The bull market was born in doubt! The A-share seven-day market approached 3,000 points, and the Japanese stock broke 39,000 to hit a record high

Unconsciously, the Shanghai Index has been seven consecutive yangs, and it has risen from 2,600 points to nearly 3,000 points in two weeks before and after the holiday. If it goes on like this, the first thing we have to admit is that the bear market is over, and then we have to think about whether the bull market is brewing?

Yesterday, I gave you an analysis, because the A-share liquidity crisis is over, the national team has not taken the initiative to buy, but the management has also made unprecedented restrictions on short selling, first quantitatively regulated, and then today it was rumored that major institutional investors are prohibited from reducing their holdings of stocks at the opening and closing of each trading day. Judging from the trend of the past two days, this rumor may be true, today's A-share opening is strong, and it was not smashed until about ten o'clock.

After two months of killing and falling at the beginning of the year, the A-share chips were cleared more thoroughly, and the bottom was actually copied by the national team, and the national team was basically locked up, so this part of the chips is very stable, and it is easy to pull up if there are incremental funds. From this point of view, it can be understood that the post-holiday shrinkage has risen, and there has been no change of chips until the last two trading days, and the sales volume is actually not large.

We have always emphasized that foreign capital is the most flexible force in incremental funds, and the overlap between foreign capital and public offering of heavy stocks is high, and foreign capital can revitalize the heavy stocks of the fund.

We believe that insurance capital, foreign capital and retail investors are the key incremental funds in the future, and today's record high in the coal sector is indispensable behind the purchase of absolute return funds represented by insurance capital. As for foreign capital, the view of Chinese assets has changed dramatically, and the attitude of foreign capital has changed from pessimistic to neutral or even positive, with a net purchase of more than 3.6 billion yuan of northbound funds today, and a net purchase of nearly 50 billion yuan since January 22.

Then there are retail investors, you can see that the financing balance of the two cities has begun to rebound, indicating that with the recovery of the market, retail investor sentiment is also picking up, retail investors are increasing their positions, and the financing balance is 200 billion yuan from the high point of the previous year, and there is a large space here.

Finally, the largest incremental funds are actually a large amount of money printed by the central bank in the past two years, which is either lying in bank deposits or lying in the bond market, if the follow-up policy is active enough to promote the economic recovery, these precipitation in the financial market funds are also expected to enter the stock market, of course, this is thinking farther, it is really a big bull market at this step.

Let's take a look at today's blockbuster news:

Nvidia announced its results early this morning, with revenue of $22.1 billion in the fiscal fourth quarter, plus or minus $20.41 billion expected by analysts, data center revenue of $18.4 billion in the fourth quarter, and analysts' expectations of $17.21 billion, adjusted gross profit margin of 76.7% in the fiscal fourth quarter, compared to analysts' expectations of 75.4%, and revenue of $24 billion in the fiscal first quarter, plus or minus 2%, and analysts' expectations of $21.9 billion.

NVIDIA's strong performance and guidance, coupled with last night's SASAC's emphasis on accelerating the layout and development of intelligent industries and accelerating the construction of a number of intelligent computing centers, today AI computing power, state-owned assets cloud and other related sectors set off a tide of price limits.

The Japanese stock market continued to strengthen, with the Nikkei 225 rising more than 2% today, rising above 39,000 points to a record high, yes, a record high, surpassing the all-time closing high of 38,915 points set at the peak of the bubble economy at the end of 1989, a milestone in the recovery of the Japanese economy from the bursting of the bubble.

But Japan's economy has shrunk for two consecutive quarters, falling into a technical recession, and Japan's nominal GDP has been overtaken by Germany. The Japanese stock market has come out of a big bull market in a recession, so what is there to be afraid of in A-shares?

In fact, only A-shares and Hong Kong stocks performed poorly last year, and the global stock market is in a new high. Everyone says that the AI revolution is not inferior to the previous industrial revolutions, and productivity will jump again, so the AI revolution + the end of the Fed's interest rate hikes, the big bull market seems to be taken for granted. Back to China, although our AI is not as good as the United States, it can be regarded as the second most, and other countries that are not as good as us are all bull markets.

Finally, a brief look at the market, as of the close, the Shanghai Composite Index rose 1.27%, the ChiNext Index rose 0.31%, the Hong Kong Hang Seng Index rose 1.45%, and the Hang Seng Technology Index rose 1.75%. The turnover of the two cities shrank sharply to 0.82 trillion, and more than 4,500 stocks in the two cities rose.

In terms of industries, coal, computer, communications, petroleum and petrochemical, media and other industries led the gains.

Risk Warning:

The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently