Tomorrow back to the city, today I will give you a few words
1, today the central bank did another 20 billion reverse repurchase, equivalent to a net return of 620 billion yuan in 4 days this week. The main reason why we pay attention to reverse repurchase is to analyze whether there is a funding gap, whether it will cut the reserve requirement and cut interest rates, and whether the amount of reverse repurchase is a relatively large bearish for those track stocks, and the loose capital is a very important prerequisite for cultivating these track stocks, such as the Ningde era has been hammered again.
2, Ningde's decline is also related to a news, saying that the institution redeemed Gülen's 40 billion fund, because Gülen in addition to the medical theme fund has several other fund heavy stocks are ningde era. This is certainly a rumor that Gülen currently manages 9 funds, for a total size of about 105 billion. From the perspective of the holder structure reported in the middle, the institutional holding ratio of medical and health A is 1%, while the proportion of medical and health C institutions is only 0.12%, the two funds add up to only 400 million institutions, and there are several other funds added together, and the total number of institutions held is only about 1 billion, where 40 billion.
March and January economic data released (positive)
China added 3.98 trillion yuan in new RMB loans in January, with an expected 3.7 trillion yuan, better than expected
China's money supply M2 rose 9.8% year-on-year in January and was better than expected at 9.2%.
China's new social financing in January was 6.17 trillion yuan, which is expected to be 5.4 trillion yuan, exceeding the market's consensus expectations
I analyzed it for you last night, as long as the social financing data exceeds 5.4 trillion yuan, it is beyond expectations, and today's actual data exceeds 6 trillion yuan, which is more than the unanimous expectations of the institution, which shows that we are likely to have opened a new round of wide credit cycle. (Because there are regulations above, the self-media can not arbitrarily comment on the country's economic data and related economic policies, so I will not take the axe, I posted on Weibo the interpretation of The Economic Data of January by several professional institutions)
4, the US January CPI rose 7.5% year-on-year, the highest since February 1982, with a 50 basis point rate hike in March and a 6-time rate hike this year with a 50% probability. I gave you an analysis yesterday, 25 basis points of interest rate hikes in March, and then the annual rate hike is controlled within 4-5 times, which is acceptable in the current market, and expectations have also fallen, but if you directly add 50 basis points, and more than 6 times, this is beyond expectations. (Bearish)
5, tomorrow's time-sharing, only for your reference, not as any investment basis
