Speaking of which, on Saturday morning, I suddenly saw a push message: Nvidia crashed 10% overnight, and Nasdaq also hammered 2% overnight.
My heart immediately trembled! Village A and Aberdeen may have to pay again. However, when I hurriedly looked at the FTSE A50 and Hang Seng Index stock index futures, I found that these two early warning indicators did not fall but rose, and they actually carried it? !
First, the blockbuster is good support
The reason for this is mainly the heavy positive support.
On April 19, after market hours, the China Securities Regulatory Commission (CSRC) issued the "Five Measures for Capital Market Cooperation with Hong Kong" to further expand and optimize the Stock Connect mechanism and help Hong Kong, China consolidate and enhance its status as an international financial center.
I think there are three points that have had the most impact:
First, support the inclusion of RMB stock trading counters in the Hong Kong Stock Connect.
At present, there are still some leading companies, such as Alibaba and JD.com, which have not been included in the interconnection mechanism due to equity design issues.
Once their renminbi stock trading desks are included, a large amount of money will continue to buy these heavyweights, which will drive the Hang Seng Index higher.
Second, the scope of Stock Connect ETFs will be relaxed.
Third, we will help Hong Kong consolidate and enhance its status as an international financial centre.
Hong Kong stocks have fallen for more than 4 consecutive years, and they often say that Hong Kong is a "financial center site".
But now there is a new policy turnaround.
In the future, Hong Kong will have a unique advantage in building a "financial center" for China-friendly countries such as the Belt and Road Initiative.
I have screened all the funds in the Hong Kong market. Find 13 quality funds. The five categories of broad-based, Hang Seng Technology, medicine, consumption, and dividends are among them, and the private messages that are needed are obtained.
To a large extent, the above positive effects have affected today's market trend: the Hang Seng Index has jumped sharply. Village A also withstood the crit of the U.S. stocks, and although it dived again in the afternoon, the decline was not large, and it was much less than I expected.
Second, buy at 2700 points, lose at 3100 points
Whether domestic or international, at present, as the beginning of "Ordinary World" said, "The cold and long winter seems to be coming to an end, but the truly warm spring is far from coming." ”
Many people's investment experience is not good, and even some investors have not made profits and losses in the near future: it is not uncommon to buy at 2700 points and lose at 3100 points.
For example, in the industry sector, real estate, brokerage, medicine and biology, chip semiconductors, etc., have been reaching new lows in the near future after a short-term deep V rebound.
The chart below shows the trend of the 300 pharmaceutical index, which is getting lower day by day after a rapid rebound.
Source: iFind, as of April 22, 2024
Some of the top irons ran to buy the bottom of the real estate, such as a certain subject A, 30% of the flash crash hammer, which made people shout "Why is my life so bitter".
There are also some small micro-disks that are also falling, hitting new lows, and even falling below the lowest point when they hit the crit a year ago.
In addition, I watched some videos of the international situation over the weekend, and many people talked about whether the Fed will continue to raise interest rates or delay rate cuts.
I think that the Fed's rate hikes or cuts often use "inflation", "employment data", and "economic data" as mantras, but is that really the case? In fact, these are just shields, which are essentially using the dollar tide to plunder the wealth of other countries.
The Japanese yen, South Korean won, and other Southeast Asian currencies are currently heavily shorted. The exchange rate is falling again and again, and there is a trend that the mountain rain is about to come and the wind is full of buildings.
In fact, it is very simple for Japan to protect its exchange rate, and Japan is the largest overseas holder of U.S. Treasury bonds, currently holding about $1.17 trillion.
Just sell a little bit of U.S. bonds and buy back the yen.
But it doesn't have any independent decision-making power, and Lao Mei doesn't let it move. Not only can it not be sold, but Japan is also buying U.S. bonds in the opposite direction......
Source: iFind, as of February 29, 2024
If the Asian currency crisis breaks out, it will inevitably affect the whole body.
Therefore, in terms of market outlook, we should pay attention to giving priority to ensuring daily life and family expenses. Then control the proportion of equity assets and keep cash. Like my words, the proportion of equity assets is controlled below 70%, and the rest are money market funds, bond bases, etc.
Third, the big brother on the list bought a net of 400 billion
Now the only thing that can lead Village A upwards is probably the national team with "unlimited krypton gold", and the hope of launching a leveling fund.
Because most of the other funds are trapped, there is no money on hand. Even those who have funds have become stragglers, and they change places with a shot.
The buying strength of the national team is also very strong!
Let's take a look at the Huatai Pineapple CSI 300 ETF fund first.
According to the latest quarterly report of the fund, "Institution 1" (that is, Central Huijin) holds nearly 59% of the fund's shares, with 6.247 billion shares held at the beginning of the period, 32.6 billion shares held at the latest time, and 26.356 billion shares added.
Source: iFind, as of March 31, 2024
The average transaction price in the range is about 3.4 yuan.
In the first quarter, Central Huijin bought about 90 billion Huatai Pineapple CSI 300 ETF funds.
Using the same calculation method: Central Huijin also bought about 73 billion yuan of E Fund CSI 300 ETF, about 56 billion yuan of ChinaAMC CSI 300 ETF, and about 53 billion yuan of Harvest CSI 300 ETF in the first quarter. and ChinaAMC SSE 50 ETF, which was also net bought by 36 billion.
The above ones have a net purchase of 308 billion yuan in the first quarter! There are also CSI 500 ETFs, ChiNext ETFs, etc., which are expected to reach 350 billion yuan in net purchases.
In the fourth quarter of last year, Huijin also bought 4 CSI 300 ETFs and 1 SSE 50 ETF, and the net purchase is expected to be between 400-50 billion.
Added up, a total of about 400 billion bailed out and bought, a proper big brother.
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Disclaimer: The content of this article is based on public information research and does not constitute investment advice. Investors should make prudent decisions and bear risks independently.
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