Today, after the opening of A-shares, the three major stock indexes all tended to decline, of which the Shanghai Composite Index fell below the 2700 point mark at about 14:10 in the afternoon, as low as 2666.33 points, a new low in more than 4 years, so that everyone was a little uneasy, and then the Shanghai Composite Index rose sharply, and finally closed at 2730.15 points.
The Shanghai Composite Index at 2666.33 should be the starting point of the upcoming vigorous bull market
Such a thrilling index rise and fall makes everyone a little overwhelmed, so the Shanghai Composite Index fell to a minimum of 2666.33 points, is this point the starting point of the bull market or the location of the stage?
In my opinion, the Shanghai Composite Index at 2666.33 should be the starting point of the upcoming vigorous bull market.
First, each sharp drop will be the starting point of the next round of stock market rally;
Second, the stock market is a barometer of the economy, in the past year, the mainland's total GDP exceeded 126 trillion yuan, an increase of 5.2%, and the fundamentals of the mainland's economy are quite stable and upward;
Third, the mainland has reformed some irrational measures in the stock market, and a mature and healthy stock market is slowly coming to us, and the reform bull has basically taken shape.
Fourth, the current round of interest rate hikes in the United States has basically ended, and once the Federal Reserve begins to cut interest rates, a large amount of money will inevitably enter A-shares, and A-shares will surely rise.
The A-share reform bull has basically taken shape
On today's market, the real estate sector moved, the media sector resisted the fall, the food and beverage sector was partially active, and the CRO sector dived in the afternoon. Overall, more than 4,900 stocks fell in the whole market, and nearly 108 stocks fell or fell by more than 10%. The turnover of the Shanghai and Shenzhen stock markets was 814.5 billion, an increase of 108.9 billion from the previous trading day. As of the close, the Shanghai Composite Index fell 1.46%, the Shenzhen Component Index fell 2.24%, the ChiNext Index fell 2.43%, and northbound funds bought a net of 2.360 billion yuan throughout the day, including a net purchase of 1.293 billion yuan in Shanghai-Hong Kong Stock Connect and a net purchase of 1.067 billion yuan in Shenzhen-Hong Kong Stock Connect.
More than 4,900 stocks fell in the market today