Despite the strong performance of the index, the proportion of rising stocks reached 54%, and the market returned to equilibrium, which can be summarized as two major balances.
1. The Shanghai and Shenzhen indices were balanced, the Shanghai Composite Index rose 0.27%, the Shenzhen Component Index rose 0.14%, and the ChiNext once led the rise in the intraday, and after 11.05 points, the final closing price was almost the same as yesterday.
2. The performance of blue chips, cycles and themes is balanced. Banks rose 1.4%, cyclical plates are still active in rotation, after the high-level adjustment of the non-ferrous sector, low-level chemical fertilizers, coal cycles and other relay rose, the theme stock low-altitude economy is no longer dominant, the concept of titanium dioxide reversed by 5.54%, humanoid robot PEEK materials, innovative drugs, and high-bandwidth memory rose first.
The major indexes and weights and themes have developed in a balanced manner, and the money-making effect has been improved, but the trading volume of the two cities is less than 800 billion yuan, the long holiday effect is more obvious, and the trend is basically in line with expectations.
Although the Shanghai index generally maintained a volatile finishing, but the low point continued to rise, the gem in April 22 after the low opening of the signal of stabilization, the recent appearance of 3 small yang line + 1 doji, the bottom signal is more obvious, but the gem trading volume has been amplified, there is no low volume of column groups, before the trend reversal does not rule out that there will be a yin line shuffle.
In terms of operational strategy, the overall value of the Shanghai Stock Exchange 50 and CSI 300 is significantly less volatile than that of the Shanghai and Shenzhen Indices, but the market style may change in the past five months. This week, AI-based technology stocks began to have a linkage effect, the market is no longer limited to the low-altitude economy and solid-state batteries, the two new technologies and new industries, the humanoid robot industry chain has an industrial chain active every day, and the memory chip with the largest elasticity in semiconductors is the most resistant, or will become the leading industry in the reversal of the dilemma in May. Looking ahead to the second half of the year, there are two major events to keep an eye on:
1. ChatGPT5 is expected to be released in the middle of the year, will it trigger a new round of AI competition?
2. China's satellite Internet has broken through technical barriers, and the launch will be accelerated in the second half of the year.
Satellite communication is related to national communication security, has been included in China's strategic development industry, Tiandi Internet has been included in the new infrastructure category in 2020, low-altitude economy also needs satellite communication to provide network support. The AI is the engine of the fourth industrial revolution, the AI market will not end here, the low-altitude economy is a means to promote economic development, but flying cars cannot replace ordinary cars after all, and satellite communications and AI involve the competition between major powers, they are more important than the low-altitude economy, and the future market will be greater.
Now, let's revisit the 8 major industries that we talked about in March that are relevant to our future lives, which are important investment maps for the next few years:
1. Artificial intelligence: the new engine of the fourth industrial revolution;
2. Data element: the seventh major factor of production in the data economy;
3. Humanoid robots: the best carrier of AI in the future;
4. Heaven and earth Internet: the guarantee of national communication security, the ultimate solution to achieve global communication without dead ends;
5. Hydrogen energy: to promote the new reform of the energy model, the final dividend of the energy revolution, China's wind power and photovoltaic installed capacity is about to complete the strategic goal of 1.2 billion kilowatts ahead of schedule, and the integrated development of wind, solar and hydrogen will be a new development option for new energy in the future;
6. Low-altitude economy: influencing and changing the way we travel;
7. Intelligent driving: the highest temple of the automobile industry;
8. New industrialization: an effective method for the transformation and upgrading of the manufacturing industry, and the ultimate way to help achieve common prosperity.
After the extreme market, the market has entered a stage of moderate development of long-short equilibrium, with value investment to obtain normal profits and future industries to obtain excess profits. The optimal strategy is portfolio investment, value stocks can lower the lower limit of our account drawdown, and the next 8 major industries will increase the upper limit of profitability.