The first debate of the Mimura election has come to an end, and it is no surprise that you want to ask what the outcome is... Sichuan Jianguo is ahead by a large margin, but it is not necessarily necessary to say how good Jianguo's performance is, it is really not good for Dengzi's spiritual head, although there are no major mistakes, but the overall performance is not in the state.
Last week, there was also curiosity as to why the debate had new rules, not only did there be no audience, only a pen, a piece of paper and a bottle of water were provided, no props were allowed, and no interjection was allowed during the debate.
In fact, if you look through the video of his two debates four years ago, it is much more exciting than this time, the two of them kept spraying each other on the spot, and the scene almost fell into chaos for a while... At that time, Dengzi also maintained the dignity of an old white male elite, not only thinking clearly, but also being able to fight back from time to time by taking advantage of the mistakes of the founding of the country.
Now that the two masters are 160 years old, Dengzi let me really see the true state of the old man, talking stumbling and repeating words. On the other hand, the founding of the People's Republic of China has a lot of energy, and although there are only a few words in the car, there are not a few that can be found on Capitol Hill even after spraying for an hour without power outage.
This time, the topic touched on abortion, immigration, finance, inflation, economic growth, climate change, geopolitics and many other hot topics. However, most of it is a cliché and does not touch on other incremental policy elements, and it is interesting to note that China is not highlighted.
After the debate, the people of Mimura estimated that they were very sad, anyway, the ridicule on TikTok was very exciting, and friends with conditions could go and see for themselves. Now that these two old men are being pushed out for election, the two parties can only pinch their noses and admit it.
Of course, for us, the wind of public opinion must still be "we have won hemp"...
......
At the end of the first half of the year, I believe that many people outside have statistically relevant data, so let's start from other perspectives.
1) Let's look at Figure (1) first, which clearly reflects the intensification of the differentiation of large and small caps in the first half of the year. Broad-cap indices such as the Shanghai Composite 50 and CSI 300 rose. The CSI 2000, which represents small-cap stocks, fell sharply by -23.28%, and the average share price fell by -22.89%.
2) On the basis of Figure (1), continue to look at Figure (2) and (3), by industry, banks, coal, public utilities, household appliances, and oil are among the top gainers; In terms of market capitalization, the market value of more than 500-100 billion led the rise, and the market value below 5 billion fell the most.
3) After China Mobile's market value surpassed Moutai last year, this year's market value champion changed hands again, and ICBC continued to maintain the first position in market capitalization. In the list of individual stock gainers, low-altitude economy and computing power bull stocks are piled up, and Zhengdan shares won the first place in the first half of the year.
In other words, there may be a lot of disagreement, such as AI as the main overseas mapping is still the main line (although there are many fewer brothers who can drive); There is also the most surprising scumbag sector, semiconductors are not so scumbag, and even rose to consumer electronics (pulling out the illusion of cycle reversal).
But I think the only thing that is not controversial in the market is two:
1) Changes in market capitalization. In the first half of the year, small-cap stocks experienced the risk of quantitative micro-cap stocks collapsing, being ST at every turn, and falling limits upon receiving inquiry letters, as well as a delisting crisis. Under the siphon of these turmoil, small-cap stocks that can't wait for the industrial cycle should have no future.
2) Significant changes in volume. In the first half of the year, there was a subtle shift between quantitative trading and regulation. Quant from the manual intervention at the beginning of the year led to underperformance of peers, to JG's continuous debuff to quant, and under the background of new quantitative regulations + weakness, the trading volume shows no signs of improvement.
It is in this context that the result is that the liquidity of the market is unevenly distributed, from the crooked kernel smashing, to the directional lifting of the production team, the adjustment of institutional positions, etc., which can bring great interference to the market, for example, the brokerage jumped on Friday afternoon.
But let's say that the market continues to fall... There also seems to be a lack of momentum. In the short term, there may be a stock game or a phenomenon of pocketing, but I still hope to see more rebounds next week, and I hope that not only the production team is working hard, but the market can also have more spontaneous power.. Embarrassment.