On the last trading day of last week, the global stock emperor Nvidia suddenly suffered a 10% high volume kill, and at the same time, Tesla, the first disaster star in the world's leading companies this year, has fallen from 230 to 140, one step away from halving. Under the financial hegemony of the United States, the prosperity of the super capital market, which looks like a flower, is facing a relatively objective demand for shock consolidation. Under the triple combination of high interest rates, high debt and high valuation, it is necessary to beware of the contagion of external risks from the volatility of US stocks in the second quarter
Gold nonferrous metals have recently begun to wake up from the grand narrative, the heat must die has always been the eternal essence of market investment, and squeezing through all this, is the proud Federal Reserve, continue to grit its teeth and not cut interest rates, not only do not cut interest rates, but also claim to raise interest rates to suppress inflation, a major background of the gold surge, is the expectation of a weakening of the dollar brought about by the expectation of a US interest rate cut. So far, this logic has been hammered, and it is natural for stock prices to fall from high levels. Objectively speaking, the United States does not have the strength to maintain its current overly stubborn monetary policy, and if it cannot defeat the big eastern countries industrially, it is absolutely impossible to cut off other people's leeks only through financial tricks. From this point of view, the United States is currently trying to protect the dollar and abandon its US debt, which may also be a fight for its life. Based on the possible uncertainty aversion to the US dollar, global central banks will continue to increase their holdings of gold in the future, and the incremental buying of gold should continue unabated. We can make a bold guess that the sharp fall in gold may also be gathering momentum to rush to a new level, but as the water level gets higher and higher, the difficulty and certainty of the operation are becoming more and more disproportionate
A friend has good wine, but if the jackal comes......... Blinken, a hardcore China hawk, followed Yellen, uninvited, according to the outside rendering, this goods in Europe publicly DISS China supports Russia, saying that China must be asked to give the United States an explanation. Immediately after the market, it was rumored that the United States was going to play big this time and consider sanctioning Chinese financial institutions. Indeed, we should not underestimate the Americans, because they are indeed vicious enough, and you ask the shareholders of WuXi AppTec, do you hate US imperialism? Blinken, who came to China with such an unpopular purpose, is destined to not get what he wants. As for the sanctions on Chinese financial companies, it may have a phased impact on A-share financial stocks, but the current low valuation and high dividends of domestic big finance are just docking with the low volatility dividends of funds and the demand for steady profits. We don't want to see this kind of fight-and-kill drama either, however, as retail investors, we don't have a choice
Speaking of Tesla just now, after the peak, it suddenly collapsed, automobile production and sales have a significant decline, all kinds of interpretations have, but one thing you can't deny, Tesla's current so-called intelligent driving and product innovation has obvious problems, the current back to China, after a wave of rampage, Tesla has been through price cuts to achieve market share expansion, once more than a certain penetration rate, with the accumulation of various contradictions, its appearance Davis double kill is extremely difficult to avoid. I am also more worried about the domestic new energy vehicle varieties this year, I have an ominous premonition at the beginning of the year, new energy vehicles are likely to be a more obvious risk sector this year, although the domestic 113 auto parts companies in the first quarter of the performance of the overall red, but after two consecutive years of high base, I have reservations about whether this year's new energy vehicles can further break out. In the late part of last year, the funds were already beating the side drum and began to exert force in the edge direction of charging piles and high-voltage fast rushes, which was very close to the end of a round of speculation
At the same time as the stock market seeks a ghost, the bond bull madness is the strongest voice in the market since the first quarter of this year, the background and the main contradiction we analyze is still the current capital shortage and risk appetite sharply downward, although the early special treasury bond issuance once made market observers worry about the short-term supply and demand of bonds, but it is obvious that on the one hand, the stock market hedging demand is still there, on the other hand, the joint force formed by the overflow of massive deposits will be good for the bond market to further strengthen. In particular, the physical rise of the bond market caused by the decline in long-term interest rates is almost inevitable. The economy is relatively weak and liquidity is extremely loose, so we still have to pay more attention to the pure short-term bonds we mentioned earlier
Many companies have quietly strengthened after releasing results, and one of the strongest varieties, of course, is Tencent Holdings, which has risen 25% after the release of its annual report as one of the top ten heavy stocks of public funds in the first quarter of this year. Some other varieties are also moderately warmed up by the performance boost, such as Hengrui Pharmaceutical, which has bid farewell to the rectification period of the past two years, rose 5% today, and Huadong Medicine has invested heavily in the medical beauty and ADC market, which makes people see that the company still has something, so it is as strong as ever. Of course, there are also some good cash, such as Pinggao Electric, an electrical equipment company, Shandong Pharmaceutical Glass and Zhongpet Shares, which have soared in performance, and so on. High-ranking stocks are most afraid of seeing the light die, this sentence is true. Of course, it is interesting, and some companies have the meaning of reversal of the dilemma after seeing their in-laws, the data of Yifan Biotechnology and Lepu Medical are simply spicy, but due to market expectations, this may also be the last impact on the stock price
For the rest of April, the annual reports and quarterly reports of all listed companies will accelerate the impact of the disclosure of results, and the last period of April will inevitably be accompanied by thunder. But let's not be pessimistic, and it is difficult to say that there will not be easter eggs like Weili Medical, which can actually pass the data. With Taobao mentality, hunting mentality, and learning mentality, let's meet the last journey of April