which rushed out!"

Following the rise of "Huaguo Construction, Huaguo MCC, Huaguo Communications Construction, Huaguo Railway Construction, and Huaguo China Railway" all rose by 5%, the three stocks of Beixin Road and Bridge, Gaoxin Development, and Pudong Construction successively blocked their daily limit. At the moment when the construction and decoration industry sector has exploded, Xu Xiang stared at the market inside Zexi Investment and the trading room in Shanghai, with a look of surprise on his face: "The market's trend selection is always so unexpected."

Since the market bottomed out and rebounded, after the main funds of all parties in the market have failed in the two core main lines of "mobile Internet" and "smart phone industry chain" in the small and medium-sized boards and the GEM, he realized that the main line style of the market may be However, he did not expect that 'infrastructure' would take on the important task of breakthrough and become the strongest market since the market rebounded.

"I feel that the main funds that detonated today's market are not simply making orders around 'infrastructure'." Following Xu Xiang's words, Zhou Kan, the fund manager, said, "Boss, look...the changes on the market are the most obvious, and the movement is the fastest. Strong stocks, whether they are individual stocks in the construction decoration and building materials sectors, or individual stocks in the steel and real estate sectors, basically have one characteristic, that is, the controlling parties are all state-owned institutions."

"Instead of saying that the main capital is for infrastructure construction, it is better to say 'state-owned enterprise reform'."

"Of course, judging from the market, there is still a concept of 'preferred share pilot program' hidden in it. After all, according to the 'preferred share pilot program document' announced by the regulatory authorities before, blue chips are obviously the first to benefit."

Hearing Zhou Kan's reminder, Xu Xiang thought about it for a while, and said, "Really, it seems that a market split between [-] and [-] is about to take shape, and all the benefits from the regulatory authorities basically point to the blue-chip field. In the release, the timing of this share of funds is also very cleverly grasped."

Before the 'infrastructure' comprehensive breakthrough.

In the whole market, the hot spots have fallen into a state of expensive and scarce, the old hot spots cannot be speculated, and the new hot spots have no continuous funds to follow. As a result, all kinds of funds can't find a breakthrough direction at all for a while. In this case, "infrastructure" A comprehensive breakthrough, popularization and emotion, and a strong money-making effect instantly attracted the participation of funds from all walks of life who could not find a breakthrough direction.

"Boss, do you think there is hope for a reversal in this field?" Zhou Kan paused and continued, "Has this market around 'infrastructure' become the next core line of the market and lead the market further? Hope for a rebound?"

"Judging from the follow-up effect of funds today, there is such a probability." Xu Xiang said, "However, if we want to determine that the follow-up main line is this one, we have to depend on the degree of fermentation of market sentiment and the next few trading days. It can only be judged by the continuity and heat of the market.”

"Then shall we...follow now?" Zhou Kan asked. …

Xu Xiang pondered for a moment, and said, "Let's take a look first. If it's really the core line of the market, Lilan won't be too bad at the opportunity to be on the right side."

For the two major fields of 'infrastructure' and 'real estate', his research is not deep.

Therefore, in the face of the sudden eruption of stocks in these two fields, he still has to look at the market's reaction and continuity before he can make up his mind to follow. Therefore, although he feels that there is a high probability that the market will undergo a [-]-[-] conversion, he is still cautious about it in his heart, and he is willing to give up the cost advantage of early intervention in opening a position, and choose the right-hand position with greater certainty. Side trading opportunities.

But at the moment when Xu Xiang stood still and watched the changes.

In the Shenzhen market, within Xinniu Fund, the fund manager Fang Xinsheng was overjoyed, and hurriedly ordered traders to do their best to increase their positions in the core stocks of "big infrastructure" that led the market today.

"Sure enough, I said that the direction of the market breakthrough must be born in the field of 'infrastructure'." Fang Xinsheng told the traders to increase their positions with all their strength, while excitedly saying, "The recovery of real estate, urbanization, rural construction and other infrastructure construction have accelerated significantly. , The increment of the entire 'infrastructure' is advancing rapidly. In the current market, there is no field that has a large difference in expectations. As expected, it finally exploded."

In his trading strategy, he doesn't care about emerging industries or traditional industries.

He only thinks that the market has the biggest difference in future expectations. Relatively speaking, the most potential and most worthy of speculation, no matter whether the field is a traditional industry or an emerging industry, as long as such an opportunity arises and is verified by the market trend, then... He shot without hesitation.

"But Manager Fang...the expectations in this field are still there before, so why didn't they become speculative?" Mou Zhengxing, the trading team leader, questioned while operating, "How can we judge that the market explosion in the 'infrastructure' field this time is a reaction? turn, instead of an oversold rebound?"

Fang Xinsheng replied with a smile: "In the market, it is not that there is a difference in expectations, but there must be a market. Indeed, according to our research, the demand for the 'infrastructure' field has long been highlighted, and the regulatory authorities have relaxed policies on the real estate field. , is also continuing to increase, in other words, the expectation of reversal in this field in the future has been increasing.”

"However, you also saw that the market just turned a blind eye to this before."

"The valuation of each core stock, not only has not increased in the market changes, but has been further compressed in the past one or two months."

"Does this prove the market is wrong? Not!"

"For the market itself, there are expectations and valuation advantages. This is just the basic condition for the market to explode, and it may not necessarily be able to come out. If the market really wants to come out, it needs a catalytic effect, and this The catalyst of the market, in my opinion...is the market capital, sentiment, and the resonance with the market's macro conditions and favorable policies. Only when these resonance conditions are met, the market will really explode."

"Look at today's market..."

Fang Xinsheng paused, and continued: "Industry sectors such as 'building decoration, building materials, steel, and real estate' are linked by multiple sectors, and the core stocks are all rising in volume and price. In addition, the reform of state-owned enterprises, the issuance of preferred shares, etc. The positive stimulus from the macro policy has led to a large-scale influx of hot money into this field for speculation.” …

"The funds of the entire market, in this case, have formed a joint force."

"In this way, the conditions of various aspects have formed a resonance, which also shows that the breakthrough in the field of 'infrastructure' is effective and has strong support. We can follow up boldly with confidence."

"Furthermore, even if we make a mistake in our judgment, this field was completely abandoned by the market before, and the valuation has been compressed to the limit. Even if this is an oversold rebound, after the stock price rebounded, it fell back again. Our bargaining chips in this position, The loss rate will not be large, and the risk of misjudgment is also fully acceptable to us."

"Understood!" Mou Zhengxing nodded, "Thank you, Manager Fang, for your answer."

Fang Xinsheng nodded slightly, and continued: "In the early stage of the market, there must be hesitation, but as the effect of making money increases, the logic of this main line will only become clearer, and more and more people will Realizing that there is an investment, a speculative opportunity here."

As he spoke, the trading hours of the market had passed 11 o'clock in the morning.

At this moment, the market trend has become more and more invented and clear.

I saw that among the two cities, the four major industry sectors of 'construction decoration, building materials, steel, and real estate', which revolved around 'infrastructure', all increased by more than 2%, leading the rise of other industry sectors in the two cities, and the first to change , the construction and decoration industry sector, which took on the major task of breaking through the main line of "infrastructure" today, has increased by 4.73%. 16 stocks in the sector have increased by more than 5%, of which 4 stocks have closed the daily limit, and 7 stocks have increased by 7%. Above, there is a tendency to set off a daily limit tide.

In addition to the industry sector...

In terms of concept sectors in the two cities, the two concepts of 'state-owned enterprise reform and preferred stock pilot program' led the gains.

Of course, among the constituent stocks of the two leading concept sectors, the ones at the forefront of the gaining list are still a group of stocks with the attribute of "infrastructure".

As for the concept sectors related to the small and medium-sized board, the GEM's 'mobile Internet', and the 'smart phone industry chain', as well as their popular stocks, today they have been greatly bloodshed by the 'infrastructure' sector that has been fully rioted. In the rebound of the riots, not only did this field not rise, but it also fell a lot, and the related concept sectors all showed a state of capital outflow.

Thanks to the comprehensive drive of the 'infrastructure' sector.

Today's rise in the Shanghai Stock Index also outperformed the Shenzhen Stock Exchange Index and the ChiNext Index, a rare display of the style of a "big brother in the market".

"The main line of infrastructure should be done, right?" Seeing that the market was clearly better than expected, Li Meng, the fund manager in the trading room of Yuhang and Yuhang Investment Company, stared at the big market screen in the trading room, and finally relaxed. He took a breath, turned his head to look at Su Yu, and said, "Let's point out the theme, let's take the first shot of the market, and then... it depends on the emotional fermentation of the market, as well as the funds on and off the market." Follow up."

Su Yu nodded slightly, and said with a smile: "The first shot has been fired, and the hesitation period at the beginning of the market has passed, and the follow-up problem will not be a big one."

"En!" Li Meng replied, "Regardless of the market or individual stocks, after more than a month of continuous shrinkage, and after the panic of the last drop has been cleared, the pressure on the bargaining chips in this position is no longer great. We have hit the market direction, and we will continue to induce the market to break through, and it is not difficult. According to the trading strategy we formulated before, now... it should be at least 70% right?"

"80%!" Su Yu said, "As long as there is no sudden extreme bad news in the market, it should be no surprise that the main line of 'infrastructure' will come out. By the way, how many chips did you buy in total this morning?"