Have track stocks stabilized? Can I enter the market and read the bottom? Track stock adjustment, anecdotal rumors are that there is a fund manager managed by several industry-wide funds were redeemed for 40 billion, and these industry-wide funds

Have track stocks stabilized? Can I enter the market and read the bottom?

Track stock adjustment, anecdotal rumors are that there is a fund manager managed by several industry-wide funds were redeemed for 40 billion, and these industry-wide funds just happen to be heavy lithium batteries, wind and light these new energy varieties.

Regardless of whether the rumors are true or false, the trend of new energy in the past few days is obviously a sign of making up for the decline, especially in the Ningde era, there are obvious leading stocks to make up for the decline.

From the valuation point of view, whether it is Moutai or Ning Wang, I think from the perspective of the price-earnings ratio predicted by the institution in 2020, it has reached the reasonable valuation area, and now more adjustments are based on the inertia decline in emotions.

In addition, whether the track is stable, we can also refer to the changes in the macro environment. One of the main reasons for this round of track adjustment is the sharp rise in the US Treasury yield, and there are two events in the current macro area that need to be paid attention to:

First, the domestic social financing in January, directly related to the expectation of wide credit, the current differences between institutions on this piece is also relatively large, for example, some institutions expect that the scale of new RMB loans in January is about 3.7 trillion yuan, but some institutions expect that the new amount of RMB credit in January will be 4.3 trillion yuan, much higher than the 3.58 trillion yuan in the same period last year. January social finance data on these two days to disclose, if more than expected, is conducive to promoting the growth track rebound.

The second is to release the latest CPI data in the United States in the evening, which directly affects the market's expectations for the Fed policy and affects the US Treasury yield, the current US Treasury yield is a relatively high sideways state these days, if the inflation data exceeds expectations, it may stimulate the US Treasury yield upward again, which is not conducive to growth stocks.