Major United States stock indexes tumbled across the board on Monday as the plunge swept through global financial markets, raising concerns about a slowdown in the United States economy and an overheated technology sector. The S&P 500 plunged 3%, its biggest one-day drop since September 2022, and the Nasdaq 100 saw a similar decline. The two benchmark indexes fell less than earlier in the session after data showed the United States ISM services index re-expanded in July, easing concerns about the economy. At the same time, the VIX index, a benchmark for U.S. stock volatility, soared, briefly hitting its highest level since early 2020. Despite this, "the macro situation itself is not as bad as the market thinks".
The top five main net inflows into the industry sector: photovoltaics, mobile games, games, vocational education, and medicine; The top five main net inflows in the concept sector: HJT, housing leasing, large aircraft, Hainan Free Trade Port, cloud gaming; The top 10 main net inflows of individual stocks: Hongdu Airlines, N Longtu, Junda Shares, Aerospace Rainbow, Wangfujing, Foster, Shanxi Fenjiu, AutoNavi Infrared, National Machinery Seiko, Sanqi Mutual Entertainment
Fed's Daly said that policy adjustments will be necessary in the coming quarters; Once the authorities are clear, the Fed will be ready to take the necessary actions for the economy; More economic data is expected before the Fed's next meeting; Risk factors on the employment and inflation targets are now roughly balanced; The job market is slowing, but it can't be allowed to slow down any more. Riding the bull and watching the bear believes that the sharp fall in the US stock market has triggered a "black swan" event in the global financial market, which is instead an advance of interest rate cuts, Niu Ge found that Buffett has recently reduced his position significantly, and the amount of cash held has exceeded any time in history, indicating that this wave of adjustment is not over.
The renminbi exchange rate continued to soar on August 5. In the past five trading days, the RMB exchange rate has conquered the city, almost recovering all the losses during the year, and returning to around the 7.10 level at the beginning of the year. The strength of the renminbi is triggered by a number of factors, including important changes in external monetary policy and risk sentiment, resonance factors of the yen, and internal factors, and the resilience of the two-way fluctuation of the renminbi exchange rate may increase. On the one hand, the trend of the RMB exchange rate depends on the expected repair of China's economy and the direction of interest rates, on the other hand, it depends more on the changes in the overseas economic and financial situation.
The disclosure of the 2024 semi-annual report of A-share companies is about to enter the peak period. According to statistics, as of 17 o'clock on August 5, 111 A-share companies have disclosed their semi-annual reports. Among them, more than half of the company's net profit in the first half of the year increased year-on-year, 11 companies turned losses into profits, and the recovery of industry demand and the growth of the main business are the main factors for the gratifying performance of related companies. Judging from the industry distribution of listed companies with high performance growth, the prosperity of electronics, communications and other industries has risen. At the same time, a number of leading companies in the industry, such as CATL and Huaneng International, have taken the lead in releasing semi-annual reports, and their operations and performance in the first half of the year have generally remained stable.
Recently, favorable policies have been frequently issued to support the development of low-altitude economy, and the central government has once again emphasized the development of general aviation and low-altitude economy. At the local level, since July, many places have issued opinions or plans for low-altitude economic development. Among them, Shenzhen released the "High-quality Construction Plan for Low-altitude Take-off and Landing Facilities in Shenzhen (2024-2025)" on August 2 to accelerate the high-quality development of low-altitude infrastructure. At present, leading enterprises have a first-mover advantage, in addition to the front-end planning and design business increment, in the middle and back-end project management, facility supervision and operation and maintenance and other fields are more promising, and through cooperation to build a low-altitude innovation ecosystem, and continuously improve the level of low-altitude technology and service capabilities. If follow-up policies and funds are strengthened, leading companies may further benefit in depth, and future growth is promising.
The Shanghai Composite Index is still a rebound trend after hitting new lows, which is actually very dangerous. Recently, despite the shock and adjustment of the equity market, private equity institutions are optimistic about the equity market with practical actions, and most fund managers choose to keep their positions unchanged and stick to the equity market, and some fund managers still have plans to increase their positions. As of the end of July 2024, the average position of equity subjective long strategy private equity funds is 73%, and nearly 90% of private equity funds have a position of 50% or more. More than ninety percent of private equity fund managers plan to maintain or increase their positions in August. At the same time, tens of billions of yuan private equity institutions frequently launch self-purchases.
The GEM index is getting closer and closer to 1600 points, as long as it does not fall below, there is still a chance, and if it falls below, it is still necessary to be careful that poor performance stocks and small and medium-sized micro stocks have fallen again, and some high-level board stocks have appeared in the rhythm of capital retreat. Institutional funds are still unanimously optimistic about the market outlook, the market is in the bottom area, and the positive signal is optimistic about the market outlook, but from the perspective of trading volume, there are many slogans, and there are still few people entering the market. At a time when capital is seeking a safe haven, the potential investment value of the A-share market, which is in a value depression, may be seen by more capital.