The investment era of rebirth

The entire market investor group is in the spotlight.

The stagnant two markets began to jump in an instant. I saw that benefiting from the brewing of pre-market sentiment and the driving effect of the external market, most of the industry sectors and concept sectors in the two cities showed a trend of opening higher. The entire market has a total of nearly 2000 stocks, with 1400 The remaining branches showed a red plate trend.

And in most high-opening industry sectors and concept sectors.

On the main line of 'technology growth stocks', core concept sectors such as 'Internet finance', 'e-commerce', 'Apple concept', 'domestic software', 'film and television entertainment' all showed a clear upward trend , Ranked among the top risers in the concept sectors of the two cities.

Among them, among the core concept sectors, a group of popular core concept stocks with relatively high market attention and investor discussions are opening higher, which is even more eye-catching.

For example, 'LeTV' opened up 1.23%; Opened higher by more than 3.29%; Apple concept stocks such as 'Crystal Optoelectronics, Speed, Lixun Precision, and Changying Precision' all opened higher by about 2%; even the old 'Shanghai Steel Union' Monster stocks, following yesterday's daily limit, opened higher by more than 1 points in the early stage of today's call auction, showing the momentum to continue hitting the daily limit.

Compared with the overall market, the generally strong 'tech growth stocks' sector stocks.

The traditional investment fields that are biased towards the direction of the main board, especially the 'military industry' and 'steel' sectors, and even the entire 'pan-infrastructure' sector, which once showed a profit-making effect and the mood of capital groups to follow suit in the market performance yesterday, no matter the market performance , or the popularity of discussions among market investor groups, and even the degree of topicality, is much weaker.

Even in the entire traditional investment field, the two most popular industry sectors of 'military industry' and 'steel', as well as their corresponding concept sectors, have not even been able to squeeze into the top five positions in the two cities' industry sectors and concept sectors. , completely lost the possibility of continuous spread of emotions and hype.

However, the overall performance of the "pan-infrastructure" industry sectors and concept sectors such as "military industry" and "steel" is not outstanding.

Regarding the core concept stocks that 'Fortune Road' bought yesterday.

And the heat of market hype and discussion is still relatively high in the market, such as 'Beijiang Communication Construction, Shanghai Construction Engineering, Tianshan Cement, Shibei High-tech' and other stocks.

The disk performance is not bad.

These tickets still maintain a relatively obvious trend of higher openings. Among them, 'Fushun Iron and Steel' even opened higher by more than 2%.

"Haha, the trend of the market is really cooperative!" At 9:16, seeing the initial state of call auctions in the market, at this moment in Shenzhen Market, inside Pingyin Asset Management, the main fund trading room, General Manager Liu Ziliang's face was filled with pain. He couldn't help showing a smile, "The wind in the external market really came at the right time."

Chen Shen, the fund manager, stood beside Liu Ziliang, nodded slightly and said: "Indeed, after this wave of emotional stimulation, the main investment concept of 'technological growth' should quickly become popular among the people. Consistent investment expectations will also be formed faster."

"It seems that we didn't have any problems with the market forecast and investment layout before." Liu Ziliang said, "Under this situation, I really want to see how the funds of the 'Yuhang Department' will adjust their trading strategies?"

Chen Shen thought for a while, and responded: "No one can go against the macro trend of the market. Although the capital of the 'Yuhang Department' is not small and has a huge influence on the market investor group, it is still under the influence of 'technological growth'." "When the development trend of this main line is unstoppable, I estimate that this main fund...should not be stuck in the direction of traditional investment fields such as 'big infrastructure'. It will inevitably reduce the corresponding position weight and increase the position of the market. Among them, other popular concept sectors with good development.”

"If this fund is really chosen in this way, that would be great." Liu Ziliang said, "We have worked so hard to develop the main line of 'technological growth', and the purpose is to make the market's investment sentiment and expectations comprehensive in this direction. After the outbreak, various funds that attracted follow-up intervention continued to carry the sedan chair for us, so as to reap more profits from the market and rewrite the performance of our fund in the first quarter."

"Currently..."

Liu Ziliang stared at the changes in the market, and said with a smile: "We are getting closer and closer to success."

"If the market trend is to turn to the line of 'technological growth' in an all-round way..." Gao Yixiang, the head of the fund trading team in the trading room, also interjected while the two were talking, "Then the 'Yuhang Department', the core and main institution in the market, It should be completely empty market, right?"

Chen Shen nodded and responded, "That's for sure!"

"More than that..." Liu Ziliang smiled and continued, "Once the market trend, sentiment changes, and even investment expectations really turn to the line of 'technological growth', the entire market will be in the short, medium, and even long-term. There will be a fundamental change in investment philosophy.”

"At the same time, the market is concentrated in the direction of 'technological growth'."

"It will also lead to further weakening of liquidity in the traditional investment areas of the main board, such as 'big infrastructure', 'finance', and 'big consumption'."

"And when liquidity in those directions weakens."

"The impact is that active funds from all walks of life will increasingly flee from these investment fields."

"Unsurprisingly, the pattern of 'Shanghai is weak and Shenzhen is strong' will take shape for a long time. At the same time, the market trend in the second half of last year is very likely to be staged again."

"If the market trend returns to the small and medium-sized board and the ChiNext board as the breakthrough direction..." Gao Yixiang asked, "Mr. Liu, which main line direction and concept board should be the one with the greatest potential for explosion?"

Liu Ziliang thought for a while and said: "I think the main concept sectors with the greatest potential for market explosion are the two major areas of 'smartphone industry chain' and 'mobile Internet'. Of course, under the favorable stimulus jointly released by the five ministries and commissions, The market in the direction of 'film and television entertainment' is no different."

"E-commerce and Internet finance also have a lot of potential for market explosion." Chen Shen continued, "I heard that many domestic financial institutions and financial companies, including our group, have called out 'financial technology'. ' are also stepping up their efforts to launch their own 'mobile Internet business port', borrowing the thinking of 'Internet+' to give new meaning to 'finance'."

"Only in the two directions of 'Internet Finance' and 'E-Commerce'..."

Chen Shen paused for a moment, looked at Liu Ziliang, saw that the expression on Liu Ziliang's face hadn't changed much, and couldn't help but continued: "We don't have too many positions. Now that these two concept sectors have risen, we can't It’s great to carry out the layout and increase the position.”

Liu Ziliang kept a close eye on the collective bidding trend of the two concept sectors of 'Internet Finance' and 'E-commerce' in the market, and responded: "But there is nothing to regret. According to the overall market changes, 'Internet Finance' and 'E-commerce' 'The underlying logic of market hype followed by these two conceptual sectors is still the two core logics of 'mobile Internet' and 'smartphone'."

"Yes!" Gao Yixiang couldn't help flattering, "'Smartphone' is the logic of hardware, and 'Mobile Internet' is the logic of software. The main lines of investment derived from these two core investment logics are the ultimate goal of 'technological growth'." The main idea, and at present, both the 'smartphone penetration rate' and the growth of 'mobile Internet' user groups are still in the stage of the industry's explosion, and there is huge room for follow-up growth, which can be used as a market for three to five years. Long-term investment theme, for investment."

"However, the big investment theme of 'technological growth' has actually been mentioned by many institutions two or three years ago." Wang Jinglun, the deputy head of the trading room, hesitated for a while, then said, "It is true,' Smartphone penetration rate' and 'mobile Internet user growth' will definitely have huge room for growth in the future, but in the whole market, not only the domestic market, but also the global market, investment institutions and investor groups from all walks of life, for this The investment expectations of the two main lines are already quite high.”

"I'm worried about..."

Wang Jinglun paused for a while, thought for a while, organized his language, and then continued: "Under such high unanimous expectations, once some core stocks in these two main lines of business, or leading companies in the industry develop In terms of performance and performance, if it fails to meet expectations, it will easily drag down the overall market in these two fields.”

"The other thing is... everyone is optimistic, which is very unfavorable to continue to take over the chips on the market, or to quickly hit a certain expected difference, and there will be a market that exceeds expectations."

"Jinglun, what do you mean?" Without waiting for Liu Ziliang to respond, Chen Shen quickly turned his gaze to Wang Jinglun, and said in a stern tone, "Are you saying that we were wrong in the choice of trading strategy from the beginning? Or I want to say that in this trading room, you are the smartest and can understand these things?"

Wang Jinglun was taken aback, and hurriedly explained: "Mr. Chen, I...I didn't mean that!"

"Okay!" Liu Ziliang frowned slightly, glanced at the three people in front of him, and said, "Jing Lun's reminder is not wrong, but we are in the transaction, and we can't look forward and backward. Since the market has chosen the direction of 'technological growth', And in this direction, we have already obtained the opportunity to hold positions, so we can only follow the trend, guide the market as much as possible, and expand the profit range we can reap."

"As for the follow-up related core companies, performance and business expansion, what is the room for growth?"

"That's for later."

"Now, we just need to guide the current market sentiment, expand the profit-making effect of the big investment line of 'technological growth', and guide the majority of investors in the market to continue to deepen in this direction, and continue to support our heavily held stocks. Jiao, at the same time... also correspondingly attacked the funds of the 'Yuhang Department', and grasped the initiative of the market."

"Looking at the long and the short, the vision must be broad, and the feet must be solid."

"This is the essence of trading, and it is also the trading principle that we, as asset management managers, should follow."

Hearing Liu Ziliang's admonition, the three people in the trading room, who were obviously a little uncomfortable, nodded one after another, and then quickly turned their eyes back to the trading interface between the two markets.

After a brief discussion between the three of them...

The market trading time at this moment has slipped to 9:19.

On the entire market trading surface, the so-called "technological growth" is the main line of the field, such as "Internet finance", "e-commerce", "film and television entertainment", "domestic software", "Apple concept" and other core concept sectors, as well as The corresponding popular concept stocks are getting stronger and stronger, and have fully occupied the forefront of the rise list of the concept sectors in the two cities.

As for the traditional investment fields of the main board, the industry sectors such as 'military industry', 'steel', 'real estate', 'finance', 'construction decoration', 'building materials', and the corresponding concept sectors have fallen into contraction again. In the state of falling volume, the market capital liquidity of various industry sectors is very poor, especially the super large blue chip stocks with a market value of [-] billion yuan such as 'Huaxin Securities, Chinese Commercial Bank, Huaguo Pacific Insurance', etc. The combined trading volume is actually not as good as the market value of tens of billions in the fields of "film and television entertainment", "Internet finance", and "domestic software", or even small and medium-cap concept stocks with a market value of several billion.

"It's really a world of ice and fire!"

Seeing the direction of the main board, the initial call auction stage, the money-making effect and emotional enthusiasm shown are really extremely limited, and even the concept leading stock of "Fushun Special Steel" with the seat blessing of "Wealth Road", the call auction trend, It is also going down steadily. At this moment, inside Yuhang Minghui Capital, the main fund trading room, the fund manager He Hong was very helpless, and couldn't help but frowned, and sighed: "Could it be that the market is really moving towards the main line of 'technology growth'?" Is it possible that there are no chances in the line of "big infrastructure construction"? It shouldn't be! The funds of the "Yuhang Department" are gathered here on a large scale. How can it be possible to make money in this direction? , can't move it at all?"

Hearing He Hong's emotion, Xu Zhongji, the general manager standing beside him, responded in a deep voice: "Be patient, I always feel that it is not so easy to get out of the line of 'technological growth'. History will repeat itself, but every time it repeats It is absolutely impossible to do so in the same way.”

"Mr. Xu is still optimistic about the direction of 'big infrastructure'?" He Hong asked.

At this time, the market trading time has quickly jumped past 9:20.

I saw that after a large number of false pending orders were withdrawn, the market finally showed a real call auction state. Compared with 1 minute ago, although the performance of the volume of matching transactions has dropped by a level, the overall market pattern of the two cities, There has not been much change. It is still the pattern of 'Shanghai is weak and Shenzhen is strong', and the stocks corresponding to 'Technology Growth' occupy the mainstream of high-opening stocks. The performance of many traditional investment sectors is mediocre. Not only the market is buying orders Rare, active selling orders are also rare, and the overall liquidity is relatively lacking.

Xu Zhongji responded: "I'm not optimistic, I believe that the market will always be in the form of a '[-] pattern', that is, it will not allow the vast majority of investor groups to make money. In the current performance of various main lines of the market, 'technology growth 'The overall valuation of this line is several times higher than the main lines in the traditional field, and at the same time, the short-term increase is not small, and the sentiment and expectations have already been fully filled, and there is no room for exceeding expectations."

"More importantly..."

"Under the current situation in the market, there is not much incremental funds to continue to enter the market to undertake the market."

"Therefore, it is absolutely not so easy to continue to hold high the line of 'technological growth' and open up new heights without going through a wave of mid-to-long-term drastic adjustments."

"On the contrary, it is the direction of 'big infrastructure' that has been lowered in various aspects such as heat, emotions, and expectations."

"At this time, there is a good opportunity for a breakthrough."

"If the funds of the 'Yuhang System' gathered in the line of 'big infrastructure' are really bold, I think...they should take some action in the current situation."

"Hey, I hope!" After listening to Xu Zhongji's analysis, He Hong sighed slightly and nodded.

After the continuous layout at this stage, under the influence of Xu Zhongji, the current main positions of several funds under their company are also fully focused on the direction of "big infrastructure", so... Psychologically, He Hong must also hope The breakthrough direction of market conditions can be completely biased towards the field of 'big infrastructure'.

However, hope is hope.

When he finished sighing and turned his attention back to the trading of the two markets, a group of traditional industry stocks on the main board of the Shanghai Stock Exchange, as well as their corresponding blue-chip weights and popular concept stocks, were still losing blood. The industry sectors and concept sectors of the market's small and medium-sized board and the GEM's "Technology Growth" main line, as well as a number of popular growth concept stocks, followed the deepening of sentiment, and continued to attack under the influence of follow-up buying funds. The overall high The opening range is getting bigger and bigger.