Good news from China and the United States!
Recently, there has been a lot of news about China and the United States!
Not long after Yellen left, the fourth meeting of the China-US financial working group was held, and then Blinken came to visit, which is this week!
Let's take a look back at Yellen's last visit!
At that time, Yellen repeatedly stated that if there is no decoupling from China, decoupling will bring disastrous consequences;
However, it is worth mentioning that during Yellen's visit, some companies in the mainland were restricted by the United States, such as Hytera, Adopt Co., Ltd. and other companies!
Blinken is only visiting for three days this time, is there anything important to discuss?
No matter what you talk about, at least you have to show sincerity!
We can't shout "no decoupling from China" on the one hand, and take action against some of our companies on the other, right?
Some market participants pointed out that Blinken's visit may have several problems, such as photovoltaics, new energy production capacity issues, US Treasury bonds, Iranian oil issues, etc.;
Especially in terms of U.S. debt, since the debt ceiling was raised, the scale of U.S. debt has surged, and it has exceeded 34 trillion in just a few months;
At present, the mainland reduced its holdings of U.S. bonds by 22.7 billion US dollars in February, and the scale of its holdings has fallen below 800 billion yuan!
Again, as long as there is substantial progress between the two sides during the period, it is still good for the market and is conducive to the continued return of foreign capital.
According to statistics: in the past 20 trading days, the net sale of northbound funds has exceeded nearly 20 billion yuan!
Important after-hours news:
1.AI direction: Xin Yisheng: net profit in the first quarter increased by 201% year-on-year, and iFLYTEK had a net loss of 300 million yuan in the first quarter;
2. External market: The three major U.S. stock indexes opened high and went low, gold stocks fell, Tesla opened down more than 5%, Nvidia rose more than 4% intraday, and Chaowei Computer fell another 5%;
3. On the news side, the State Council: further deepen the reform of the capital market and promote the steady and healthy development of the capital market;
Index movements
Judging from Monday's market trend, the three major A-share indexes continued to adjust, among them, the Shanghai Composite Index fell below the 30-day moving average, 60-day moving average and other important moving averages. The lowest retracement was 3043 points.
Will the index continue to adjust in the future?
Let's continue to talk, I personally think that the possibility of the market continuing to adjust is relatively large!
First of all, from the perspective of trading volume, the trading volume of the broader market shrank again on Monday, maintaining at more than 800 billion.
At present, it is difficult to maintain the market to stop falling and rebound, and the insufficient trading volume means that the sustainability of the plate is not strong, and it is difficult to form a joint force to drive the market upward!
From a candlestick perspective, there is also a need for continued technical adjustment.
In addition, approaching the May Day holiday and the performance thunderstorm period at the end of April, some funds are likely to tend to hedge and will not attack easily.
The above factors have led to a relatively high probability of short-term adjustment in the market. The short-term market is expected to continue to fluctuate repeatedly around 3050 points, and the probability of continuous sharp declines is relatively small.
The real market start will not be until at least May, and after the performance thunder dissipates, the market is expected to come out of a new round of rebound!