On the same day, the shanghai and shenzhen two pairs of low open, the opening once downward after the shock rebounded, and then both turned red. Since then, the two markets have run above the red disk, the Shanghai index has fallen back to the green, and the shenzhen index has always maintained the red disk. On the plate, household appliances led the rise, electronics, national defense and military industry, textiles and apparel and machinery and equipment performed eye-catchingly, while leisure services led the decline, food and beverage, medicine and biology and non-ferrous metals fell.
The third quarterly report came to an end, and the October market ended. Judging from the performance in October, the market is still in a posture of adjustment, but the structural market is obvious, and the opportunities and risks are relatively prominent. However, the economic data at the end of October showed that the market has undergone some changes in the case of continued "stagflation", especially when the PPI hit a record high and commodity prices fell, inflation may have peaked, which is good for the expectation of the next step of monetary easing. Because the downward pressure on the economy was large, but inflation was also high, the currency was not suitable for easing at the same time. And if inflation comes down, under economic pressure, monetary easing will be easy to carry out.
Therefore, entering November, although the market is still under pressure from the economic downturn, the stability of liquidity and the expectation of monetary easing are gradually improved, the market structural market will continue, and the phased opportunities will still be more obvious. Under this expectation, the market stage is substantially bearish, if the good expectations continue to rise, perhaps the market will have a new choice in the direction of November.
Of course, after all, the current economic growth is in a period of economic slowdown, the market will still be under pressure, so even if there is an opportunity, it is also a structural opportunity, so it is necessary to distinguish between opportunities and risks. Specifically, such as cyclical varieties, the current overall probability of peaking is larger, should be avoided and out-of-the-box; and consumer varieties, the attention of funds under the stage of rebound can be expected, but the valuation is still under pressure, the plate will still be repeated, can not be chased high at will; as for the growth of varieties, less affected by the cycle, so the overall performance of the boost, for high-prosperity varieties, should be the preferred object; finally, from the perspective of defense, banks and other low-valued varieties are also good varieties of standard equipment, Under the support of performance, the market of valuation recovery is also worth looking forward to.
Therefore, looking forward to November, the market may not have much waves, and there will still be structural opportunities and swing risks. For investors with low risk appetite, it is still recommended to keep their positions on the sidelines. For investors with a high risk appetite, they can still actively capture the stage opportunities. In terms of opportunities, financial stocks have low valuations and can consider bottom allocation; consumer stocks can rebound and consider trading opportunities in the swing band; in addition, high-prosperity technology stocks, after the three quarterly reports or independent markets, can be actively tracked.