#Morning Watch #February 11th, sunny day. [U.S. January CPI rose 7.5% to continue to brush a new 40-year high The Probability of a 50 basis point rate hike in March doubled in one day] Inflation continues to explode

#MORNING WATCH # February 11, sunny day. [The US January CPI rose 7.5% to continue to brush a new four-decade high The probability of a 50 basis point rate hike in March doubled in one day] The inflation that continues to explode has also made the market set its sights on the Fed, according to the CME "Fed Watch Tool", after the release of CPI data, the expected probability of a 50 basis point rate hike by the Fed FOMC in mid-March has soared from 24% yesterday to 54%. 【Overnight Outer Market】The year-on-year increase in CPI in January hit a new high in four decades, the three major U.S. stock indexes fell across the board, the Dow fell 1.47%, the Nasdaq fell 2.10%, and the S&P fell 1.81%; technology stocks generally fell, the semiconductor sector led the decline, and new energy vehicle stocks fell collectively.

Yesterday the name Gülen was swept up on the hot search by the screen, who is Gülen? Gülen is the ace fund manager of CEIBS Fund, with high education + beauty + extraordinary historical performance, and the current fund size in charge is as high as hundreds of billions of yuan is recognized as a sister in the fund industry! Because of its aggressive investment style, the size of the China-Europe Medical and HealthCare Hybrid A Fund is as high as 77.5 billion, becoming a cusp of the storm. However, in the three years of Hedong and three years of Hexi, after experiencing the crazy group pulling up heavy pharmaceutical stocks in 2020-2021 and achieving huge excess returns, from the fourth quarter of last year to the present, its heavy stocks have become a minefield, and almost all the top ten heavy pharmaceutical stocks have been hit by lightning and sharply corrected. The fund under Gülen's management has a one-year return of more than negative 40%, and was redeemed by a huge amount yesterday, which aroused heated discussion and concern. In fact, this is just the tip of the iceberg of the public fund, the victim of the complete collapse of the public fund camp, historically, the pullback of the institutional heavy stocks may be halfway up the mountain! The so-called "track" has become a "dirt road", whether it is the "Mao" and "Ning combination" or the group of semiconductors, military and new energy, the final outcome is to fall apart, the base of the egg, the wolf base, leaving countless fund shareholders after the wealth evaporated sad tears. Stay away from fund heavy stocks and funds with huge gains in history!

Yesterday, the Shanghai and Shenzhen stock markets once again walked out of the divergence market, the main board Shanghai index shock and then closed the small yang, and the ChiNext board closed the bardo line again driven by the plunge in Ningde. Looking at the trend, the Shanghai index is strong alone, the Shenzhen market is falling and falling, and the ChiNext board has entered a bear market. Overall, this year's market will be more torn and more difficult to operate. After entering the interest rate hike channel, the US stock market has a high probability of entering the process of downward adjustment, therefore, the overall situation this year continues to be bearish, the operation strategy continues to be conservative, and safety is first! After the Shanghai market has been four consecutive Yangs, the rebound is close to the end, and there should be a second downward process.

Hot spots, yesterday's hot spots are pork, agriculture and animal husbandry and tourism catering, etc., these are both inflation-benefiting plates and post-epidemic recovery plates, the current floating capital attack some small themes, such as civil explosions, pork, design, tourism, etc., is also a helpless move, the main tracks have been suppressed by the fund's large-scale sell-off, hot themes are also violent shocks, and the operation is very difficult.

Today Friday, the peripheral U.S. stock trend is not good, the Shanghai market after the 4 consecutive Yang should also pull back a bit, today is enough to drink a pot of days, continue to light warehouse cautious operation!

The above views, personal logs, are for communication only, according to this operation, the consequences are at your own risk!