The investment era of rebirth

Chapter 593 The bull market came earlier than expected ([-])!

I saw the emotional brewing at noon and the influence of market news.

As soon as the two markets opened, the entire market continued to explode rapidly, and the Shanghai Stock Exchange Index once again quickly broke through the 2520-point barrier.

At the same time, the two main themes of 'infrastructure' and 'military industry', as well as the main concepts of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Restructuring of Central Enterprises and State-owned Enterprises' are further absorbing a large number of market After the main funds, its driving effect on other traditional sectors of the market has gradually become prominent.

At 1:15, the 'Big Finance' sector surged further upwards.

Banking, securities, and insurance, the major industry sectors, all rose by more than 1.5% within a day, completely keeping up with the rise of the Shanghai Stock Exchange Index.

At 1:25, there was a strong change in the sectors related to "big consumption". Conceptual sectors such as white goods, food, and liquor saw a sharp rise in the market.

At 1:35, the non-ferrous metals cycle, coal, and petrochemical sectors also began to move significantly, stepping out of the obvious weaker sectors to make up the market.

And when these traditional fields are driven by several core main lines of the market.

Its internal core weight stocks.

Such as Qianzhou Moutai, Shenhua Coal Industry, Huaguo Petroleum, as well as major heavyweight banking stocks, securities stocks, and insurance stocks, have also exploded and pulled up.

At the same time, these traditional sectors are driven by several core main lines of the market one after another.

In the past, it deviated relatively from the trend of the Shanghai Stock Exchange Index, and the main line of "technological growth", which has been in a weak adjustment, is also rapidly exploding at the moment.

That is, the source of huge amount of funds for several core main lines of the market.

It does not come from other mainline sectors of the siphon market, but it does come from the fact that the Shanghai Stock Exchange Index broke through 2500 points. After opening up bull market expectations and rising space, a large amount of new incremental funds flooded in following the trend, and only a large amount of new incremental funds The influx of stocks can fully undertake the market situation at this moment, forming a situation where the market is generally rising in an all-round way.

"Boss, today's market trend is crazy!"

At 1:42, when the Shanghai stock index exploded again and set a new intraday high of 2527 points, Wang Can, inside Yuhang, Yuhang Investment Company, and in the trading room of the main fund, watched the overall general rise of the entire market, as well as the entire stock market. The market was close to the trend pattern of 80% of the stocks in the red market. The whole person was very surprised and exclaimed: "It's really a strong breakthrough trend. The whole market...all sectors are rising."

Su Yu stared at the market and said with a smile: "When the mood and expectations of the entire market begin to change, this is the real explosive power of the market. Just watch... This is just the beginning. After the stock index breaks through the shackles of 2500 points, the follow-up will start." It is the real main upward trend of the market.

Of course, the full-blown market trend at this moment did not come out of thin air.

If it weren't for the previous two months, the stock index's small steps forward, the accumulated market's continuous profit-making effect, and the two main lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Sea The future expectations and investment sentiment of the core concepts of the Silk Road and the reform and reorganization of state-owned enterprises have gradually deepened and fermented, and the investment confidence in the entire market has changed.

Today's market breakthrough is estimated to be variable.

Judging from the hot scene of many investment markets outside the market, in fact, is the market short of funds?No shortage.

What is really lacking is the investor confidence that has long since been wiped out during the 6 or 7 years of bear market sinking in the market.

Now, with the continuation of the money-making effect of these major market lines, and the continuous positive stimulus from the regulators at the macroeconomic level.

This market confidence, which is more precious than gold, has finally begun to fully recover and reverse.

When the market has confidence, then...all the previous pessimistic expectations will quickly and gradually turn to optimism, and when the expectations are fully optimistic, then the overall valuation of the market that was severely suppressed before, and the investment logic that was not taken seriously before will become Under this optimistic expectation, there will be a great improvement.

At the same time, there was a pick-up in sentiment due to a reversal in expectations.

Stimulated by the strong money-making effect of the market, those funds that were idling outside the market, as well as other venture capital funds, will quickly participate in and further undertake the market conditions.

foreseeable……

Subsequent market volume can explode and become more rapid.

The overall volume of the market can increase the trend, and it will become steeper, and the slope of the market trend will further increase. The bull market we are looking forward to is gradually approaching! "

"It is indeed possible to feel that the entire market trend ecology is changing rapidly." After Su Yu analyzed the market, Li Meng responded, "At the same time, the traces of the rapid increase of capital in the market today are really visible to the naked eye. It's not yet 2 o'clock in the afternoon. The daily turnover of the Shanghai Stock Exchange Index has exploded to 1200 billion. This was completely unimaginable two months ago. The amount of funds is at least more than 300 billion, right?"

"My God, an increase of 300 billion in one day!" Wang Can couldn't help exclaiming again with excitement.

Su Yu smiled, his face was normal, he looked around everyone, and thought to himself: "What is the incremental capital of 300 billion? After a few months, the market turnover of trillions at every turn will be shocking."

However, he thought about it in his heart, and he definitely wouldn't say it.

"Master, today's market has exploded, apart from the two main lines of 'infrastructure' and 'military industry', as well as the core concepts of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises'" Outside the mainline, other traditional mainline areas are also in a situation where incremental funds are fully involved.” Liu Yuan paused and said, “The ‘big finance’ field you mentioned earlier is also changing very frequently today. There are a lot of main funds involved.

Our current main positions are all on the two main lines of 'infrastructure' and 'military industry', as well as the main lines of the core concepts of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises'. It's a pity that we can't stretch the investment front too long! "

Now that the market has broken through in an all-round way, and the Shanghai stock index has broken through the shackles of 2500 points without hindrance.

Then, under the circumstance that the market bull market is expected to become stronger and stronger, the "big financial" sector, which is the vanguard of the "bull market", will definitely have investment opportunities.

Now, their main positions are unable to move and switch.

At the same time, the two major themes of 'infrastructure' and 'military industry', as well as the main concepts of the main lines of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Restructuring of Central Enterprises and State-Owned Enterprises' are currently rising. It has almost just begun, and it is impossible to switch positions at this time.

This made Liu Yuan feel really sorry.

At the same time, I suddenly realized that the company's main funds, despite the scale of asset management, have now officially broken through the 500 billion mark.

But it seems that she feels that in the face of the approaching bull market, she still feels that the funds are not enough.

"No need to regret it." Su Yu smiled and said, "Our company's fourth main fund product is already in preparation, and the scale of fundraising this time will be significantly improved.

At the same time, we have completed the acquisition of the 'Anzhao Fund' company.

Although the current asset management scale of this fund company is not large, under the semi-open trading rules, its fund scale continues to skyrocket.

This can give us more opportunities for mainline layout.

Let us get ample opportunities for chips at the bottom as the bull market is getting closer and closer. "

And the moment Su Yu mentioned the 'Anzhao Fund' company.

At this moment, in Yuhang, inside the company of 'Anzhao Fund', in the trading room of the main fund, a group of traders are surprised at the market trend of a comprehensive breakthrough.

Faced with several main fund products of the company, the scale increased by more than 1% in one day.

Originally, they were already at the absolute level of heavy positions, but now due to the rapid increase in scale, the position has become less than 50%. The whole person's heart is both excited and shocked.

"Boss Qin, our scale has skyrocketed to almost 120 billion." Zhou Hui, the trading team leader, said with emotion, "With such a large volume, the positions of our several funds are significantly lower than the industry average. ...I'm afraid I have to further change my trading strategy and continue to increase my position!"

Qin Qiuyue watched the automatic reduction of positions after the increase in the size of the fund, with a smile on her face, she had never felt so complacent, smiled, and said: "It is true that we have to change our trading strategy, but 'infrastructure' and 'military industry' The two main lines, as well as the main line directions of the core concepts of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Restructuring of Central Enterprises and State-owned Enterprises', the current position is a bit high, and there is no suitable entry point. At this point, it seems that it is not appropriate for us to chase high at this position.

Also, since our company has been acquired by 'Yuhang Investment'.

Then if the main fund products of our fund continue to invest heavily in the same investment direction as the main funds of the 'Yuhang series', I am afraid that the risk of their positions will become prominent.

In case, there are any breakthroughs in the two main lines of 'infrastructure' and 'military industry', as well as the main lines of the core concepts of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises'. What about the sudden bad news?
Several fund products of our parent company, the 'Yuhang Department', have a huge advantage in holding costs.

They can adjust without fear, but we can't.

Therefore, although it is necessary to change the investment thinking, change the current trading strategy, and continue to increase the position of the fund, the specific direction of increasing the position...

I'm afraid we'll have to discuss it again. "

Zhou Hui still agrees with Qin Qiuyue's thoughts. After thinking about it, she responded: "If we can't continue to increase the two main lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt' and 'New Era Road, If the core concepts of the Maritime Silk Road and the reform and reorganization of state-owned enterprises are the main lines, then we can only invest in other main lines. The current market has strong market main lines.

In addition to the two main lines of 'infrastructure' and 'military industry', as well as the main concepts of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Restructuring of Central Enterprises and State-owned Enterprises'.

Only the directions of 'technological growth', 'big finance' and 'big consumption' should have the core medium and long-term investment logic.

If we want to increase the layout of the warehouse, I think it is better to mainly consider these three directions. "

"Technological growth, big finance, big consumption..." Hearing Zhou Hui's words, Qin Qiuyue pondered for a while, and said, "The line of 'technological growth', although there is still a medium-to-long-term investment logic, and 'mobile Internet', The 'smartphone industry chain' market is still on the track of rapid expansion.

However, its internal bargaining chip structure is not good, and its valuation is also the highest in the entire market, even generally higher than the 'military industry' sector.

In addition, the main funds in this field are still flowing out, and the trend is relatively significantly weaker than that of the broader market.

This shows that although its investment logic is not bad, the current valuation level and current expectations cannot be unanimously recognized by the main funds in the market.

At the same time, the overall main line style of the market is currently concentrated in the direction of the main board.

A series of growth stocks in the GEM and small and medium-sized boards always feel that they lack some emotion and investment confidence.

Therefore, we will not consider the line of 'technological growth' for the time being. "

Zhou Hui nodded and said, "Then there are only two main lines of 'big finance' and 'big consumption'. Mr. Qin thinks it's better for us to favor consumption or finance."

Qin Qiuyue pondered: "'Big consumption' follows the expectation of macroeconomic recovery and the main line logic of boosting domestic demand. This logic...at present, it is still relatively hazy. At the same time, the certainty of economic recovery is obviously not as good as that of macroeconomic recovery. The main line of "big infrastructure" that is continuously stimulated by policies.

In contrast, the main line of 'big finance'.

In the market bull market expectations are getting stronger and stronger, and at the same time, the market turnover has also begun to rise steadily.

As the core force of the domestic asset management system, whether it is a securities firm, a bank, or an insurance company, there should be an expectation of a performance explosion. At the same time, under the optimistic expectation, its valuation will also increase.

Compare the two main lines of 'Technology Growth' and 'Big Consumption'.

Relatively speaking, the investment logic of the main line of "big finance" should be clearer and more certain.

Zhou Hui, what do you think? "

Zhou Hui responded with a smile: "I agree with Mr. Qin, and I also think that this is the right time to deploy 'big finance', and the current valuation of the 'big finance' line in the market is quite low. , there is expected certainty in the future, and there is an extremely low valuation as a risk basis. At present...the entire market, if a large amount of money is invested, there is no more suitable investment field than this main line."

"In this case..." Qin Qiuyue said with a smile, "then there is no need to hesitate!"

After finishing speaking, she was about to give the traders an order to increase their positions and buy, when the phone came to mind.

Seeing that it was Su Yu calling, Qin Qiuyue hurriedly connected the phone. Before she could speak, Su Yu was on the other side of the phone and asked her what she thought of the main investment line of 'big finance', and did she plan to ask this line? The idea of ​​investing in the mainline Masukura layout? "

(End of this chapter)