Rebirth of the investment era

As market trading hours progress.

In the afternoon market performance, the two main industry lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Central-owned and state-owned enterprise reform and reorganization' once again experienced severe shocks. It has become the core popular main line in the market focusing on popularity, emotions and main funds, and has also become the main line sector with the strongest money-making effect in the market.

"Sure enough, in the financial trading market, the principle that the strong will always be strong is universal!"

At around 1:30 in the afternoon, in the main fund trading room of Xiniu Fund Company in Shenzhen Stock Exchange, Mou Zhengxing, who has been promoted to fund manager, stared at the changes in the two markets and said with emotion: "I feel that the active capital flow in the entire market has been completely blocked by 'infrastructure construction'. ' and 'military industry' are two major investment main lines, as well as concepts and industry sectors related to core concepts and themes such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises'. .

The active capital flows of the entire market are completely concentrated on these core lines.

As a result, although the market's trading volume is rising steadily, other main investment lines in the market are completely in the process of continuous blood loss. There is no sustainable market and money-making effects at all, and there is no way to gather popularity and emotions. "

Behind Mou Zhengxing, Fang Xinsheng, who was also observing changes in market conditions, responded with a smile: "This is the power of market consensus expectations!"

"However, now that the sentiment has reached this point, I feel that the market trends on these core main lines will peak in the short to medium term, right?" Mou Zhengxing thought for a while and continued, "After all, if the sentiment and expectations continue to rise, even if the sentiment and expectations are still there, If it can develop further, as the stock price continues to rise, the room for difference in expectations will become smaller and smaller."

Fang Xinsheng nodded slightly and responded: "Indeed, this stage can be regarded as a feast for shareholders."

"Our company's 'Manniu No. 2' fund product has completed fundraising and entered the stage of closed operation." Mou Zhengxing asked, "Mr. Fang feels...where should we start building a position at this time?"

Although he has been promoted to become the fund manager of the 'Manniu No. 2' fund.

However, Fang Xinsheng still holds the position of first fund manager of the company's two main fund products.

That is, the two main fund products, in essence, the decision-making on macro investment strategies and trading operations are mainly made by Fang Xinsheng. His main job is to assist Fang Xinsheng, manage the trading team, and implement the relevant policies formulated by Fang Xinsheng. Investment Strategy.

Fang Xinsheng thought for a while and asked, "What do you think?"

Mou Zhengxing pondered for a moment and responded: "The two main lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform of central and state-owned enterprises' are currently in the hot stage of speculation. High-level concept sectors related to the main line of conceptual themes such as "Restructuring" and its popular concept stocks are definitely not in line with the current position-building goals of intervention."

At this time, several major markets are popular.

Although the sentiment expectations are very hot, the stock price is already in the main rising stage of strong fulfillment of expectations.

At this stage...the stock price fluctuates greatly.

As Fang Xinsheng said just now, this is just a feast for stockholders, not a feast for investors who are chasing highs and buying at this moment.

After all, no one knows how much room there is for these major core lines to rise in this atmosphere of intense emotional anticipation. How far will the stock price rise? When will the huge profit-taking funds gathered in the market carry out large-scale selling and profit-taking, thus putting a huge amount of pressure on the market?

Therefore, big funds intervened at this time.

There is a high probability that in the subsequent market development, you will not make much profit, but will have to bear the risk of huge retracement adjustments.

Furthermore, in this relatively high position with intense emotions, the amplitude of the stock price adjustment is quite terrifying. Sometimes even if you buy the right stock, you cannot withstand the retracement adjustment.

So, take these factors into consideration.

Mou Zhengxing immediately ruled out the idea of ​​continuing to pursue the core main lines of increasing positions when the new fund was establishing a position.

"I think today's changes in the 'Securities' sector are actually quite noteworthy." After ruling out several core and popular main ideas of continuing to pursue the market and increasing positions, Mou Zhengxing continued with a smile, "Didn't Mr. Fang also say that the market is a bull market before? Are the expectations' increasing?

Since the expectations of a bull market in the market are constantly increasing, the expectations of the 'big finance' line will naturally continue to increase.

Today, although the securities sector experienced rapid growth in early trading, it fell back.

However, judging from the direction of the main capital flows within the sector, it can also be seen that in this sector, main funds are continuing to intervene in building positions today.

It’s just that in the market, the majority of investor groups have deep complaints about ‘big finance’.

There are also popular investment main lines in the market such as 'infrastructure' and 'military industry', which suck the blood of active capital groups in the entire market. As a result, there are not so many active capital groups in the market to pay attention to and stimulate the securities sector, and there is no use of them. This sector, driven by the surge of funds, formed a synergistic force and eventually went into a state of shock and decline.

But, anyway.

None of this can deny that the line of ‘big finance’ has certain investment value and future expected logic.

Moreover, it is foreseeable that as long as the current hot sentiment and expectations of these popular main lines decline slightly, and at the same time, as the stock prices of the corresponding core stocks of these popular main lines continue to skyrocket, the difference in expectations will become smaller and smaller, and it will become increasingly difficult to invest. Value for money and hype.

Then a large number of profitable capital groups emerge from these popular main lines.

They will definitely look for new main lines of market investment, make orders, continue to leverage market trends, arouse emotions, and ultimately capture market profits.

And based on my analysis and guess.

The line of "big finance" should be the sector that is best able to take over and succeed these popular main lines in the current market.

Therefore, I think we... can we make a layout in the direction of "big finance" and first get some core high-quality chips?

Of course, in the current market, several popular core lines have not yet reached the point where sentiment and expectations have declined. Huge profit-taking orders have been taken out on a large scale. The difference in expectations is getting smaller and smaller, and the value of speculation and investment is also getting smaller and smaller. When it is not cost-effective, the 'big finance' line will definitely have no market performance.

After all, the size of this line is too huge. It is basically the same size as the "big infrastructure" line.

Such a large mainline volume structure.

In the current situation where several core and popular main lines in the market do not fully release funds, there should be no other financial forces inside and outside the market that can pull up the market of this line. Therefore, even if we plan now, we will probably have to wait for the wind to blow. Only when you slowly come to, or move towards this area, will you be able to realize relatively good position profits.

However, we have only closed the fund product ‘Manniu No. 2’.

According to the rules for investors to invest in our fund products, even if our short-term profit performance is not good and the net asset value will retreat, it is estimated that the problem will not be big. "

"The main line of investment is 'big finance'." After hearing Mou Zhengxing's analysis, Fang Xinsheng said with a chuckle, "It's indeed good, but it's just buying some. I'm afraid I have to wait a little longer."

The amount of funds raised by 'Manniu No. 2' was not large, as the fund products of 'Yuhang No. 4' siphoned off the high-net-worth customer groups outside the market, and the 'Big Finance' line , the market size is huge, and a reversal of the market requires an extremely large amount of active funds to promote it.

At present, most of the active funds in the market are still concentrated in the main direction of "big infrastructure".

And based on Fang Xinsheng’s judgment.

This market trend surrounding "big infrastructure" will obviously continue for some time.

In this way, at this time, there is no need for them to intervene in the 'big finance' line in advance to withstand the weak shocks of this line.

When Mou Zhengxing heard what Fang Xinsheng said, he hesitated for a moment and asked: "Mr. Fang, what you mean is... it would be more appropriate for us to maintain the short position of the 'Manniu No. 2' fund and continue to wait for the buying point to appear?"

Fang Xinsheng nodded slightly and said: "Yes, be more patient and wait for a more suitable buying point. Usually when the main line of the market switches, it will be accompanied by relatively large market fluctuations. By then... there should be a better buying point than now. A more suitable buying point appears.”

"Okay!" Mou Zhengxing thought for a while and nodded.

As long as Fang Xinsheng agrees with his analytical logic and main line investment views, then... he thinks it's okay to wait a little longer until a more suitable market buying point appears.

While the two were conducting in-depth analysis and discussions on market conditions.

Almost at the same time.

Such as 'E Fund, Huarui, Pingyin Asset Management...' and other major public fund institutions.

Especially the main institutions that missed out on the huge profits during the period when the market's mainline market broke out, or that at the current position, the positions are still obviously insufficient.

What to do at this moment.

It is completely different from the smarter and active main capital groups in the market such as 'Yuhang, Zexi, Xinniu...'.

Among them, Pingyin Asset Management Center has the main fund trading room.

Liu Ziliang, general manager of the fund asset management business, saw the two major investment lines of 'infrastructure' and 'military industry', as well as several major conceptual themes such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' The market trends of the main concept sectors and industry sectors have fully entered the climax stage of emotions and expectations, forming a strong support for the main upward trend of the entire active capital group in the siphon market.

In order to recover the major funds, they made huge retracements and operational mistakes on the main line of investing in "technological growth".

We further began to urge the major fund product managers to make use of the new funds that were continuously purchased by off-site investors. At this stage, they continued to increase their positions in these core and mainline popular stocks on a large scale, hoping to maximize their profits. The market profits of these core popular main lines in the main upgrade stage.

"Mr. Liu, our practice of continuing to increase positions at high levels will quickly increase our holding costs, causing our freedom of operation to instantly decrease when the amplitudes of these popular core main lines increase." Fund manager Chen Shen reminded, "I think it is better to control the positions as much as possible, or to arrange the remaining positions in other relatively stagflation main line sectors?"

Liu Ziliang smiled and said: "Manager Chen, considering the transaction, the strategy you proposed is correct, but judging from the current status of the asset management industry and the demands of investor groups both on and off the market, it may not be right. ”

"What...how do you say this?" Chen Shen asked with some confusion.

Liu Ziliang patted his shoulder lightly and replied: "Thanks to the hot market trend of continuous breakthroughs in the market in the recent quarter, as well as the main investment lines of the two major industries of 'infrastructure' and 'military industry', as well as the 'European economy'" The main conceptual themes of "Belt and Road", "New Era Road, Maritime Silk Road" and "Reform and Reorganization of Central and State-owned Enterprises" have generated countless hype, investment opportunities and extremely hot continuous money-making effects.

At present, the entire domestic fund industry.

The enthusiasm of Christians to subscribe continues to rise.

At this time, whichever fund product has a faster net profit increase will be able to siphon the funds of the citizens.

Just look at the upsurge in subscriptions for the ‘Yuhang No. 4’ fund.

Comparing the publicity effect, when everyone's ability to compete in publicity effect is similar, short- and medium-term net profit performance has become the most important indicator for citizens to choose fund products.

This is a rare purchase boom for the entire industry to pick up rapidly!

At this time, if we do not seize this opportunity and attract as many off-site investors as possible to the fund products we manage, then we will be instantly surpassed by other similar competitors in terms of asset management scale, or even be pulled behind. Keep distance.

So, in order to maintain high competitiveness at this time.

On the premise of fully increasing the net profit value of the fund, we have to sacrifice some risk control restrictions on transactions.

Of course, in fact, according to the current market sentiment and expected changes, there is no big problem in choosing a relatively aggressive position and trading strategy.

Our agency is currently engaged in the two major industry main lines of 'infrastructure' and 'military industry', as well as several popular concepts related to the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' The volume of stock positions is not as large as that of the major funds of the 'Yu Hang Group'.

Moreover, although we are increasing our positions aggressively.

However, with the crazy subscription behavior of investors outside the market, more and more funds are flowing into our fund products.

In fact, the more we increase our positions, the less fundamental changes there will be in our fund’s overall positions.

besides……

Discussing the main market changes in the current market, as well as the future expectations of major investment main lines and their ability to guide the market.

At present, the two main lines of 'infrastructure' and 'military industry', as well as the main lines of concepts such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', are still unquestionable in the market. The strongest main line of speculation, there is no trace of switching in the main line of market investment, and the capital flows gathered in these core main lines are still increasing and converging, I think the risk of trading is not great.

Isn’t there a saying that is often said?

The best defense is offense.

At this time, we are doing our best to create profit margins, do our best to increase the net asset value of our institution's main fund products, and increase the size and scale. This is the most important thing for the development of our institution! "

When Chen Shen heard Liu Ziliang's words, he was obviously stunned for a while, but he had to admit that in public funds, scale is indeed more important than performance and transaction risks.

At this time, countless large institutions in the industry.

They are all launching new products, or crazily promoting main fund products to attract outside investors to subscribe.

They are under such competitive pressure and there is no reason why they should not do this.

"Okay, Mr. Liu, I understand." After a moment of silence, Chen Shen nodded and stopped talking.

Liu Ziliang saw that Chen Shen could understand the overall direction and know what was light and what was heavy. He couldn't help but smile and nodded. He continued to pat his shoulder and left the main fund trading room.

And with his departure.

The market trading time begins to enter the late trading stage after 2 pm.

The "securities" sector, which has been weak during the session, has fluctuated and fallen. At this time, the volume has once again exploded higher. The signs of large capital inflows have become more and more obvious. The momentum is like a rainbow, siphoning the entire market's active capital groups, and it continues to break upward. There are hundreds or thousands of concept stocks in the main areas of "Infrastructure" and "Military Industry", as well as "Eurasian Economic Belt", "New Era Road, Maritime Silk Road" and "Reform and Reorganization of Central and State-owned Enterprises".

The corresponding fringe concept stocks are obviously experiencing greater market pressure at this moment.

On the market, the selling of large orders has increased significantly!