The recent anime movie "The Return of the Great Sage" ignited a wave of high box office, and that's because we like Monkey King. Although Sun Wukong and the Bull Demon King are brothers, monkeys are not welcomed in the stock market. This bull market is gone, and it is not a slow bull, but an irritating monkey market.
As of the 31st, A-shares ended in July, falling 14% in a single month, the largest monthly decline since August 2009, which is simply unbearable to look back. At the opening of the Shanghai and Shenzhen stock markets on Monday, both fell sharply, and the Shanghai index surged 8.48% on July 27, the largest decline in 8 years, and nearly 2,000 A-shares fell to a halt on the same day. After a few days, the trend of the market kept drawing jagged teeth, obviously looking at the morning market is very good, after the afternoon began to dive; the morning market looked like diving, and in the afternoon and the Jedi counterattacked. The competition between bulls and bears is fierce, although the national team is also constantly "showing muscles", but the turbulent market jumping up and down has made the market confidence restless.
Is the national team a rescuer or a parachute?
"Shanghai priest" Zuo Anlong said very bluntly in "Stock Old Left": "The national team has never said that it wants to save the market, it is to maintain stability, (the stock market) fell too fast, and it is slowly coming down." "This time the A-share immeasurable diving has bottomed out twice, and the national team has also learned to encircle and not attack, because after all, the policy stability maintenance is only the bottom, and the stock market of the "bull" in the end is not in line with the law of the market. In the program of A Niu's live broadcast, Bai Hongzhi, senior adviser of the School of International Finance of Shanghai Jiao Tong University, also believes that this national stability maintenance is like the state said to curb the rise of house prices too quickly, everyone thinks that it is to curb house prices, in fact, to curb it too fast, the house will still rise.
Although the national team stabilized the market with plenty of bullets and a firm will, "its intention is very clear, the bottom is blocked, the top you buy yourself, the key is the liquidity of the market." So it is basically certain that the rescue is not to return to the highs, but to block it, maintain a liquidity, and guard against systemic risks. Cai Junyi, chief investment adviser of Shanghai Securities, said during a guest broadcast of A Niu.
Are you a rescuer sent by a monkey?
The week is over, and although it ends in decline, it seems that the market in August will still be in the stage of policy and market game. Looking back at this year's market situation, the market was really hot from March to May, but the adjustment in June really made investors feel uneasy. In July, the market fell from 4300 points to about 3700 points, after the big opening and closing, the big fall and big rise, what did you experience? For such a market, investors should be able to have their own reasonable planning, have a scale in their hearts, to cope with the large fluctuations in the capital market, because they are their real rescuers.
Gao Weimin, investment advisory director of Guodu Securities, believes in the "Stock Market Diagnosis and Treatment" program of ANiu Network that "it is very important for investors to have a suggestion, do not know not to do it, although it is possible that some emerging varieties can bring certain wealth effects in the short-term market, but it is possible to come and go quickly." ”
"From the perspective of the broader market, the best operation now is not to operate, whether there is one in the hand or not, to maintain a non-operation as the most ideal state." Gui Jian, a well-known analyst in the securities industry, also discussed that investors should be cautious and wait and see for the time being.
In the crazy monkey chaotic market, rational wait and see. At present, China's economic structural transformation is still being actively promoted, and the reform dividend is still being released continuously. Many sectors such as the reform of central enterprises and the Belt and Road Initiative are not really working, and it is also wrong to think that the downward adjustment in the process of the bull market has become the beginning of a bear market.
Text/Zhang Yanfen