Wellin Perspective:
Risk aversion continues - commodities and U.S. equities extend declines
Gold prices fluctuated sharply
Face up to the systemic value of A-shares, stay away from U.S. stocks, and stay away from Nvidia
Stay away from Muyang dogs
2024-07-27 Wellxin Investment Consulting and Research Center
(Text) Chief Analyst Yang Yijun
Source: Yang Yijun Gold & Financial Investment
Risk aversion continues: commodities and U.S. stocks continue to fall, and gold prices fluctuate sharply
Rationally face up to the systemic value of A-shares, stay away from U.S. stocks, stay away from Nvidia, and stay away from Muyang dogs
This week is still a week of risk aversion
There is little absolute volatility in the US dollar
Commodity markets and U.S. stocks continued to decline
Gold prices fluctuated sharply
This week, the international spot gold price opened at $2399.91, the highest test was $2431.79, the lowest was $2353.02, and closed at $2386.38, down $14.41, or 0.60%, and the weekly K-line showed a large shock propeller form.
This week, the U.S. dollar index opened at 104.37 points, with a high of 104.55 points and a low of 104.06 points to close at 104.32 points, down 40 points, or 0.04%, and the weekly K-line showed a narrow range of oscillations.
This week, the wellxin precious gold index opened at 5143.83 points, the highest test was 5223.54 points, the lowest was 4955.28 points, and closed at 5034.60 points, down 112.22 points, or 2.18%, and the weekly K-line continued to fall in the long and long yin, and hit a new low of 2 and a half months.
Week:
The international spot silver price fell 4.48% to close at $27.9;
The international spot platinum price fell 2.88% to close at $937.88;
The international spot palladium price fell 0.72% to close at $901.5;
NYMEX crude oil fell 2.75% to close at $76.44;
London copper fell 2.34% to close at $9,073;
London Aluminum fell 2.94% to close at $2,281;
London zinc fell 4.00% to close at $2,663;
London nickel fell 2.44% to close at $15,825;
Lunxi fell 4.27% to close at $29,675;
London lead fell 2.14% to close at $2,076;
The Dow rose 0.75%, the NASDAQ fell 2.08%, and the S&P fell 0.83%.
This week, as the market worked like last week, the dollar fluctuated in a narrow range and the commodity market continued to correct. Gold prices were weighed down by commodity weakness, but closed the week off their lows, relative to commodity markets, and the same was true last week. The performance of the U.S. stock market was also the same as last week, with the Dow Jones closing at a volatile high and the Nasdaq continuing to fall sharply led by technology stocks.
The current "abnormal portfolio" of the Nasdaq and Dow Jones indices is very similar to that before the sharp decline in US stocks in early 2021:
The big tech stocks that led the strength of U.S. stocks peaked, corresponding to the peak of the Nasdaq index. However, the Dow Jones continued its last boom and covered the large main shipments of the Nasdaq market, as shown in the A position diagram. The current D position continues to be similar to the A position, the NASDAQ peak signal is obvious, and the Dow Jones covers the main retreat of the NASDAQ market with the "rubbing line" and "end line" of the peak signal!!!!
The Nasdaq futures index is 10% higher than the cash index, which is unheard of in history:
In conjunction with the election, the market boom of false gold prices, the top characteristics of U.S. stocks are extremely obvious!
In the past two years, Nvidia, the leading U.S. stock market, which has risen 13 times, has diverged from the stagflation peak of the Nasdaq index for the first time:
The faucet has peaked, and the market has peaked
The systematic valuation of A-shares is at the absolute bottom of history, and it continues to be short, but emotions and IQ issues have nothing to do with reason:
Many systematic quantitative indicators of A-shares designed by the author show the stupidity of continuing to sing short and killing A-shares:
Don't keep an eye on the frequent financial frauds of listed companies, as if the finances of A-shares are false. Looking at the operation of the vast majority of unlisted industrial enterprises above designated size in the country:
Is it to pay more taxes for the better?!
Manufacturing! It is faster than the improvement rate of industrial enterprises, and the annualized profit growth rate in May has reached 5.4%, is it also to contribute more to tax revenue? !
The author Pingshui has contacted some "high-profile" professional investment professionals and fund managers, and some of them are "showing" by meeting some chief analysts of large investment banks and Wall Street analysts! Although the author is not talented, but in terms of long-term follow-up observation, I really don't think that Wall Street's big-name analysts are bad, and even often feel their "raw melon atmosphere". Goldman Sachs Chief Economist Harsh Spider Silk (mouth spitting lotus) is the most typical joke: the Fed was first expected to cut interest rates in December 2023, and then revised to January, March, May, and June 2024......
There are indeed a number of "Muyang dogs" in China, but they are lucky, and Wall Street analysts who take buses and subways to guide billionaires to make a fortune, and even have no bottom line and rational value judgment ability to damage their own country's market.
Warren Buffett has a cloud: no one can succeed by shorting their own country!
In the cloak of Buffett, there will be no Buffett!
Please stay away from selling fame and fishing for foreign dogs!