Rebirth: The Financial Giant

Chapter 661: [U.S. bond yields inverted, global markets frightened]

The news of Lu Ming going to the countryside for a field trip was on the news on Saturday the next day. Some media began to report on this matter, and a short video of him in Shantang Village began to circulate on the Internet. Among them, the most broadcast and disseminated was A video of him having lunch with a group of villagers in Shantang Village.

When eating, there is no ambiguity at all, and you really do as the locals do. When you eat by yourself, you don’t forget to let the big guy move the chopsticks, and there is no air at all. Netizens who eat melon have ridiculed that most of the big guys are tired of eating mountain delicacies and sea food. Occasionally eat some farmer’s food Home-cooked food is fresh.

In the video, Lu Ming was sitting at an eight-seat square dining table with several village cadres, villagers, and Yang Gu. Those who didn't know it would definitely think that the most important figure in this dining table was Yang Gu.

On Saturdays and Sundays, Lu Ming continued to conduct field investigations in the counties under the jurisdiction of Ningzhou. He traveled to six counties and districts in three days, and related news was released continuously in the past two days.

It is quite rare for a big guy like Lu Ming to go to the countryside to investigate and investigate in person, regardless of how big Tiansheng Capital is. This shows how much he attaches importance to it. Naturally, he has also attracted the attention of the capital market. , there is no reason not to pay attention to rural revitalization, there must be opportunities here.

After the three-day inspection, Lu Ming also returned to Ningzhou City. He personally went to the front line to conduct research. He probably had a spectrum in his heart. After all, this time it was not just a county, but expanded to a city-level unit. The "County Model" is the key first step in implementing the three-step strategy nationwide and must be given enough attention.

Lou Yiyun has not been idle in the past few days. The increased budget for Zeng Hong's research team has been put in place. In the following days, Zeng Hong's team will further conduct in-depth research in major counties.

Before the official implementation of the "Qixian Model", it is necessary to obtain the actual situation in various places, so that we can truly carry out relevant work according to local conditions and circumstances.

...

At around 11 o'clock in the evening, Lu Ming, who had just come out of the shower, leaned on the bed and opened the market software on his laptop to check it out. He had been doing fieldwork in the countryside for the past few days. .

Lu Ming glanced at it. Generally speaking, the market on Friday can be summed up in two words: toss.

The opening of the big A and the two cities was mixed. In the early trading, all the way down, the Shanghai index fell to the lowest point of the day at 3065 points, and fell below 3100 points again.

In the afternoon, it oscillated all the way back up and pulled up, the broader market recovered 3100 points, continued to dive and pulled up in the late trading, and there was panic in the intraday.

As of the close, the Shanghai Composite Index rose +0.09%, the Shenzhen Component Index rose +0.10%, and the ChiNext Index fell -0.59%.

Lu Ming switched to Qiming Fubon, a single stock, and focused on it. This target has already been dealt with by Feng Xiao, and it is necessary to do a good job in market value management.

Qiming Fubon stepped out of the fourth one-character board on Friday, and its share price hit a new high of 8.92 yuan, with a total market value of up to 26.76 billion yuan. The number of investors who won the lottery for this stock has also doubled today.

However, on Friday, Qiming Fubon's fourth one-character board was not sealed until the close. Due to the intraday panic caused by the jumping up and down of the broader market, those who held Qiming Fubon began to sell, which had already doubled. Profit, this sale will trigger everyone to sell together.

As of the close, Qiming Fubon's stock price closed at 8.53 yuan, up +5.23%, out of a high false negative K line.

The sell orders to sell this stock on Friday were basically followed by Feng Xiaocheng, and the initial entry intervention was realized, and 30% of the hands were changed.

After the close of the day, the investors who sold the stock were satisfied, and at the same time felt that the ticket had come to an end. Qiming Fubon represented the interests of the vast majority of people. Conversely, it meant that the profits would not be too large. One is not a growth-oriented company. Most of the rounds of rising new shares are a long road to yin and slumping. It is enough to double and leave.

But on weekends and weekends, the news that Lu Ming personally went to the countryside for field trips came out one after another, and some of the people who sold it regretted it again. The concept of rural revitalization can continue to be hyped, but it has been sold, and it can only be used by the main force. goods to comfort themselves.

Lu Ming switched from the big A to the external market and looked at it, only to find that the external market fell across the board on Friday, the Dow fell -1.77%, the Nasdaq fell -2.50%, the S&P 500 fell -1.90%, the European stock market fell on the same day It also fell across the board. FTSE in the United Kingdom fell -2.01%, CAC fell -2.02%, Brent crude oil fell -1.15%, and gold futures fell -0.30%.

The key factor leading to the slump in external markets is that the yield on the 3-month and 10-year U.S. Treasury bonds has inverted again since July 2007.

In financial markets, Treasury yields are basically equivalent to benchmark interest rates.

It is unsustainable for short-term treasury bond yields to be higher than long-term treasury bonds. In this case, either short-term high interest rates inhibit economic growth, or the potential for long-term economic growth cannot support short-term high interest rates.

More importantly, lower long-term interest rates indicate that investors are pessimistic about long-term economic growth, while higher short-term interest rates will have a negative impact on the current economy.

The same is true. According to historical data, the inversion of U.S. bond yields often leads economic recessions and stock market adjustments. North America is the leader of the global economy. As soon as the inversion of U.S. bond yields occurs, U.S. stocks and even global stock markets are frightened. Down.

It is basically foreseeable that there will be basically no big A opening tomorrow. After all, big A has always followed the decline but not the rise, unless a super main force like Tiansheng Capital stands up and spends real money to support the market, but obviously it will not do so, Tiansheng Capital's funds are not blown by the wind.

While Lu Ming was reading the news of the past few days, Xiao Anan entered the bedroom and closed his laptop and threw it aside.

"When I came back, I yelled that I was so tired that I didn't want to walk, so I won't be tired now?" Lu Ming turned his head to look at the notes he swung aside, and then looked back at her eyes, Xiao Anan said with a mischievous smile, "Yes, So I don't want to move..."

After a moment of silence, Lu Ming saw that it was getting late, and he definitely couldn't avoid this situation, so he didn't leave the ink, just finished his work and went to sleep, and he had to go to work tomorrow.

Been busy lately.

...

Monday, March 25.

In the morning, Lu Ming arrived at the company's office, and the latest report materials handed by Feng Xiaocheng had been placed on the desk.

I sat down at my desk~www.readwn.com~ picked up the report and looked at it, mainly looking at the relevant materials of Qiming Fubon, Feng Xiaocheng had officially intervened in this target from the secondary market last Friday, and received 2 billions of goods.

Qiming Fubon has just been listed, and it is also the first listed company under the Qixian model. It has to make money and make the capital market shine. Market value management must be done. Before this, Tiansheng Capital basically did not do market value management. The stunned fact is that it is also the market value management of the entire Big A. After all, the volume is there.

Lu Ming read the meeting materials and put them aside, then opened the market software.

At this time, the call auction came out at 9:25. Last Friday, the peripheral market plummeted across the board. Because the time difference was no longer within the trading time, Big A temporarily escaped the catastrophe.

But it turns out that it was really only temporarily escaped. A shares also ushered in a sell-off today, and the call auction will directly kill, which is to lie down and not resist.

The three major indexes gapped and opened lower. The Shanghai index plummeted by -1.46% at the opening of the auction, falling below the 3,100-point integer mark. There are ghosts to live.

...

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