Author | Jia Weizhong
Source | Car selection network
On March 15, the turnover of A-shares was significantly increased, and the turnover of Shanghai and Shenzhen reached 1,124.2 billion yuan, a new high in nearly two months. However, the market showed the characteristics of general decline, regardless of the sector, valuation, and fundamentals, all fell. In the face of future market trends, institutional investment strategies diverged.
Persuading investors to see more and move less is the mainstream view of some investment institutions. Zhongyuan Securities suggested: "The current A-share market is in the stage of systemic risk concentration, except for a few defensive industries, most industries have fallen in turn, and it is expected that before the effective stop of the decline and stabilization in the outer market, the possibility of the two stock indexes oscillating to the bottom is greater." It is recommended that investors see more and move less, and should not rush to read the bottom. ”
Similarly, Haitong Securities said: "There is great uncertainty in the short-term market environment, for most investors to survive time, and understand the value is difficult to have the ability, for short-term investors with heavier positions, the market can appropriately reduce the position when the market brews an oversold rebound." ”
In addition to the above suggestions of "static braking", some institutions have proposed to pay attention to the relevant sections of the two conference topics. Therefore, infrastructure and consumption have become the keywords in the research report.
Guotai Junan proposed: "Under the current short-term economic pressure, to achieve the 5.5% growth target, we must 'climb over the obstacles', which requires the cooperation of infrastructure, real estate and consumption. Regarding infrastructure, the fiscal intention in this government work report is obvious, and infrastructure investment is expected to continue to exert force. In addition to infrastructure, we should also pay more attention to consumer investment opportunities, and this report proposes to "promote residents' income through multiple channels, improve the income distribution system, and enhance consumption capacity". ”
Huatai Securities believes: "This year's government work report is highly consistent with the Central Economic Work Conference at the end of last year, in the face of the triple pressure of 'demand contraction, supply shock, and expected weakening', the tone of 'stable growth' and 'policy correction' remains unchanged, attaching importance to the two major grasps of infrastructure and consumption, and industrial policy around the manufacturing, digital economy and security development deployment." ”
Overall, the global market turmoil caused by the Russian-Ukrainian conflict continues to ferment, crude oil prices hit a new high, and under the influence of risk aversion in all aspects, A shares ushered in a deep adjustment. Some experts pointed out: "In fact, the current market does not have substantial bearishness, more is speculation and panic about many uncertainties in the international situation, although the impact of this sentiment is large, it is more likely to be a short-term impact." Of course, from the perspective of the disk, it is indeed not optimistic, the major sectors are almost completely destroyed, and only a few concepts reflect bright investment opportunities. At present, there is no highly certain main line, and the follow-up market performance is also based on the theme rotation. ”
Therefore, for individual investors, at present, control positions, see more and move less, and do not blindly copy the bottom.
(Image source: Internet)