U.s.
U.S. stocks closed lower across the board overnight, with the Dow up 0.86%, the S&P 500 up 1.45% and the NASDAQ up 2.08% as of the close.
U.S. CPI rose 7.5 percent year-over-year in January, a higher-than-expected increase and the highest level since 1982. As soon as the data was released, the 10-year Treasury yield jumped to 2%.
Markets fear the Fed will take aggressive measures, and big tech stocks are down again.
A股
My big A is still with the fall and not with the rise, the Gem index is worse than the Nasdaq. The index has fallen for nearly two months since the middle of December, basically unilaterally falling without the ability to resist, the stage decline has reached 22%+, many stocks have fallen deeper, and the waist is chopped a lot.
As of the close, the Shanghai Composite Index closed at 3462.95 points, down 0.66%, while the ChiNext Index closed at 2746.38 points, down 2.84%.
More than 4,000 stocks in the two cities fell, and nearly 90% of the stocks fell, which was unbearable to see.
The two cities traded a total of 991.5 billion yuan, an increase of 55.2 billion yuan over the previous trading day, presumably playing a lot of panic plates.
Northbound funds
Northbound funds had a small net inflow of 1.005 billion yuan throughout the day, of which the Shanghai Stock Connect net bought 2.359 billion yuan and the Shenzhen Stock Connect net sold 1.354 billion yuan.
This week, the cumulative net purchase of Shanghai Stock Connect is 16 billion yuan, and the net sale of Shenzhen Stock Connect is 6.609 billion yuan, and it is clear that the overall idea of northbound funds is also to buy undervalued varieties.
Sector performance
In terms of sectors, as we expected, insurance and banks rose sharply, although they once again stood up to protect the disk, but unfortunately failed to turn the tide again; oil and gas, salt lake lithium, coal and other sectors rose in the front.
The pharmaceutical sector has suffered another critical blow, presumably because many investors have been unable to bear the continuous decline, and the relevant funds will inevitably be redeemed, which will lead to passive selling of funds and promote the decline of the sector.
The plate "Ning Wang" fell sharply again, has fallen below 500 yuan, and there is still no sign of stopping the decline; the game, automobile and other sectors have also fallen deeper.
Receive comments
Overall, the performance of the market is weaker than expected, and if the ChiNext board does not fall, the market will remain weak in the short term. And the ChiNext board to stop falling, "Ning Wang" first of all to stop the fall, at present it is a little difficult.
Operational recommendations
At the operational level, recently has been emphasizing that everyone light warehouse risk control, even if the participation is also a steady growth (infrastructure real estate, Chinese characters), large finance and other directions, if you know the unity of action to do the above points, I believe that even if you do not make money, there will not be too much loss, far better than more than 90% of investors.
At present, the stock market in the first quarter or even the first half of the year is expected to remain weak, especially the ChiNext board, it is recommended that everyone participate less, including public funds, it is likely that your survival period is more than 90% of the shareholders earn more.