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Good morning family, the early bird has worms, Today is the weekend A shares are closed, Friday market is really cool, a day directly up 170,000 market, suddenly another bull sound, will A shares rise next week? Let's enter today's morning review!
Overnight performance:
The three major U.S. stock indexes closed higher collectively on Friday, with the S&P 500 and the Dow hitting record closing highs. The S&P 500 closed up 23.20 points, or 0.40%, at 5,864.67. The Dow Jones Industrial Average closed up 36.86 points, or 0.09%, at 43,275.91. The Nasdaq Composite Index closed up 115.94 points, or 0.63%, at 18,489.55. This week, the Nasdaq rose 0.80%, the S&P rose 0.85%, and the Dow rose 0.96%, and the three major indexes all recorded six consecutive weekly gains.
The United States' fiscal year 2024 budget deficit is the third-highest on record, driven by higher debt interest costs and higher spending on Social Security and defense, more than offsetting the increase in tax revenues. The deficit for the fiscal year ended Sept. 30 was $1.83 trillion, up from $1.7 trillion in the previous fiscal year and the highest on record outside of fiscal years 2020 and 2021, according to data released Friday by the United States Treasury Department. Most of the large technology stocks rose, with Netflix rising more than 11% to a record high; Intel and Apple rose more than 1%, while Microsoft, Google, Amazon, and Nvidia rose slightly; Tesla and Meta fell slightly.
Popular Chinese concept stocks rose, and the Nasdaq China Golden Dragon Index rose 3.03%, down 7.66% this week. Li Auto rose more than 6%, Futu Holdings, Bilibili, Weibo, NetEase rose more than 3%, JD.com, Xiaopeng Motors, iQiyi, Baidu, Alibaba, Full Bang, Tencent Music rose more than 2%, Weilai rose more than 1%, and Pinduoduo rose slightly. Vipshop fell slightly.
Interpretation of important news affecting A-shares:
1. A screenshot of the screen is swiped, and the short orders of CITIC Futures have increased sharply
The data shows that on October 18, the top 20 institutions added a total of 23,029 short orders, and the total number of net short orders came to 120386. CITIC Futures' short orders on the 18th can be described as a steep increase, some time ago it was still very flat, on October 9, it only increased by 2,000 hands, and the net increase on the 18th increased by 4,717 short orders, it is recommended that A shares directly prohibit shorting, so that the market can rise for a while.
2. Gold and silver prices "soared" Citi expects gold prices to reach $3,000 per ounce in the next 6 to 12 months
On Friday, international gold rose again to a record high! Gold rose 1.09% to $2,722, silver is the first time in 12 years to break through the $33 mark of important resistance, COMEX silver futures rose as much as 6.5% in the day, the future in the Federal Reserve interest rate cut + international turmoil and other positive factors stimulated, gold and silver is expected to rise further, Dalong will continue to invest in gold for a long time, optimistic unchanged!
3. Who "ran away" when the A-share market rose sharply
Since the end of September, more than 100 companies have announced their shareholding reduction plans, these major shareholders in the A shares rose sharply when the "foot oil" to reduce their holdings "run away", and some even liquidated holdings, obviously not a performance of confidence in their own stocks, Dalong wants to say, the reason why A shares do not have a long-term bull market, is because the major shareholders have risen and reduced their holdings, A shares do not have any long-term funds at all, Friday semiconductors were also reduced by large funds, short-term risks are still there, They know the value of listed companies in their own hearts, so don't dream of not reducing their holdings, that is, if the major shareholders do not reduce their holdings, the market makers will also clear their positions. It's a dream for stockholders not to expect how much to rise.
4. High-Flyer Quant announced that it will gradually reduce the investment position of all hedging products to 0
On Friday, Ningbo High-Flyer Quant announced to investors that considering the risk attributes of hedging products, the company will gradually reduce the investment position of all hedging products to 0, and at the same time exempt the management fee of hedging series products from October 28. The reason for the change is that the market environment has changed, and it is difficult for hedging series products to achieve returns and reduce risk exposure at the same time, and the potential return-to-risk ratio has decreased significantly, and the future income will be significantly lower than investors' expectations. High-Flyer Quant said that the company's hedging product stock is small and is not expected to have an impact on the market. In addition, investors are also advised to make judgments and adjust their investment portfolios in a timely manner. In addition, this is not the first time High-Flyer Quant has informed investors of the above decision, having issued a similar notice in September this year.
There are two interpretations of this news in the current market, one is that it is super positive, and the quantification does not dare to short, the quantification of the CITIC strategy generally has a large number of long and short orders, giving up the neutral strategy means that the short position is gone, and the magic square is one of the most influential quants in A-shares, they give up the neutral strategy, and other quants will definitely follow, which also means that the quantitative industry begins to recognize the bull market, and there is also a saying that giving up neutral is that the spot position cannot cover the risk exposure of futures short orders under the huge volatility, Therefore, all the long and short positions have been cut, not only short positions, but to put it bluntly, Quant feels that the market is now fluctuating, and the risk of hedging is far greater than the return, so the meaning of this passage is that High-Flyer believes that Big A will be in huge fluctuations for a long time, so it temporarily abandons the neutral policy. As for what it is, it depends on the performance of A-shares next week, Dalong insists on going long with a 3 million position anyway!
Fifth, the latest voice of foreign investment! Bank of America strategist: Chinese stocks can still rise
Foreign capital is bullish and listen to it, because in the past every year, every month, every day, there is news that foreign capital is optimistic about the rise of A-shares, foreign capital is bullish for so many years, and there is very little time for the real rise.
Today's A-share trend ideas
Friday's A-share violence is certainly only a minority, will not say every day, the market outlook A-share market is expected to return to the slow-rising market after adjustment, now do not need to look at any technical and reference index, just look at the strength of the policy, as long as the policy continues to be introduced, A-shares will rise, must remember to be in awe of the market, do not rise on the float, get the hand is the real earn!
If you can support, please give a like, and thank you for your support! When everyone read this article, Dalong had already gotten up early and was ready, just so that everyone could see it at the first glance.
Such a hard-working dragon, is it worth a thumbs up from you, this is very important to me! I heard that the person who gave me a thumbs up last time made a lot of money the next day! Although A-shares have fallen for 4 years, the current position Dalong will never cut meat and continue to insist! The market is not good, everyone huddles together to keep warm, encourages each other to cheer together! The hearts of the people are united, Mount Tai moves, and we will work together to get out of this difficulty! Rise up!
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