The investment era of rebirth

Chapter 477 The A-Share Market Stands Out!
I saw that the Shanghai Stock Exchange Index started to dive rapidly at 2:46 under the turbulent selling. In just 3 minutes, it broke through the 2270 point mark again.

Immediately afterwards, at 2:48, the Shanghai stock index reached 2267 points.

At 2:50, the Shanghai stock index reached 2264 points.

At 2:55, the Shanghai stock index reached the 2260 point mark, shrinking the intraday increase to about 1.5%.

In the end, when 3 o'clock in the afternoon came and the two markets ushered in the closing time, the Shanghai stock index rebounded a bit and was fixed at 2264.96 points, up 1.63%, while the Shenzhen index and the ChiNext index rose by 1.49% and 1.37% respectively. According to As far as the closing situation is concerned, although several major indexes fell back a lot in late trading, overall, they still formed a relatively good rebound trend of the big positive line, especially in terms of the performance of the two markets, compared with yesterday, they only slightly shrunk a little.

This shows that the index is at this position, and market investors are very active. At the same time, it also shows that the exchange of bargaining chip structures on the market is good, and the market has a good mood to follow suit.

"At the position of 2300 points, it seems that it is not easy to break through in one go!"

Seeing such a closing situation, at this moment, inside Zexi Investment Company and the trading room of the main fund in Modu, Zhou Kan said with emotion: "Today's trend is obviously a bit weak at the end of the day. I feel that the index will be weak in the next few trading days. It is necessary to step back to 2200 points to confirm the support."

"Although the index was indeed a bit weak in the late trading, overall, the market's profit-making effect is still expanding." Beside Zhou Kan, Xu Xiang briefly observed the market for a while, and responded, "As long as the market's profit-making effect If the effect continues to expand, then it is not a big problem. At this time...you can slightly lighten the index and emphasize individual stocks."

"Focus on the index and focus on individual stocks!" Zhou Kan thought for a while, and said, "But the main lines of 'infrastructure', 'military industry', and 'Internet finance', and many popular concept stocks, the rebound heights in the past two days are not high enough. Low, especially the popular concept stocks of the 'Yuhang series' funds that have built positions on a large scale. Basically, they are connected to two daily limit boards, and the follow-up market will continue... When the Shanghai Index cannot quickly break through 2300 points, it will continue to open up space Come on, I'm afraid I'm suspicious!"

Xu Xiang smiled and said: "There are shocks, but this is far from the climax of the hype. Although these popular concept stocks have rebounded violently, generally exceeding the rebound range of the market index, but due to the rapid rebound , In fact, the group of investors who followed suit did not get a lot of bargaining chips."

"In other words, the bargaining chips of these popular concept stocks are relatively scarce at this stage."

"Meanwhile, sentiment intensified due to the mass admission of 'Fortune Road'."

"The long sentiment of these popular concept stocks is still the strongest field in the market. The follow-up market will continue to break through for a while, and there is no big problem in the short term."

In his opinion... the bottom chip structure of the market has just completed a large-scale transformation.

At this time, the market has just begun to unfold. It can be said that all shocks and short-term retracements are relatively good opportunities to increase positions and buy.

"Can you continue to break through?" Zhou Kan was a little stunned, his opinion was slightly different from Xu Xiang, and he said, "But today's market in the entire field of 'big infrastructure' has diverged, and the follow-up hype can continue to grow." High? And today's 'Yuhang' funds should not have made any big moves, right? Facing the short-term accumulation of relatively heavy profits in the field of 'infrastructure', the follow-up incremental funds can really continue to raise the stock price for a while ?"

Xu Xiang responded with a smile: "Although the market has diverged, the turnover of related popular concept stocks has not increased, and compared with yesterday, it has relatively shrunk. This proves that the bargaining chips in the market are well locked. , but the changes in the bargaining chip structure are still very good.”

"In that case..." Zhou Kan paused and asked, "Then how should we formulate a trading strategy next?"

Xu Xiang pondered for a moment, and said: "The holdings are expected to rise, so wait patiently. For this position, a relatively aggressive trading strategy is far more suitable than a conservative trading strategy."

"Okay!" Zhou Kan nodded, paused for a while, and said again, "The 'military industry' line this afternoon seems to be a bit independent of the market."

Xu Xiang nodded and responded: "There are indeed obvious signs of new main funds entering the market."

"It seems that the core logic of this main line is gradually being recognized by more main funds in the market." Zhou Kan smiled and said, "It also shows that our previous judgment is not wrong. There should be some potential in this direction. Good news, or the core hype logic.”

"Yeah!" Xu Xiang nodded and asked, "Old Qiao...do you have any new news about the 'military industry' line?"

Zhou Kan shook his head and responded, "I haven't heard of it yet."

"What about the market news on the macro level?" Xu Xiang thought for a while before continuing to ask.

Zhou Kan pondered for a while, and responded: "Others, there is no particularly important news, oh... By the way, there seems to be new progress in the aspect of 'pensions entering the market'. I heard that the former CIC Group General Manager Qian of the asset management department of Huijin seems to have been transferred to the newly established 'Pension Asset Management Center' as the director, and should be fully responsible for and promote the related matters of 'pension funds entering the market'."

"General Manager Qian of the Asset Management Department of Huijin?" Xu Xiang thought for a while in his mind, and said, "He has been transferred, it seems that the matter of 'pensions entering the market' is indeed beginning to take shape, and what else, In terms of macro financial policies, as well as the news and policy promotion of 'Shanghai-Hong Kong Stock Connect' and 'State-owned Enterprise Reform', are there any new developments?"

Zhou Kan thought for a while, and said: "The regulatory authorities have publicly blown the market a few times about the 'Shanghai-Hong Kong Stock Connect'. What is certain is that this matter will be fully opened up in the second half of this year, allowing North and South funds to Both A-shares and Hong Kong stocks are able to flow, which is a relatively public benefit. As for the "state-owned enterprise reform"... the promotion is indeed very strong. It should be getting closer, which is why the concept of 'state-owned enterprise reform' has been so strong in the past two or three months."

"Oh, right……"

Speaking of this, Zhou Kan remembered something again, and said: "It seems that the merger and reorganization, internal reform and asset securitization of military enterprises have also begun to spread. I wonder if this is the line of 'military industry'. More core hype logic and future expectations.”

"Military industry asset securitization?" Xu Xiang gradually narrowed his eyes when he heard these words, and said, "If the top management is really pushing in this direction, then the hype logic and future expectations of the 'military industry' line still have a lot to do with it." It’s not small, and it’s worth doing a lot.”

"Let Old Joe pay more attention to this news..."

"The Prophet of Spring River Plumbing Duck, the movement of main funds in the market will not deceive people. Since the line of 'military industry' continues to grow stronger and stronger, and more and more main funds enter this field, it is bound to go in this direction. There will be potential benefits or hype logic.”

"Okay!" Zhou Kan nodded in response, and said again, "There is also the recent surge of hot money outside the market, which seems to be getting worse, especially on P2P platforms where private capital is active. There are more and more capital groups, and at the same time, there seems to be an investment boom in the primary market because of the surge of various hot money, and the private equity investment market has also begun to overheat. stage."

"I think……"

Zhou Kan paused, and said: "Under the background of 'mass innovation, mass entrepreneurship', the concept field of 'venture capital', which has been largely abandoned by major funds from all walks of life in the market, should have some speculative opportunities."

Xu Xiang thought for a while and said, "Forget it, the hotness of the primary market is not linear to the transmission of the secondary market. According to the reaction of the primary market, speculating in stocks in the secondary market is like speculating in spot stocks based on the futures price. The company's stock is somewhat unreliable, and the IPO is fully opened. Even if the line of "venture capital" has a chance of oversold rebound, its long-term hype logic and expectations cannot be opened, and it is difficult to attract the majority of investors in the market. The consensus of the group is that it is more difficult to participate in the market, and when the market has a better main line of making money, the cost performance of this line is not high at all, and we don’t need to waste too much time and experience in this line.”

"Instead, the hot money you just mentioned started to flow into the private equity investment market and the P2P wealth management market in large quantities."

"This is a good market signal!"

"I think so too." Zhou Kan said with a smile, "From these signs, we can see that overall, the capital side of the market is improving. As long as the A-share market can continue to make money and open up room for continuous growth, then The hot money flowing into the primary market and the P2P wealth management market, I feel that there is a high probability that it will eventually flow into the property market and stock market with better liquidity."

"It's not just that." Xu Xiang said, "Hot money is pouring into the capital market and into the big reservoir of the real estate market. Then the high inflation rate before that should come down, so... the central bank should have more Many cards can be played, and it is not impossible for its monetary policy to change!"

"It depends on the Fed's movements, right?" Zhou Kan said, "If the Fed is hawkish and continues to raise interest rates, then even if we have a card in our central bank's hand, it may be difficult to play!"

"At present, the correlation is not so strong." Xu Xiang said, "Let's look at it first. I always feel that the domestic market is in this position. At this point in time, there should be a strong explosive market. After all News, funds, policies, and emotions are all slowly moving toward a path of consistent resonance."

"Could it be... is it really possible for a 'bull market' to break out?" Zhou Kan was surprised.

Xu Xiang smiled and said: "No one can accurately predict this, but it can be clearly felt that the situation inside and outside this year is obviously better than last year. In terms of the direction of the main board, after the valuation is compressed to the extreme, no matter the fundamentals and the news The market is about to reverse, and the springs of the market can be felt, obviously relaxing."

"And in the emerging industry fields centered on the small and medium-sized board and the ChiNext board, there are many 'growth stocks' directions."

"With the rapid growth of emerging industries and the rising market valuation under the surge of hot money, its potential hype logic and future expectations are also continuing to strengthen."

"But what everyone expects is that the real estate market will continue to boom after the real estate is loosened." Zhou Kan said, "Since the development of domestic commercial real estate, there has never been an economic boom in the real estate market and the stock market at the same time, right?"

Xu Xiang smiled and said: "Expectations are expectations, but the actual changes can only be based on the actual market trend, and history often does not repeat itself. If we are in the transaction, we will always follow the historical performance as a guideline. For reference, you will only fall into the trap of thinking, unable to see the essence of things objectively, let alone accurately judge the position of the market."

"Okay!" Zhou Kan responded, then stopped talking, and lowered his head again to continue the replay.

While the two continued to replay, analyze, and discuss, the time had unknowingly reached 5:30 pm, and the rankings of the two cities' dragons and tigers were refreshed.

I saw that after a day of intense trading, a total of 26 stocks were listed.

Among them, relatively similar to yesterday, more than half of the 26 listed stocks belong to the popular main lines of 'infrastructure', 'military industry', and 'Internet finance', but what is different from yesterday is today's 'wealth road' It almost disappeared, and only appeared in one or two large-cap stock buying seats of Huaguo Railway Construction and Gemdale Group, and the net buying volume was not large, only 2000 million, compared with yesterday's single stock that easily exceeded [-] million The net purchase of stocks is not worth mentioning.

Of course, except for the sharp drop in the net purchase amount disclosed by 'Fortune Road' on the list.

The overall performance of the dragon and tiger rankings of the two cities is still very strong, and the total trading volume of all disclosed trading seats is still in a state of substantial net buying. Among them, the net buying of institutional seats is the largest, and the single "Gemdale Group" For one stock, the net purchase of institutional seats reached 1.8 million.

"Boss Su's 'Wealth Road' is a small buy lock-up, hot money is still active, and the institutional group has increased their positions on a large scale. Although the data of today's dragon and tiger list is not as shocking as yesterday, it is also quite eye-catching. I feel that the market is going to... It will definitely go up, and tomorrow it will directly point to 2300 points!"

After seeing the data of the dragon and tiger rankings of the two cities, the discussion enthusiasm of the majority of investors on the entire Internet also soared again.

"'Infrastructure', 'Military Industry', and 'Internet Finance' are popular concept stocks in the main line fields, which are really strong! Like Huaguo MCC, Beijiang Communication Construction, Shanghai Construction Engineering, Pudong Construction, Gemdale Group, Tianshan Cement, Hengsheng Electronics, Hongdu Aviation... This series of stocks, the trading seats disclosed by them, the main funds are still in a state of substantial net buying, which shows that the main funds are still scrambling for funds."

"Isn't it stupid not to rush to raise money at this time when there is basically a clear opportunity to make money?"

"Sure enough, Mr. Su's 'Fortune Road' didn't sell a single share of stock today, the boss is still a boss!"

"The 14 stocks listed on the 'Wealth Road' list yesterday all have their daily limit today. It can be said that as long as you can buy them, you will not lose money. After Mr. Su's shot, the 100% success rate 'Golden Body', I really don't know what Can the time be broken? This copycat copy... is really awesome."

"The real guiding light of the market, do you think you are joking?"

"What you buy is what you earn. There is absolutely nothing wrong with Mr. Su's seat on 'Wealth Road'."

"Today, Mr. Su is still increasing positions in Huaguo Railway Construction and Gemdale Group. It seems that he will grab these two stocks tomorrow. It also shows that the market for the 'infrastructure' line is far from over."

"Compared with the main market of 'infrastructure' in April and May, this is just the beginning."

"Yes, the market has only just begun. We are optimistic about this wave of the Shanghai Stock Exchange Index returning to 2500 points, and we are optimistic about the line of 'infrastructure'. The market can at least double."

"Beixin Road & Bridge, the leading stock in the main line of 'infrastructure' in the last wave, has risen by 4 or 5 times. The leading stock in this wave, the market price should not be lower than this growth space, right?"

"That's for sure, and... if the Shanghai Stock Exchange Index can successfully stand at 2500 points and open up the bull market space, then the room for leading stocks to rise will probably go up by 10 times."

"Considering the increase of 10 times, it should be the check of 'Beijiang Communication Construction', which makes this possible?"

"After all, other popular concept stocks, relatively speaking, the market is not very small. If it really rises by 10 times, the market value will be too large, which is unrealistic."

"There is no doubt that in this wave, 'Beijiang Communication Construction' is definitely the most core leading stock."

"I also think this check is the leader in the current market."

"Hey, this check rebounded by more than 30% in two days. I really regret that I didn't buy this check at the limit yesterday."

"It's not too late to catch up tomorrow. As for the concept leader, as long as you have faith, you can get on the car at any time."

"I hope! But the market is going late today... To be honest, there are some problems. I am worried that if the external market continues to fall tonight, the stock index will hit 2300 points tomorrow. I am afraid that it will still be a problem. Maybe I will continue to return to the market. Step on 2200 points to confirm the breakthrough."

"The short-term forecast of the index is anyone's guess."

"Don't pay too much attention to the index, anyway, just follow Mr. Su's 'Wealth Road' to buy. If you only buy the 'Wealth Road Holding Concept Stock', you should be able to make money with a high probability."

"The Shanghai stock index failed to reach 2300 points today. It is indeed a fly in the ointment, but this should not affect the overall rebound trend."

"As long as the line of 'big infrastructure' can be maintained, a rebound should not be a problem."

"Hey, the market is so strong against the trend today, maybe it will be good at night?"

"Except for Mr. Su's 'Fortune Road', Mr. Zhang's 'Chunhui Road' today, and Mr. Xu's 'Jiefang South Road' are all locked up. So many big guys are still optimistic, the market should not be in the short term. Falling, I didn’t add many positions today, I will continue to add tomorrow, anyway, I’m below 2300 points in the Shanghai stock index, so I can only buy but not sell.”

"Yes, only buy and not sell. Finally, the opportunity comes, so we must seize it."

"Following the bosses can only eat meat. Anyway, I am Mr. Su's 'wealth road', so I will cling to it and not sell it. If the main funds in the field have the ability, then just use the sky and the floor to wash it away." I."

"Haha, it's the same, it's the same... so many lessons from history, it must be that the 'Wealth Road' will not come out, I will not come out!"

Amidst the heated discussions among many retail investors, the bullish market view still has an overwhelming advantage compared with the bearish market view, and with the stimulating and guiding effect of the "Wealth Road", the market follows the trend and locks up the group, In other words, there are more and more investor groups with intentions in this regard.

At the same time, in addition to the majority of retail investors.

Institutional groups, with their operating strategies and market views, are beginning to lean in the same direction.

Even in the evening, when the bullish mood in the market continued to brew and ferment, and brokerage institutions, financial media, and stock commentators were still tirelessly singing bullishly, the regulators seemed to think that the market sentiment was not brewing enough, and continued to pour news into the market. Some positive news on the market has fueled the market sentiment.

However, everyone's unanimous expectations and enthusiasm are always contrary to the trend of the external market.

Already in the past two days, the U.S. stock market, which has experienced two years of decline, opened late at night. Under the circumstances that the giant company "Apple" has not expected its semi-annual report performance to be satisfactory, it is also led by the sharp drop in the stock price of "Apple". , Continued to open low and move low to adjust, forming a continuous downward trend of three consecutive losses.

Similarly, due to the sharp drop in the US stock market and the 'Apple' company's stock price.

The next day, at around 8:30 in the morning, the Asia-Pacific stock markets, which had already opened, continued to show a greenery. Among them, the global "Apple industry chain" companies in various markets were abandoned by the main funds, and they all showed sharp declines. trend.

Then, facing the relatively unsatisfactory trend and shape trend development of the Asia-Pacific stock market and the global stock market.

Last night, bullish sentiment brewed hot A-shares, and its bullish investment sentiment was once again suppressed before the market. The bearish point of view rose, and the originally clear market expectations were once again cast a shadow.

"Boss, do you think the Shanghai Stock Exchange Index can still be independent from the world today, go against the trend and continue to break through?"

The pre-market sentiment was brewing. At 9:10, inside Yuhang and Yuhang Investment Company, and in the trading room of the main fund, Wang Can scanned the Internet for discussion topics related to the stock market that had changed the direction of the market, and turned his head towards Su Yu Xun said: "I feel that the global stock market, especially the U.S. stock market, does have the characteristics of a head, and the trend is quite dangerous. It's hard to say... Everyone's worries about the external market may really bring the Shanghai index down again. , in that case... our previous large-scale layout would be a waste of effort."

(End of this chapter)