Yesterday, the Bank of China rose to the limit!
Bank of China has risen and stopped a total of 8 times in the past.
Every time in history, pay attention to every ah, the Bank of China is up and down, either the bull market is opened, or the bull market is over.
CSI 300 month K, red frame for Bank of China limit month
Source: Snowball
Today, the bull market flagbearer rushed back down, but still closed higher.
Is the bull market coming?
Think beautiful.
Under this year's shrinking market, it is difficult for the whole market to rise.
But as long as you grasp the underlying logic of this year's market, the money-making effect this year is likely to be better than that of the bull market.
On the other hand, if you can't grasp the underlying logic and still hold on to consume new energy, you have to be careful and careful.
What is the underlying logic?
It is the money that maintains the judgment of a weak economic recovery.
We look at the index.
The CSI dividend, which represents dividends and value stocks, is up 16.15% this year.
ChiNext, which represents growth and high valuation, has lost 3.73% this year.
CSI dividend +16%, ChiNext index -3.5%, CSI 300+5.4%
Source: Snowball
Including this wave of bank-centered Chinese word rise, in essence, is a surge in risk aversion in the market.
The money had nowhere to go, and in the end I had to find the most conservative Chinese bank.
Bank ETF Day K
Source: Snowball
Therefore, as long as the underlying logic of weak economic recovery remains unchanged, market sentiment will basically not change, and the market C position will not be replaced with a high probability.
Who is C this year? It's still those two old acquaintances.
First, the performance cashing period is not in this year's industry, such as AI.
The second is value stocks with low valuations and high dividends, such as China Special Valuation.
As long as the macroeconomy does not recover more than expected, these two C positions are unlikely to give way, because the funds have no other way to go.
Conversely, if your position is in consumer new energy tracks, you may have to survive before the economy recovers beyond expectations.
So, the most important thing is to understand what kind of money you are making.
You buy a special valuation and earn money from the money game.
When you buy energy storage medical care, you make money for long-term growth of performance.
You buy Hong Kong stock banks and earn dividend money.
You buy China General Internet and earn money from Davis double-clicked after liquidity recovery.
If you want to make quick money, you have to accept certain risks, and once the market does not match your expectations, you have to run away.
If you want to make slow money, you have to be prepared for the risk of short-term possible losses and have enough patience to wait for the flowers to bloom.
Past results are for reference only, do not indicate their future performance, do not constitute any investment advice, operate at your own risk, the market is at risk, investment needs to be cautious;