The RMB exchange rate appreciates rapidly! Three major news in the early hours of this morning hit the market (10.12)!
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The RMB exchange rate continued to appreciate sharply this week, and as of now, the latest RMB exchange rate has come to 7.06, and I said a long time ago that the appreciation of the exchange rate is beneficial to A-shares as a whole.
In the past four years, every time the RMB exchange rate has embarked on an upward journey, the Shanghai Composite Index has always ushered in a considerable rise. At the same time, RMB-denominated assets will also appreciate in value, which is good news for the A-share market.
And today, the appreciation of the RMB exchange rate finally triggered a rebound in the late session of A-shares. Although the rally at the end of the session was mainly the result of a large number of mysterious funds buying, the appreciation of the RMB exchange rate also played a role.
1. Goldman Sachs predicts that the MSCI Emerging Markets Index still has 12% room to rise.
The familiar A-shares are back, and Goldman Sachs remains optimistic about the outlook for emerging market equities, with the MSCI Emerging Markets Index expected to reach 1,300 points in the next 12 months.
This may be due to the Federal Reserve's interest rate cuts, easing in other emerging markets, expectations of a recovery in market growth, and strong growth in corporate earnings at reasonable valuations, which are expected to grow by around 15%, which may be the reasons why Goldman Sachs remains optimistic.
2. After this wave of adjustment, is there any room for A-shares to rise?
This will have to wait and see, and it will take time for the market to make its own choice. As long as the trading volume can go up, it is not a problem; If the volume doesn't go up, it's going to be difficult.
If the trading volume in the future can return to more than 2 trillion, then the previously strong sectors may continue to be strong. However, if the market continues to shrink, then the previously strong sectors may face continued pressure to adjust, and the market style will inevitably change.
3. Although sometimes the market does not necessarily follow the script you guess and does not play according to common sense, as long as it meets your expectations, you can go according to the plan.
Although we don't have the ability to influence the market trend like big money, at least we can be the first to perceive the movement of big money, follow the logic of the market, and follow the mainstream, so that our chances of winning will naturally be greater.
For example, this week's market rhythm is to first rise and then fall, a typical trend of rising first and then falling. In fact, before the holiday, I predicted the trend of this wave, I remember that on September 24, when the yang line started, I shouted everyone to buy, buy, buy, and the next day after the wash was to accelerate the short.
On the first day after the holiday, everyone was looking forward to the opening of the index, but I was the only one who warned of the risks. After all, the bull market didn't rise as sharply.