Summary: Short-term assault!
Some netizens were surprised to find that ICBC, which chased high at 6,000 points, made money by unwinding at 2,900 points; 2600 points to buy the bottom of the growth stocks, 2900 points to lose to doubt life.
If you can't sell out, you won't sell out at all!
Following yesterday's statement by a brokerage firm that the net sale of public funds in the second quarter was 240 billion, a return visit to institutional customers began to flow out of the circle.
There were 47 redemptions due to personal financial needs, accounting for 72%.
Among them, 21 repaid their mortgages, accounting for 32% of the total. Supplementing operating cash flow (possibly paying employees?) 14, accounting for 22% of the total.
12 companies chose to redeem because of poor performance, accounting for 18%. Among them, 8 are planning to buy overseas funds, accounting for 12% of the total.
There are 6 companies that choose to redeem because of the change of fund managers, accounting for 8%.
If this is true, then at least it shows some problems, the overseas market is limited, and at the same time, there are requirements for the exchange rate, and it is difficult to have a large outflow.
The prepayment of mortgages and the sale of funds to pay wages to employees who really let the people cut their flesh account for more than half.
If this is a common phenomenon, then it is difficult to say that the decline will be stopped, after all, you can't stop someone from paying off their mortgage early.
Of course, if you take a strong medicine and benefit the people, the effect will be obvious, and the key is whether you are willing or not.
The strongest medicine is for banks to make profits, unify mortgage interest rates, and give low-interest loans to enterprises.
The second point is that the production team will take over the public offering and smash the fund, which will play a certain buffer.
In between, the market has chosen to go to extremes.
First, the funds of the production team have not been able to catch the smashing fund (in total).
Second, from the perspective of internal structure, there are two roads to be taken.
The heavy positions of public offerings are new energy sources such as liquor, medicine, and photovoltaics, and you can look at the production team tiled in the direction of 300, especially high dividends, and many public offerings account for a very low proportion.
In other words, you smash yours, I trust mine, and in the end, the index may not fall much, but individual stocks have gone to two extremes.
This year, 4,724 companies have a negative increase, accounting for 88%; There are 2,411 companies whose stock prices are lower than those on February 5, accounting for 45%.
If individual stocks are held this year, the profit will be 1 percent, and it is as low as nearly half of the low point of the stock market crash at the beginning of the year.
In this way, it is not difficult to understand why some people do not look at the account for a long time, and when they open it, they are stunned, and the market rescue saves the account from a new low.
If you don't have any real skills, how dare you end up on the field, most people are lying still, and the monkey spirits are under them, and the market can't release the volume.
However, no matter how high the kung fu is, I am afraid of kitchen knives, so I dare not take it for a long time, so I have to play short-term assault.
As for the valuation, if you want to say that it is already very cheap, it is estimated that shareholders will not believe it.
If A-shares are valued at price-to-book ratios, they are already cheaper than the three bear markets of 2018, 2014 and 2008, second only to the Shanghai Composite Index in 2005 when it was at its worst of 998 points (which was very close).
Now it is not only a test of technology, but also a test of faith, believing in the cycle of reincarnation, there is still light in the eyes, and the technology is okay, so continue to gamble, otherwise, stop, you might as well calm down and learn your skills!
Market hotspots
Photovoltaic: The association said that the adjustment of the photovoltaic industry should be heavy and fast, and it is necessary to promote the clearing of backward production capacity and encourage mergers and acquisitions of enterprises.
Automobile: The two departments will directly arrange ultra-long-term special treasury bond funds to support local governments to independently improve their ability to trade in consumer goods.
Cheluyun: The two departments announced the demonstration area for the digital transformation and upgrading of highway and waterway transportation infrastructure (the first batch).
Disc review
The market is in one sentence: the dwarf pulls out the general!
Staring at the index, there is no way to do it, whether it is the Shanghai Composite Index or the emotional benchmark Shuangchuang 50 Index, there is no obvious sign of stopping the fall.
But if you have to put aside the index to look at individual stocks, Cheluyun's Volkswagen Transportation, Jinjiang Online, and King Long Automobile are very eye-catching.
Logically, it can be understood as a huddle in the shrinking market, but the biggest significance of this huddle is that it opens up a high degree of suppression in the near future.
One is 100% supervision in 10 days, and there is no suppression in the recent relaxation, and the other is that the height of the board is currently 7 boards, with the pioneer, the market will still be similar to the height of the increase and the height of the board, which is a positive guide for the back.
Of course, the guiding effect mentioned here is not necessarily the current theme of the road cloud, if there is a theme that resonates with the index, the height of the resonance theme may be opened.
The plate continues to rotate, and wind power has been strong for two consecutive days, which can be seen, but the small tickets inside the plate are still fierce, and the large tickets are weak.
Chip technology still has a great impact on market sentiment, and the market sentiment feedback is obvious near the midday Lake 50.
Overnight, U.S. stocks fell in technology, and today there is emotional suppression of technology, today to see if the U.S. stock market does a rebound from the 60-day moving average, and if so, tomorrow to see if the market is the turn of technology again.
In other aspects, there are events that ferment the military industry on August 1 and the commercial space launched by the satellite on August 5; Intraday rumors that Trump may announce Bitcoin as a digital currency for strategic reserve currency mapping at the Bitcoin conference!
Well, that's all for today's sharing!
Happy learning! See you next time!