Today the market has a positive interest rate hike, the five-year LRR fell by 5 basis points, but it is clear that the market is not buying, not only did not open high but also slightly low in the morning, pulled up a wave after all the way down to adjust, until near 11 o'clock began to rise again.
Judging from the market's reaction, this time the rate cut is first expected, the first few MLF rate cuts are 10 basis points, and this time there are only 5 basis points, which is really lower than the market's expectations.
In fact, this morning's first wave of rise was up 20 points, and then fell to a low and fell by 16 points, and there was a decline of 36 points throughout the day, so it will cause the illusion that the index has not fallen much today.
Although the index closed down only 3 points, but in fact, the emotional aspect of today's individual stocks fell to the freezing point, and there were more than 4,000 declines in the morning session, and the rise was less than 600, which can be described as extremely tragic.
It was like a landmine detonated by the reduction of goodwill at the end of 19 years, which was also extremely weak at the time, but it also rebounded shortly thereafter, especially after the Spring Festival.
Why not now? Now that the sentiment has reached a freezing point, tomorrow it is estimated that it will continue to explore, and the index is expected to end the adjustment by stepping back again, so the better buying opportunity will be next week.
After the sentiment reached the freezing point today, in fact, the attitude of northbound funds is still relatively positive, and today it is 12 billion yuan to buy, and it is rare to see such a large-scale purchase since the fight against foreign investment. They dare to read the bottom today, indicating that the market here is a bottom area, and it is more in line with the 3530-3500 range we said is a better buying opportunity.
All in all, no matter how the market goes, the spring market will definitely bring, and today the sentiment reaches the freezing point tomorrow or next week can start to buy in separate positions, and the next strategy is to buy more and more.
In addition to the strong performance of the industry today, in addition to the big finance because of the benefit of interest rate cuts, the others are valuation repairs, and the fundamental expectations of improving industries such as pigs and home appliances are very strong.
In the future, these are still the focus, as long as they have a sharp fall and stabilization are the time to buy, today's liquor has also begun to perform, in fact, the main adjustment is more, and has the attributes of low-risk characteristics, so today's market adjustment and their defensive attributes have been displayed.
Because there are still some uncertainties in 2020, there are still many risk factors, so everyone's preference for risk is certainly not high, and natural low-risk liquor stocks will also be favored.
If you are considered from a stable and safe point of view, you can wait for the end of February after the Spring Festival to go to the layout, because there will be a hike in the United States in March, which will definitely have an impact, and naturally everyone's risk appetite is relatively low.
The stock market has its own laws of operation, the industry is the same, then what we need to do is to study these laws and do it according to these laws, and now is the time to switch from high valuation to low valuation, the fundamentals of these low-valued varieties of industries are also beginning to gradually improve, from difficult to profit to profit certainty is gradually recognized process, naturally there are many opportunities.
Low-risk opportunities to focus on:
1. Index funds: CSI 300 ETF, SSE 50 ETF, Sci-Tech Board 50 ETF (focus)
2. Things must be reversed: pork, chicken farming, airport shipping, cinemas, real estate
3. Consumption: liquor, food, condiments, squeezed vegetables (needed, etc.)
4. Short-term direction: home appliances, pork, infrastructure, express delivery, meta-universe, military industry
5. Long-term direction: airport shipping, cinema, medicine, China-wide interconnection, brokerage ETF