Overnight U.S. stocks continued to adjust, yesterday the three major U.S. stock indexes fell again, itself A shares after the beginning of the year on the sluggish performance, this stage of any wind and grass outside the will definitely form a certain killing of A shares, so today's A shares throughout the day performance is not good.
In fact, from the index alone, the performance of A shares is still very good, reflecting a certain anti-fall attribute, but through the back of the index, we will find that more than 3800 individual stocks today killed and fell, and the market loss effect is obvious!
Of course, the reason why the index fell small is that today's banking, insurance, securities, liquor and other weights are performing strongly, so the Shanghai index has basically not fallen much.
As for why the market loss effect is so obvious today?
Hou Ge believes that there are three reasons, on the one hand, the three major indexes of the US stock market continued to fall overnight, which formed a large impact on A shares, on the other hand, the extinguishing of hot topics also led to the collapse of the market to do many popularity, so today there is a relatively large loss effect. In addition, near the Spring Festival, some investors have the psychology of holding coins for the holiday, so they will also take advantage of the poor market to choose to rest before the festival, at least many fans and friends have expressed to Hou Ge the idea of resting years ago, which is also one of the reasons for the poor market.
Is it an opportunity or a risk to continue to kill?
Of course, more important than analyzing the reasons for the market decline, the market investment style is quietly changing, and the big blue-chip white horse favored by institutions has performed well this week, especially in the undervalued sectors such as banking, insurance, real estate, home appliances, infrastructure and so on, which have received continuous attention from funds this week, and the overall performance is also stronger than that of the broader market and most stocks. It shows that institutional funds have begun to choose to hedge in the low-value sector, which itself performed poorly last year, and there is also a need for oversold rebound in technology.
In addition, in the recent index continued to kill the time, we see the northbound funds continue to flow in, today's net inflows even exceeded 10 billion, since last Thursday, northbound funds for 5 consecutive days against the trend of net inflows, it can be seen that northbound funds for the next spring restless market is still very optimistic.
In the face of the continuous killing of the market, I believe that many investors for the next market has become quite pessimistic, but what Hou Ge wants to tell everyone is that the more most investment friends are pessimistic about the market, the more optimistic we are, I also told you before, throughout the history of A shares in the past 20 years, the adjustment at the beginning of the year is often the opportunity to lay out a new round of market, and the spring offensive in the next 2-4 months will be more fierce!
And don't forget that the US stock market is expected to raise interest rates, and A shares are in the interest rate reduction cycle this year, just this year the central bank reduced the LPR interest rate, last year's central economic work conference released a signal of wide credit, this week the deputy governor of the central bank also said that this year will further expand the toolbox of monetary policy, so this year's policy is loose, and under the monetary policy easing, the market is often not too bad.
As for what should I do next?
Hou Ge believes that the floating capital is gradually retreating, the institutional-led market continues, and large finance (banking, insurance, securities) is a typical undervalued sector, which may also perform in the short term.
Real estate industry chain (real estate from November last year in advance to start, cost-effective is not high, home appliances, home appliances to open the oversold rebound) especially the home appliance sector I think the overall first quarter is an opportunity, one is the raw material price reduction, while a new round of home appliances to the countryside, and the policy for real estate relaxation, are good for home appliances, this plate deserves everyone's attention!
At the same time, the agricultural sector has both defensive attributes and the problem of the food crisis caused by the central document No. 1 and the volcanic eruption in Tonga, and it can also be paid attention to next!
There is also the epidemic caused by the weakening of consumption, exports are now also significantly weakened, stable economic growth mainly depends on investment, although the real estate has been loosened, but the general direction is still housing and not speculation, all investment is mainly in infrastructure. (Whether it is new infrastructure or old infrastructure) mainly looks at the chinese character, because it needs to be undertaken by the Chinese character, which is why the Chinese character has performed well recently.
In short, the market opportunities will gradually highlight the next, but the structural market will still exist, it is recommended that we try to move closer to the direction of institutional preference at the level of screening individual stocks, and at the same time, the annual report curtain opens, and the annual report performance pre-increase direction is an important plus!
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