Rebirth of the investment era

At the same time, the declines of the Shenzhen Stock Exchange Index and the ChiNext Index also expanded instantly, and they all exceeded the 1% decline mark.

Various other popular main line concepts, such as 'infrastructure', 'state-owned enterprise reform', 'Internet finance', 'Shanghai Free Trade Zone' and other main line areas, as well as their related industry sectors, concept sectors, and numerous core component stocks, At this moment, it also encountered panic selling from all parties in the market, and the declines expanded one after another, and continued to lead the decline in the two markets.

At 10:25, the Shanghai stock index's decline expanded to 2%, touching 2250 points, and the GEM index's decline expanded to 5%. Among them, except for Beixin Road and Bridge, Beijiang Communications Construction, Shanghai Sanmao, and Shanghai Construction Engineering, there were many popular stocks In addition to leading stocks falling to their daily limits, popular stocks such as Oriental Fortune, Huaxin Cement, and Bayi Steel also began to hit their daily limits. The total number of stocks in the two cities that fell to their daily limits exceeded 30.

At 10:31, after one hour of market trading, the Shanghai Stock Index started to rebound briefly from the bottom of the intraday panic sell-off, which was around 37 points. The banking sector in the 'big financial' field was still Not only did it become the only one among all the industry sectors in the two cities to see an increase in the red, but at the moment when the index experienced a brief intraday rebound, it quickly rose again, with the increase exceeding 5%.

Among them, the core component stocks in the banking sector, such as China Commercial Bank, China Minsheng Bank, Ping An Bank, Shanghai Pudong Development Bank, etc., all increased by more than 1%, and on the market, the main players with large buying orders of 10,000 lots continued to buy, guiding As market hedging funds have flowed into this area on a large scale.

Of course, at the same time, 'infrastructure', 'state-owned enterprise reform', 'Internet finance' and other popular main areas that led the decline in the two cities, a number of popular stocks that suffered heavy declines also temporarily ushered in a large number of speculative funds to buy the bottom, and the decline has recovered. shrinkage, and there are also signs of temporary amplification of energy.

At 10:46, the Shanghai stock index fell back to about 2%. The stocks of 'Oriental Fortune, Huaxin Cement, Bayi Steel, Kumho Group' and other stocks that had already dropped to the limit were opened to the limit by many speculative funds, and the decline also followed. It retreated quickly and returned to the decline range of 7% to 9%.

At 10:57, the decline of the Shanghai Stock Exchange Index fell back to less than 2%. Following the banking sector, securities and insurance also began to rise. The entire "big financial" field began to lead the gains in the two markets.

At 11:01, half an hour after the market entered late midday trading, the rioting "big finance" encountered extreme selling, and the indexes of various related industry sectors began to fall one after another.

At 11:05, after 'big finance' encountered heavy upward pressure, many hedge funds withdrew from core main areas such as 'infrastructure', 'state-owned enterprise reform', 'Internet finance', and 'Shanghai Free Trade Zone' Funds began to flow into the consumer and pharmaceutical fields in large quantities.

At 11:06, the liquor sector moved, and Qianzhou Moutai surged.

At 11:07, the white goods consumption sector surged sharply in a short period of time. The stocks of the two major white goods companies, Gree Electric Appliances and Midea Electric Appliances, surged and rebounded from early intraday losses.

At 11:08, innovative drug stocks and vaccine stocks in the pharmaceutical field recovered sharply from losses and rose.

At 11:10, while the "big finance" field was generally declining, the "liquor", "white goods" and "medicine" fields were rapidly rising, attracting a large inflow of risk-averse funds from all walks of life.

At 11:15, ‘consumption’ and ‘medicine’ replaced ‘big finance’ and became the protagonists of the market, attracting the attention of investors.

At 11:20, after the Shanghai Stock Index retracted to a maximum decline of 75%, the upward attack was weak.

At 11:26, the Shanghai Stock Exchange Index fell back. Within a few minutes, the decline once again expanded to 2%, and the differentiation between various industry sectors and concept sectors in the market became increasingly obvious.

I saw that the indexes of core industry sectors and concept sectors related to the main lines such as 'Infrastructure', 'State-owned Enterprise Reform', 'Internet Finance', and 'Shanghai Free Trade Zone' almost fell back to near the lowest point in the session. , many related core popular stocks also fell back to intraday lows under the continued selling of large amounts of funds.

It can be said that a number of stocks in several core main areas are experiencing panic on the trading market.

Not only did it not weaken, it actually expanded.

The 'big financial' field, which had performed extremely well before, has shown its decline after the banking sector drove the rise of securities and insurance. It has lost its upward momentum. At this time, it has almost fallen back to near the flat market, and the stocks of each component have fallen sharply. On the trading board, selling power once again gained the upper hand.

It is traditional hedging areas such as consumption and medicine that have not performed well before.

At this moment, it replaced ‘big finance’ and became the number one target for hedging funds in the entire market. It also became the area with the largest net inflow of main funds and the strongest trend in the entire market.

11:29, the last minute of the market approaching midday.

Almost no one paid attention to the two cities. The 'military industry' field, which had been abandoned countless times by the main funds of all parties in the market, suddenly changed, especially the 'China Airlines Series' stocks, as well as 'military-civilian integration', 'military industry reform', etc. The concept sector almost instantly fell into deep water and was pulled up to the flat market or even the red market stage.

Immediately afterwards, there was a sudden change in the field of ‘military industry’.

The market time slides to 11:30, the market conditions of the two cities are frozen, and the market enters the midday suspension time.

Facing the trend of the market in the last hour before noon, the panic and bearish sentiment in the entire market has somewhat subsided. At the same time, everyone is concerned about the frequent changes in 'big finance', 'consumption', 'medicine' and even the 'military industry' that changes at the last moment. 'As for the main lines that performed well, attention began to rise rapidly.

"The dishes this morning were too chaotic, weren't they?"

After the market closed at noon, while the broad investor group in the market was intensely discussing the morning trend, everyone in the main hot money group of Yuhang where Su Yu was located was also quite excited.

"From banks to liquor, to white goods, medicine, and finally to the military industry, judging from the attack paths of major funds, these hotspots indeed look chaotic, and it is difficult to say there is any continuity."

"The field of 'big finance' is definitely not sustainable, and this can be abandoned."

"Although major funds from various parties have entered the hedging fields such as liquor, white goods, and medicine this morning, the market support logic in these fields is based on performance. In other words, these stocks all belong to traditional industries. It is difficult to There’s no story to tell, and there’s definitely doubt about continuity.”

"On the other hand, the 'military industry' field that finally changed at 11:29 is worthy of attention!"

“The ‘China Airlines’ stocks in the ‘military industry’ field have collectively moved. Is this a news change?”

"The market trend of the 'military industry' sector has always been driven by news and emotions. With this sudden rise, I also feel that there has been a change in the news."

"What changes can be made? What other stories can the 'military industry' tell?"

“There are quite a few stories, but I don’t know if the majority of retail investors in the market at this time, as well as the main funds from all parties, are willing to listen.”

"I am afraid that it will be difficult to leverage the market conditions of the 'military industry' sector with non-conclusive major positive news."

"Unless there are any changes in the macroeconomic line of 'military industry reform', there is a lot of risk in...hyping up this field at this time."

"Inquire about the news and then check it out in the afternoon!"

"Yes, at this time, watch more and act less. Today, a lot of the main funds relaying on the main lines of 'infrastructure', 'state-owned enterprise reform' and 'Internet finance' have been robbed!"

“Hey, let’s not talk about others, I just liquidated my position and lost 5 million, that’s it!”

"What did you buy that you lost so much?"

"When we were building the floor and ceiling, I connected a little bit with Beixin Road and Bridge, and so on... and then it hit the limit twice in a row. It was extremely unlucky."

"Well, that's really bad luck."

"Looking at today's situation, in the market, hot money from all walks of life is actually not in a high mood to attack."

"There is no sustained profit-making market expectation. In a market like this, it's strange that the mood of various funds to attack is so high. I'm thinking about it, should I go short?"

"Go short! To be honest, I didn't expect the market to collapse so quickly."

"I also think it collapsed too fast. According to my expectations, I thought the market would be in the range of 2300 points to 2400 points, hovering for a period of time. At least... there should be a sustained rebound. , but the result...the rebound ended in one day.”

"The two main concepts of 'infrastructure' and 'state-owned enterprise reform' have completely collapsed!"

"It feels like it has fallen even worse than before the news of the IPO resumption was announced. I have no idea at all. Is this trend in the market going to accelerate the bottom?"

"Should we go back to 2200 points quickly?"

"Hey, I think 2200 points may not be able to sustain it."

"Hey, at this stage, it's better to be cautious. I don't plan to do anything about the unusual changes in the 'military industry'."

"In the current market, there are no safe relay targets. There may still be targets with a certain premium. There are only a few stocks that are good for resumption of trading at the top of the two cities' growth lists. However, those stocks basically have unlimited daily limits. Even if If you place an order, you will most likely not be able to buy it.”

"I'm not saying...just look at it, the two core main lines of 'infrastructure' and 'state-owned enterprise reform' cannot afford it, and the market conditions on other branches are simply impossible to continue."

"If the reason for the change in the 'military industry' is the favorable direction of the 'military industry reform', can it be used to leverage the entire main line of 'state-owned enterprise reform'? After all, 90% of military industry enterprises are state-owned holdings. 'Military industry reform' 'Basically equivalent to 'state-owned enterprise reform'."

"From a logical point of view, it can be understood this way."

"However, the specific market performance still depends on the recognition of the relevant investment logic by the broad investor group in the market, and in which direction the overall market sentiment is. Only the broad investor group generally agrees with the hype logic, and the overall bullish sentiment in the market is not If it is bad, it is possible to form a resonance and produce a relatively large and sustainable market!"

"So...these two conditions are not mature!"

"That's why I say that in the field of 'military industry', it is too difficult to really leverage the market and reverse the trend, and it is not worth participating in."

"Without the traction of the two main lines of 'infrastructure' and 'state-owned enterprise reform', today's main funding directions in the market are like headless flies. As the market's bullish sentiment declines, future investment confidence declines." , The market’s capital capacity has been continuously weakening, and now the main forces of all parties actually want to attack multiple aspects and disperse the funds across the board. With such behavior...it’s a damn thing that the market has a sustained market trend.”

"Yes, you can't be careless here. Although the index has dropped by almost 10% from 2,500 points to now, there is a high probability that you will be deeply buried if you buy the bottom without thinking."

"Follow the trend. When Su Yu's 'Fortune Road' is fully sold, I won't take over the high position anyway."

"I have a short position and will enter the market when the Shanghai Index is sure to stand firm at 2,200 points, or when the market continues to shrink to the bottom and has nothing to fall."

"There is no sustained market trend and scattered hot spots, which is a temptation to bully."

"You have to learn how to short positions. How many self-proclaimed masters have died by buying the bottom?"

"Let's look at the market's core indicator stocks. I guess it should be almost done once 'Beixin Road and Bridge' completely falls."

"Taken together, the market performance this morning shows that there are no main areas or targets that are particularly worthy of intervention. You still have to wait patiently!"

In the entire group, messages are refreshing rapidly...

All the hot money in the market are not very enthusiastic about participating in the market, and most of the hot money is still mainly bearish on the market. Even a small part of the hot money is not so strongly bearish on the market and is willing to invest in this market. Not many people participated in the market relay at that time.

Overall, the entire market.

At this moment, no matter retail investors, hot money, or institutional groups, everyone’s trading perceptions are extremely cautious and pessimistic.

At the same moment, within Yuhang and Yuhang Investment Company, in the fund trading room, Su Yu, who had just returned to the trading room after eating, had already received feedback from Lin Antu, director of the company's market intelligence department.

"The path of 'military industry reform' and 'military industry enterprise asset securitization' has finally arrived." After reading the news fed back by Lin Antu, Su Yu felt slightly relieved and said with a smile, "It couldn't have come at a better time. At this stage, it is just right for us to build a large position in this area."

"What news?" Li Meng asked.

Su Yu replied: "According to internal information, domestic military industry enterprises will imitate the macroeconomic line of 'state-owned enterprise reform' and carry out a wave of reforms and adjustments. The slogan is 'strengthening the army and strengthening the country', but in practice, it will be the military industry enterprises." Mergers and reorganizations of the same business, and asset securitization of military industrial enterprises.”

"These are the two concepts you mentioned before!" Li Meng's eyes were bright and he looked quite excited. "Is the news accurate?"

Su Yu responded with a smile: "Director Lin's news has a very small chance of being wrong."

"No wonder many stocks in the 'military industry' sector moved so obviously when the market closed at noon." Li Meng reacted, "Sure enough, there has been a change in the news."