The investment era of rebirth

Su Yu stared at the market trend, and was also a little surprised by the full-scale outbreak of the mainline market of 'military industry', and said: "This market trend has exploded faster than we expected!"

"Is there any clearer news?" Li Meng, who was standing next to Su Yu, responded, "Looking at the changes in the line of 'military industry', the funds that continue to increase positions and the main direction of attack are not in this field. The small-cap concept stocks that are easy to pull market speculation, but the more core mid- and large-cap constituent stocks, this is not like the hot money that is mainly short-term speculation, but more like the operating style of the institutional group.”

"I also feel... It seems that the main institutions are increasing their positions on a large scale." Zhao Lijun also answered at the right time.

"In terms of specific directions, the stocks of 'Airline Development' and the stocks of 'China Airlines' have the most obvious changes." Liu Yuan pondered for a moment, and then continued, "And if you observe carefully, you will find that many stocks with the same main business are all the same. There is a linkage trend, such as Hangfa Power, Hangfa Technology, Huahang Electromechanical, Huahang Optoelectronics, or Aerospace Information, Aerospace Development, and even the two checks of Huaguo Heavy Industry and Huaxia Shipbuilding..."

"Do you think there is an internal logic in the linkage of these stocks?" Su Yu asked with a smile, turning his head to look at Liu Yuan.

Liu Yuan nodded lightly, and responded, "Don't Master think so?"

Su Yu smiled, and did not answer directly, but continued to ask: "Then what do you think is the internal logic behind the linkage between these stocks?"

Liu Yuan thought for a while and said, "It should be the logical line of 'reform and reorganization of state-owned enterprises and central enterprises'!"

"Oh?" Su Yu asked with a wider smile on his face, "Why do you think so?"

Liu Yuan responded: "First of all, these changes are all state-owned holding stocks, and the main business is either similar, or the same, or they are simply different listed subsidiaries belonging to the same central enterprise group; secondly, in terms of macroeconomic reform policies , the wave of "reform and reorganization of state-owned enterprises and state-owned enterprises" set off by "Huaguo Petrochemical" has formed a lot of waves in the market, and has even been hyped by various funds as the main line before; finally, today on the financial calendar, Isn't there a relatively high-level 'deepening reform' economic symposium? This should be able to correspond."

"Yes, it's amazing!" Su Yu's eyes showed admiration, looked at the apprentice he had taught with a smile, and continued with a smile, "Only based on the changes in the market and the linkage between individual stocks, we can combine macro Looking at the news on the surface, thinking of this level of logic, it is already quite powerful."

"but……"

Su Yu paused, and then reminded: "Market funds generally increase their positions and rush to raise funds on the line of 'military industry'. There is a high probability that they follow not only the logic you just said."

"Is there more than this logic?" Hearing Su Yu's reminder, Liu Yuan fell into deep thought again.

Su Yu nodded slightly, and continued: "The same trend is related, and it is also the main line of 'military industry'. If you look at the stocks of the 'China Airlines' and 'Aviation Development' stocks, no matter the strength of the active buying attack or the capital following the trend The strength is far stronger than the "Hua Ship" stocks headed by Huaguo Heavy Industry and Huaxia Shipbuilding, and...compared with the main line of "military industry", the main line fields such as "big infrastructure", "big finance", and "petrochemical industry" , There are quite a few 'state-owned holdings' stocks with the characteristics you just mentioned, but the changes and synchronous linkages of these stocks are not very obvious."

"This shows that there may be potential positive directions in the market. In addition to the 'reform and reorganization of state-owned enterprises and central enterprises' you just mentioned, there must be other important positive stimuli in the separate field of 'military industry'."

"Let's look at the main line of 'Military Industry', the concept of the main changes."

"The stocks that are closely related to the stocks of 'Aviation Development' and 'China Airlines' are undoubtedly the two major concept sectors of 'domestic large aircraft' and 'aerospace'. At the same time, there is another feature, which is what you call abnormal movement and linkage. The violent ones are basically the stocks of the subsidiaries of the same system."

"Analyzing from this aspect, it is very likely that there has been a huge breakthrough in the 'domestic large aircraft' and 'aerospace' projects, or new policies and project investment are favorable, and what I mentioned before' The road to asset securitization in the military industry' should be a clear policy announcement."

"certainly……"

After Su Yu's analysis, seeing Liu Yuan's originally excited expression became a little depressed, he couldn't help changing the subject, and praised: "Your analysis direction and disk analysis method are not wrong. It combines well with possible news developments."

"Thank you, Master, for your encouragement." Liu Yuan responded softly.

"The road to asset securitization of the military industry?" After listening to Su Yu's analysis, Li Meng paid close attention to the changes in the disk, pondered for a moment, and responded, "From the perspective of various trends, it seems that the expected logic in this aspect is indeed in place. It has been continuously strengthened, and at the same time, it has been continuously recognized by the main funds of all parties on and off the court.”

"If we really analyze it according to the hype logic of 'military industry asset securitization road'..." Zhu Tianyang, deputy head of the fund trading team of 'Yuhang No. This line, the valuation standards and expected logic of many stocks, have to be re-evaluated, right?"

"In this way, the future expectations of 'reform and reorganization of state-owned enterprises and state-owned enterprises', as well as the investment and development prospects of many large projects that can be expected in the future, such as 'domestic large aircraft', 'aerospace', and 'Beidou Navigation', then the 'military industry' The hype space and expectation space of this line have come out completely.”

Zhao Lijun smiled, took Zhu Tianyang's words, and continued: "It may be more than that. There is also a rebound in the market's own investment sentiment and investment confidence, as well as the continuous upward trend of the index, which can increase the overall valuation of the market in disguise. Water level, thus aggravating the hype sentiment of the 'military industry' line, and further opening up the hype space and expectation space of this main line."

"There are also factors such as the difference in expectations of the entire market for the line of 'military industry' before and after, as well as the internal bargaining structure of this main line." Zhang Guobing added, "The line of 'military industry' has not gone out of any decent shape in the early stage. The continuous market has not shown any sustained profit-making effect, so the expectations in investors' minds are quite low. Similarly, due to this relatively low expected impact, the current valuation of this line is also compressed Near the historical extreme value, and the bargaining chip structure on the floor has become quite clean.”

"Under these factors..."

Zhang Guobing laughed twice, and continued: "Once there is a major change in the market expectations of this main line, and the fundamentals and news start to be stimulated simultaneously, then the market hype potential that will erupt from this follow-up line, as well as the hype The space height is quite fast."

"Agreed!" After listening to Zhang Guobing's analysis, Zhao Lijun immediately nodded in agreement, "Once the market expectations of this line change greatly, the market potential of the main line of 'military industry' should be among all the main lines of the two cities at present. , the strongest mainline."

Speaking of which...

Zhao Lijun had to admire Su Yu's judgment and understanding of the main line of 'military industry'.

As early as before the Dragon Boat Festival, when the entire market continued to weaken, Su Yu was able to judge from the market news and policy trends that there would be a huge hype in the field of 'military industry', so he decisively attacked heavily , the layout in advance, I have to say that the other party's ability to judge market conditions and dig out the main theme of hype is really shocking to the point of scalp numbness, it is unbelievable.

"Then, can the line of 'military industry' completely take over the short-term market correction of the line of 'big infrastructure'?" Wang Can heard that everyone was unanimously optimistic about the market of the line of 'military industry', and pondered for a while. Can't help but ask, "Can the two lines of 'military industry' and 'big infrastructure' form a good market rotation, maintain the market's profit-making effect, and further open up the market's upward space?"

Facing Wang Can's question, Su Yu pondered for a while, and said: "The main line of 'military industry' and 'big infrastructure' are not opposites, although the amount of funds that can be accommodated by the main line of 'military industry' is far from It is not as good as the main market line of "big infrastructure", but the two are actually quite correlated, so...with such a strong correlation, the market rotation of the two lines can naturally transition smoothly .”

"Su always said the main line of the concept of 'reform and reorganization of state-owned enterprises and central enterprises'?" Zhu Tianyang responded.

Su Yu nodded and continued: "Yes, it is the direction of the main line of this big concept. The changes and rotations of market conditions are not linear, let alone either-or. Therefore, there is no need to compare them separately. We only need to Grasp the core expectation logic, wait quietly, slowly follow the market trend changes, and adjust the trading strategy appropriately. As long as you have a firm direction and a choice, the rest... just leave it to the market."

"Okay!" Wang Can nodded.

"Then let's now..." While Wang Can nodded, Li Meng asked again, "Just watch quietly and do nothing?"

Su Yu responded with a smile: "Market conditions and hype sentiment need time to react and ferment. There is no rush or rush. Whether we are on the line of 'big infrastructure' or the line of 'military industry' In this line, or the two lines of 'Internet Finance' and 'Film and Television Media', positions have been established and the layout is completed, and there is not much to do, and even if the position is slightly adjusted, to guide the market and chase popular concepts Stocks, so the little excess returns obtained, for our several main funds with tens of billions of funds, the impact on the net worth is also close to nothing."

"So, it doesn't make much sense to do this. On the contrary, it may be self-defeating, exposing more of our stock holdings and motivations for holding positions. To find out the development context of market conditions.”

"It's better to be still than to move." Li Meng thought about this sentence and stopped talking.

Then, after pausing for a moment, he turned his gaze back to the two markets, which were undergoing intense trading.

At this time, after intense discussion and analysis by everyone in the trading room, the market trading time has reached 10:47. After the Shanghai Stock Exchange Index touched the highest point of 2274.31 points in the session, it fell back to around 2270 points. At a key point, oscillate.

As for the "military industry" sector, which performed very well during the session, although the profit-making effect within the sector is still expanding.

But other mainline areas of the entire market have already begun to lose blood.

At the same time, the net inflow of main funds has also begun to reverse within the industry sectors and concept sectors related to the main line of "big infrastructure". There are signs of re-intensification of internal long-short differences, and signs of continued shrinkage and hesitation of high-level follow-up funds.

Then, when the time came to 10:50, the situation of "one strong and many weak" in the market began to become more and more obvious.

"It seems that the concentrated explosion of the 'military industry' sector can't stop the growing market divergence!"

Seeing that the Shanghai Stock Exchange Index has been stuck around 2270 points, and at the same time, the selling pressure of the entire market has begun to increase again. At this moment, the main hot money group of Yuhang where Su Yu is located has undertaken the main line of "big infrastructure" in early trading The hot money of popular stocks couldn't help but sigh: "'Military industry' can't support itself, the whole market is here, if you don't use the time to fully clean up a wave of profit-making chips in the market, re-consolidate the chip structure, and at the same time make the market profitable. The logic of the main line market, as time goes by, goes further outside the market to attract potential investors in the market. Without enough incremental funds, the index may not really go up here.”

"Normally, time and space are indispensable for the formation of a bullish trend in the market. It is not a bad thing to adjust here and clear up short-term profit taking."

"Looking at the overall capacity to undertake, the index continues to rise, and it has indeed encountered strong resistance. There is a need and motivation for a correction, but at this position, the room for downward adjustment of the index is very limited, right? And today's 'military industry' This line is indeed bursting. Although this line failed to fully drive the market, the profit-making effect and room for hype have been fully realized. Therefore... Overall, although there is a strong need for a correction in the index here , but the market can still be done, and in strong areas, you can also continue to do more appropriately.”

"The three-board space for a natural change of hands has been opened up, and it is indeed possible to be a little more aggressive in the short-term."

"It doesn't matter whether the index pulls back for a short time or not. The key is that the market hype sentiment can be kept at a relatively high level. At present... the short-term hype sentiment in the market has not declined, but is still heating up."

"Hey... There are differences in the market, and differences mean that whether it is the line of 'big infrastructure', 'military industry', or 'Internet finance', there is still room for speculation!"

Sure enough, with the rapid refresh of the news in the group, and the positive view of the hot money from the crowd.

After the market trading hours passed 11 o'clock, although the major indexes of Shanghai Index, Shenzhen Index, and ChiNext Index faced increasing pressure from the market, and although the differences between long and short positions in the market became more and more obvious, the core "big infrastructure" In the two popular main line fields of "military industry" and "military industry", related concept stocks suitable for the relay speculation of various active funds are still getting stronger and stronger. There are even several stocks that are still the main funds that follow the trend and decisively push up to the daily limit. superior.