The investment era of rebirth

Chapter 574 The Journey of the Bull Market ([-])!
"Yinkou Port?" Mou Zhengxing was taken aback when he heard Fang Xinsheng's words, and hurriedly turned his attention to this stock.

I saw that under the action of the concentrated main buying funds, the daily limit of this stock has been sealed. At the same time, the volume has expanded compared to yesterday, and the accumulation of closed orders on the board is very fierce, which shows the strength and hardness of this check. All are very good, and it also shows that the funds are optimistic about this stock's firm attitude.

And with the daily limit of 'Yinkou Port'.

The "port and shipping" segment of the market is also rapidly exploding, and continues to rise upwards.

Among them, a group of core stocks in the "port and shipping" sector, such as Shanghai-Hong Kong Group, Huayuan Shipping, Huaguo Ocean, Huayuan Shipping Holdings, etc., also received the attention of a large number of main buying funds in an instant. Stock prices have risen one after another, driving the sector index to continue to break through upwards.

"What... is this logic?" Mou Zhengxing asked in amazement, "What logic does the 'Yinkou Port' check follow? What is the reason for the change in 'Port Shipping'?"

"There seems to be no sign of a shipping recovery. Many industry data show that the shipping cycle is far from bottoming out."

"Is it the logical line of 'Shanghai Free Trade Zone'?"

"However, under the logical line of 'Shanghai Free Trade Zone', other 'Free Trade Zone' concept stocks have no signs of change at all, and the concept sector index of 'Shanghai Stock Free Trade Zone' has not moved much at the moment. This means that the logic of the financial attack should not be this, right?"

"Obviously not the expected logic of 'shipping recovery' and 'Shanghai Free Trade Zone'." Fang Xinsheng said with a smile amidst Mou Zhengxing's doubts, "You should pay attention to the stocks that are closely linked to the check of 'Yinkou Port'. I found that apart from the core sector of 'port and shipping', most of the others are marginal stocks of 'infrastructure' in small and medium caps, and the geographical attributes of the stocks also have their own characteristics... I guess, the capital to make this check should follow the 'Asian The logic of the general direction of the European Economic Belt' and the 'New Era Road and Maritime Silk Road'."

"Of course……"

Fang Xinsheng paused, and continued: "'Yinkou Port' is a strong double board. Apart from the logical expectation in this direction, there are probably other potential good news. It's just because of the news channel that we are currently not sure about its potential. The good news is still unknown."

"'Asia-Europe Economic Belt' and 'New Era Road, Maritime Silk Road'?" Mou Zhengxing was startled, thinking about the geographical location of "Yinkou Port" and the major policy directions in the past one or two years, he responded, "Hearing what the manager said, it is indeed possible that market funds are speculating. This is the logic of this line."

"I remember the manager said..."

Mou Zhengxing thought for a while and continued: "In terms of the underlying core logic of the market's 'big infrastructure' and the expected direction of the future, the 'Asia-Europe Economic Belt' and the 'New Era Road, Maritime Silk Road' are also major components of the 'big infrastructure'. One of the underlying core logic and expectations of the mainline outbreak, right?"

"If you look at it this way, the market conditions and the direction of capital follow the trend, and deepening in the direction of these two concepts, isn't it the 'pan-infrastructure' investment strategy that the manager said!"

Fang Xinsheng nodded, and responded: "It's almost like this. This is also the premise that I think the core sectors of 'infrastructure' and 'military industry' cannot continue to break through to the sun after the short-term profit accumulation is too heavy. It will follow the original main line logic, carry out horizontal expansion and in-depth excavation of corresponding related topics, so as to carry out hype and realize the most important judgment factor of market rotation.”

"Understood!" Mou Zhengxing nodded with a smile, and whispered, "It turns out that this is called the 'pan-infrastructure' investment strategy."

His previous gaze had been focused on the core sectors of the two main lines of 'infrastructure' and 'military industry', as well as on the line of 'technological growth', and he always believed that the evolution and rotation of market conditions were the key to the development of funds in the stock game. Under the premise that there is no essential change in the surface, it must be constantly switching between high and low in these major main line fields.

But I didn't think about the horizontal expansion of the market, the superposition of main line concepts and main line themes, investment expectations and in-depth logic.

This led him to completely ignore the port shipping sector where the 'Yinkou Port' is located.

"Manager, if the next trend of the market develops according to this logical line..." After careful reflection for a while, Mou Zhengxing continued, "The market of the two main lines of 'infrastructure' and 'military industry' should gradually diverge. Form the internal high-low switching and rotation effect trend of the main market, right?"

Fang Xinsheng nodded, and responded: "You are right, there is a high probability that it will develop like this."

"Then, in terms of our position structure..." Mou Zhengxing asked, "Should we make some adjustments and gradually focus on the core concepts of the two conceptual themes of 'Asia-Europe Economic Belt', 'New Era Road, and Maritime Silk Road'? Stocks, make a small-scale Masukura adjustment?”

Fang Xinsheng pondered for a moment, then said, "It doesn't matter."

"Why?" Mou Zhengxing wondered.

Fang Xinsheng said: "We expect that the market's next market trend will form such a superimposed hype of concepts and themes within the main line, but there are still huge uncertainties about how the market will change. The two concepts of "belt", "new era road, and maritime silk road", or other concepts such as "state-owned enterprise reform and reorganization", "free trade zone" and "military asset securitization" that may undertake deep hype of funds, are all The underlying investment logic and future basic expectations around the two main lines of 'infrastructure' and 'military industry' are being developed and deepened."

"In other words, regardless of the upcoming market, which theme concept has become a market hotspot for capital speculation."

"The overall changes in the market situation are still centered around the two main lines of 'infrastructure' and 'military industry'."

"At the same time, when funds are hyping these conceptual themes derived from the two main lines of 'infrastructure' and 'military industry', they are also deepening the core investment logic expectations of the two main lines of 'infrastructure' and 'military industry'."

"In this position..."

"The market trend of the two main lines of 'infrastructure' and 'military industry', and even the upward trend, have not yet come to an end."

"So, since our main positions have been adjusted to the core stocks of the two main lines of 'infrastructure' and 'military industry', there is no need to adjust positions when the expectations and market conditions of these two main lines have not been fully reflected. , do linear market speculation.”

"After all, the market is changing all the time, and the opportunities are changing all the time."

"We can make strategic responses and forecasts based on the market, and sometimes, it does not fully correspond to the actual trend of the market."

"Following the hype of the branch market derived from the two main lines of 'infrastructure' and 'military industry'."

"How long it will last and how high the market space is, we cannot accurately predict at present."

"At the same time... within the two main lines of 'infrastructure' and 'military industry', a group of core weight stocks that currently need to deal with short-term profit-making issues are actually carrying the same burden of 'Asia-Europe Economic Belt', 'New Era Road, Sea A series of conceptual stories such as the Silk Road, the reform and reorganization of state-owned enterprises, the free trade zone, and the securitization of military industry assets."

"From the perspective of funds, the market is centered on the two main lines of 'infrastructure' and 'military industry'. The horizontal expansion and vertical deepening are only the high-low switching within the main line. Once the relatively low-level concept stocks catch up Come up, then the breakthrough of the market will definitely return to the core stocks that have already shown signs of high adjustment. After all, under the main line investment logic of "infrastructure" and "military industry", the future expectations of these core stocks and Fundamentals, and even expectations for the direction of other concept stories, are still the best."

"So, now that we know that the market will end, we will return to our main holdings to make a breakthrough."

"At this time, we don't need to adjust our positions to do this kind of short-term market speculation."

"The so-called 'as long as the financial trading market is still open for trading, the market will never lack trading opportunities'. At the same time, you must know...the money in the financial trading market is endless, and we are choosing some opportunities. At the same time, of course, some opportunities have to be given up."

"Otherwise, in the end..."

"It's very likely that he picked up the sesame seeds and lost the watermelon."

"Okay!" After listening to Fang Xinsheng's analysis and understanding, Mou Zhengxing felt quite a bit in his heart. After thinking for a while, he nodded and said, "In that case, let's continue to hold positions statically and wait for the market to reach this position." After a brief adjustment, it broke through again."

After finishing speaking, he turned his eyes back to the trading board of the two cities again.

I saw the market trading at this time, and the overall shock pattern is already obvious. Whether it is the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, or the ChiNext Index, they are all in a trend of small-scale shocks that can be significantly attenuated by time-sharing.

Moreover, in terms of market concepts and hotspots, following the explosion of "port shipping" driven by "Yinkou Port", industry sectors such as "port shipping, machinery and equipment, public transportation, and high-speed rail" have begun to occupy a leading position in the market.

However, the previous core industry sectors of large infrastructure such as 'construction decoration, building materials, real estate development, and steel', as well as the industry sector of 'national defense and military industry' have gradually withdrawn from the leading position in the market. After the mid-to-high level correction, they all fell into a situation of sideways oscillation between small groups.

As for the performance of concept plates and concept themes.

In the fields of 'infrastructure' and 'military industry', a group of core concept sectors and conceptual themes that performed strongly before have also withdrawn from the leading position at this moment, while 'Asia-Europe Economic Belt', 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', 'New Era Road , Maritime Silk Road' and other conceptual themes have been squeezed up one after another, becoming the concept sectors leading the rise in the two cities.

"Boss, look at the market trend. The core weight sectors of the two main lines of 'infrastructure' and 'military industry', whether it is the amount of funds they undertake, the sector index, or the trend of the corresponding stock prices, are obviously ebbing!" 11:15 a.m. Min, Yuhang, inside Yuhang Investment Company, in the trading room of the main fund, Wang Can carefully observed the market, and reported to Su Yu at the end of the last 15 minutes before the market closed at noon, "Does this mean 'infrastructure? ' and 'Military Industry', after the two major lines of attack are weak, are they going to be adjusted again?"

Su Yu responded with a smile: "It's not an adjustment, but a further in-depth and logical expansion of the mainline market. In the entire 'infrastructure' and 'military industry' mainline areas, strong stocks maintain strong fluctuations, and weak stocks rely on in-depth expected logic to expand. It is a good thing for us to increase the valuation to catch up with strong stocks."

"after all……"

Su Yu paused, and continued: "There are flaws in the logic of some expectations, or the increase in the valuation of weak stocks with less solid fundamentals will also stimulate and improve the future expectations of strong stocks, which will strengthen the market value of strong stocks. Short-term shock adjustments, after clearing short-term profit-making chips, there is room for further growth.”

"At the same time, the two main logics of 'infrastructure' and 'military industry' have further diverged and expanded."

"It will also further expand the market's money-making effect, and make the basic expectation logic of these two main lines more solid and deep in investors' minds."

"And when investors have a stronger sense of identity with the mainline logic."

"Then don't be afraid that there will be no incremental funds to lift the sedan chair in the future, and continue to stimulate the two mainline markets to continue to break through."

"All in all, the market can rely on the underlying investment logic of the two main lines of 'military industry' and 'infrastructure' to dig deeper into the hype direction of other related themes and concepts, and incorporate more sectors and individual stocks into 'infrastructure' and 'military industry' Within the scope of the hype logic of the two main lines, this is what we hope to see."

"At this time, you don't need to do anything."

After Su Yu analyzed the current market trend, he looked around at the traders in the trading room and emphasized: "Everyone only needs to hold positions statically and wait patiently. ', 'Military industry' core sectors, short-term profit-making fleeing active funds from all walks of life, with collective efforts, we don't need to intentionally interfere with the selected market rotation method."

"Let these active capital groups dig out all the themes that the market can do, and further deepen and expand the market's profit-making effect. After that, after the logical line of the themes is clear, and the corresponding hot stocks in these emerging market hotspots are temporarily filled. After anticipation."

"The final destination of these capital groups will still return to the core sectors of 'infrastructure' and 'military industry' to make concentrated breakthroughs."

"After all, the hype logic followed by the entire market has never deviated from the two core logics of 'big infrastructure recovery' and 'military asset securitization'."

"Hmm!" All the traders in the trading room responded one after another.

Subsequently, under the premise of maintaining the overall volatile trend of the market, the short-term hype sentiment and the market's profit-making effect heated up again before the market closed at noon.

Finally, at 11:30, the moment of closing at noon.

The Shanghai designated index is at 2395.79 points, which basically has not changed much from the opening price; while the Shenzhen Stock Exchange Index and ChiNext Index have maintained a slight decline. From the perspective of the overall trend, it is also a pattern of small-scale shocks.

(End of this chapter)