Rebirth of the Investment Era.

Xu Xiang nodded slightly, and said: "Since the two main industries of 'infrastructure' and 'military industry', as well as the concepts of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Restructuring of State-owned Enterprises', The expected trend of adjustment in the main theme field is getting stronger and stronger. Funds in this field can no longer form a joint force, so let's lighten up!

However, Masukura in the direction of big finance...

At present, although the market does have traces of high and low switching of funds.

However, it clearly switches the direction of the main line. At present, it is still unclear which direction the funds will go, and they will work together to do more.

Although we are optimistic about the future market performance, the main line of "big finance" can replace "big infrastructure" and "military industry", which are already at a relatively high level in the market and have strong adjustment risks, but expectations are always just expectations. Whether the expectation can be fulfilled will ultimately depend on the actual trend of the market.

Therefore, the increase of positions in the line of 'big finance' can be done, but there is no need to be too anxious, and a large-scale position building action is directly carried out at the beginning.

We have to guarantee that if the market does not develop according to our expectations and expectations.

When the process of "high-low switching" is completed, a joint main line of market funds can be formed, instead of the main line of "big finance", we can also adjust positions in time to keep up with the rhythm of the market.

In short, when the trading strategy is implemented.

Especially when the current market trend is not clear, and there are switching and uncertainties in the main line.

We must pay great attention to the position of the position. It cannot be too high or too low. Before the market trend becomes clear, we cannot intervene too deeply in the main line layout that has not come out and has not formed a joint force of market funds. The initiative to change the market will do. "

Hearing Xu Xiang's instructions, Zhou Kan nodded and said, "Okay, slowly increase the position, and at the same time keep an eye on the changes in the market."

After finishing speaking, Zhou Kan turned around and immediately ordered several trading teams in the trading room.

Within the trading strategy guidelines mentioned by Xu Xiang, execute relevant trading orders quickly.

At the same time, Yuhang, Jingda Investment Company, and the main fund trading room also realized that in the market, the two major industries of 'infrastructure' and 'military industry', as well as those surrounding the 'Asia-Europe Economic Belt' and 'New Era Road' , Maritime Silk Road', 'Reform and Restructuring of Central Enterprises and State-owned Enterprises' and other core concept themes, as well as many core constituent stocks and popular concept stocks, have already seen their bargaining chips loose, and Lin Tingzong, a fund manager with a huge risk of callback, at this time, In the eyes staring at the market, Wei Wei also had the idea of ​​adjusting positions and changing investment directions and investment ideas.

"I feel that the market trend is not stable today!"

While Lin Tingzong was meditating, Gu Chijiang, the general manager of the company, said with emotion: "According to market expectations, today should be a market trend that continues to break through upwards. Individual stocks, or a group of related concept sectors centered on 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', and related individual stocks, the market trend has clearly appeared Heavy volume soars and falls back, or signs of heavy volume stagflation.

Such traces of market trends...

It should be able to explain that the internal positions of these major core lines have deposited funds, and they are continuing to take profits at this moment, right?
At the same time, there seems to be signs of changes in the main lines such as 'big consumption', 'technological growth', and 'big finance'. The performance of these previously weak main line sectors is stronger than that of funds that have been grouped together for speculation. The "Infrastructure" and "Military Industry", as well as related conceptual sectors that are hyped around conceptual themes such as "Asia-Europe Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Reorganization of Central Enterprises and State-owned Enterprises".

This should also be able to show that the funds retreating from the high position are flowing into the low position, right? "

"Hmm!" Lin Tingzong nodded slightly, and replied, "Judging from the market trend and the traces of the main capital flow, the market does seem to be doing a 'high-low switch'.

Just for now...

It is still unclear who will become the funds for the high-level exits of the major low-level main-line sectors, form a new form of fund aggregation and hype, condense market sentiment and continue to make money. "

"Which main line do you prefer?" Gu Chijiang asked.

Lin Tingzong thought for a while and said: "From the perspective of market expectations and the intensity of the current capital attack, I feel that the line of 'technological growth' will have a higher probability of taking over popular main lines such as 'infrastructure' and 'military industry' from a low position. Some, after all, after this quarterly adjustment, the line of "technological growth" is obviously more cost-effective than in June.

At the same time, fields such as 'Internet Finance', 'Mobile Internet', 'Smartphone Industry Chain' and other areas of the main line of 'Technology Growth', regardless of industry scale or performance growth, are taking place in real terms, and their future expectations are also Still improving.

Look at the corresponding core stocks in these major areas.

After several months of adjustments, not only did it fail to keep up with the sharp rise of the Shanghai Stock Exchange Index, but it fell back a lot.

At the same stage, the Shanghai stock index rose by nearly 20%.

Expectations for the future continue to increase, the overall valuation of the market has decreased, and the index has skyrocketed... Considering these factors, in a sense, the line of "technological growth" has the logic of compensatory growth.

And there is... Judging from the past historical performance of the market.

Generally, there is an obvious seesaw effect in the market of the main board of the Shanghai Stock Exchange Index and the market of "growth stocks" in the direction of the small and medium-sized boards and the ChiNext.

For example, last year, it was mainly the small and medium-sized board and the ChiNext "growth stocks" market. The ChiNext Index nearly doubled last year, while the Shanghai Stock Exchange Index remained unchanged.

This year, it's just the other way around.

But now, when a lot of funds clearly feel the direction of the main board, the bargaining chips in the field of "big infrastructure" begin to loosen, and they are seeking to switch between high and low market prices.

That depends on investment inertia and thinking inertia.

There is a high probability that a lot of main funds will converge on the main line of 'technological growth'.

What's more, the line of "technological growth" already has enough cost performance in the current position. As long as funds gather and the market forms a joint force in this field, it will be able to pull out a wave of continuous market. "

Hearing Lin Tingzong's analysis, Gu Chijiang pondered for a moment, nodded slightly and said, "The line of 'technological growth' is indeed worth noting, but I think...the market won't be a simple repetition, right? The overall market volume this year can , It is already much higher than last year, and there should be no obvious seesaw trend between the Shanghai Stock Exchange Index, the Small and Medium-sized Board Index, and the ChiNext Index, right?
After all, now the two cities are almost able to maintain the amount of 4000 billion.

With this level of performance, the line of 'Technology Growth' should not be able to absorb so much main funds. The performance has not obviously kept up, and there is still a risk of logical falsification. At the same time, the majority of investors in the market should also have certain concerns about this main line of business.

I think……

Compared with the line of "technological growth", the two main lines of "big consumption" and "big finance" are not without opportunities?

The current valuation of the line of "big consumption" can be said to be very low, such as "Gerry Electric Appliances, Midea Group, Haier Electric Appliances..." and other white goods stocks, as well as "Great Wall Motors, Shanghai Automobile Group, Changan Automobile...' and other auto industry stocks, as well as liquor brand stocks such as 'Qianzhou Moutai, Wuliangye, Luzhou Laojiao...', etc., their performance is currently on the path of recovery.

Meanwhile, in the context of 'economic recovery'.

Although the "big infrastructure" strategy has become the core driving force for economic recovery, there will definitely be a certain obvious recovery in economic recovery and consumption.

I think there is quite a strong room for expected difference here.

Moreover, in this field, when the popular main lines related to "infrastructure" and "military industry" are on the "New Era Road, Maritime Silk Road" macroeconomic strategic planning route, it is also obviously maintaining a sideways state, lagging behind the market index. Yes, there is also a demand for supplementary increases, and it also meets the logic of the low-level switching of the main line.

As for the main line of the market 'big finance'.

I think that if the Shanghai Stock Exchange Index still has the potential to continue to break through, and can break through the shackles of the upper 2500 points like breaking through 3000 points.

At the same time, the market volume can perform well and can maintain the 4000 billion level.

In other words, the financing balance of the two cities can always remain above the active area of ​​8000 billion.

Well, the market 'bull market' is not unexpected.

As long as the market's 'bull market' expectations continue to increase, the sentiment and confidence of market investors will increase.

Then, under the circumstances that the market volume can remain high, the balance of the two financings remains high, and the overall profit-making effect of the market is not bad, 'big finance' is definitely the first and direct income industry.

Not to mention, under the expected economic recovery.

After the banking industry adjusts its asset structure and cleans up its off-balance-sheet investment and off-balance-sheet assets, its credit scale will definitely go back to the expansion route as the economy recovers.

As for the demand of the insurance industry, it will definitely increase sharply in the context of economic recovery.

Not to mention securities, the surge in market turnover in the past few months has already made the commission fees of major brokerage institutions a lot of money. At the same time, the self-operated fund products of many brokerage institutions should also In this wave of "big infrastructure" main line of the rising market, I have made a lot of money, and now there is an increase in the profit of the two financing businesses...

From these aspects, under the premise that the domestic financial trading market is getting hotter and hotter, the fundamentals of securities have actually been gradually changing, and there are strong expectations.

In this way, the main line of 'big finance', although its previous performance was very weak, the majority of investors in the market also hate this main line sector, and there are constant voices of abuse, but from the perspective of expectations, investment, and speculation,' The line of "big finance" also has strong expectations and obvious investment and hype value.

In addition, the market size of the main line of 'big finance' is not small.

It is able to accommodate all kinds of rivers, accommodate the funds withdrawn from popular main lines such as 'infrastructure' and 'military industry', concentrate and condense the strength of market funds, and lead the Shanghai Index to further open up space.

After all, in weaving the index, the weight of "big finance" is quite high.

It is actually more appropriate to use the line of "big finance" to pull the market index, open up the stock index further, and condense the basis and consensus expectations of the "bull market".

And judging by market trends...

The active funds in the market do have inflows and layouts in these major directions. "

Lin Tingzong listened to Gu Chijiang's analysis and cognition of the market, thought for a while, and said: "From a more comprehensive perspective, Mr. Gu is right. At present, 'technological growth', 'big consumption', ' The main lines of "big finance" all have opportunities and probabilities to undertake high-level popular main lines such as "infrastructure" and "military industry", guide capital inflows to low-level main lines, further gather emotions and consistent expectations, and create new market main lines.

It's just that at present, there are still big differences in funding in these aspects.

If we want to plan in advance, in terms of selection, I'm afraid...it's not easy to do. "

Gu Chijiang smiled, and then said: "There is nothing to do. Since we can't see any low-level main line at the moment, it will eventually come out, form a consistent expectation, gather market sentiment, and get out of the continuous profit-making effect, then we will Relying on the core popular stocks in these three main lines, a balanced layout is enough.

First follow the funds to buy, and then, see which line has the most consistent and expected traces, and the continuous money-making effect is strong.

Then we will slowly make further changes according to the market conditions, and carry out the next step of focusing on rebalancing positions. What do you think? "

Lin Tingzong smiled and responded: "Although this method is clumsy, it is obviously practical for the current market performance. Okay, let's adjust the positions according to Mr. Bao, and allocate the popular cores of several main lines in a balanced manner. Stocks, and then look at the further accumulation of funds and make fine-tuning.”

At this moment, since the market has shown signs of a 'high-low switch' market trend.

Although there is a low main line of consistent expectations, which is not clear at present, in order to grasp the initiative of the market, they still have to make corresponding strategic changes.

At least, there are obvious signs of loose chips in several major core lines of the market.

Take profit first, and save these few months, on the main lines of 'infrastructure' and 'military industry', as well as in the market for 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and reorganization of state-owned enterprises and state-owned enterprises 'In the hype of several major concept themes, it is correct to obtain profits, stabilize the net profit value of the fund, control the possible huge retracement risk, and reduce the positions currently gathered on several popular core main lines of the market. of! (end of this chapter)