Rebirth of the Investment Era.

"Yes!" Yu Lei nodded slightly, "If we want to adjust positions and follow the market's 'high-low switching' approach, the main line of 'big finance' is obviously more suitable."

Liu Guanhai responded: "The current market expectations for the line of 'big finance' are very poor, and these two days, the line of 'big finance' has attracted a lot of capital groups. In the whole market, Which main line field has the heaviest hold-up, it should be the main line field of 'big finance'.

Moreover, this area is the key layout of the 'national team' and an area where it is absolutely heavily loaded.

In addition, the volume of this mainline field is very large. The volume of banking, securities and insurance sectors is basically trillions.

Last year, and even the first half of this year.

In the entire domestic banking sector, there have been two shortages of money.

This proves that the currency liquidity in the domestic financial sector is not as abundant as everyone expected.

Without sufficient currency liquidity, it may be very difficult to really leverage the giant main line sector of 'Big Finance'. Many major capital groups in the market have not tried to pull the main line of 'Big Finance' before. disk, but each time ended in failure.

Now, the overall market expectations.

Whether it is retail investors or major capital groups.

Basically, when I saw the main line of 'Big Finance' pull the market, what I thought was not to follow the trend and take on long positions, but to quickly take profits. After all, everyone knew how to pull the market after the 'Big Finance' line pulled the market. Those who go up will fall down no matter what. "

Yu Lei responded with a smile: "What Mr. Liu said is indeed some disadvantages in the direction of the current 'big finance' main line, but this is also the source of the 'big finance' line, which currently has a huge gap in expectations.

We can't just see bad news but not good news.

Compared with the negative impact of these "big finance" fields that Mr. Liu just mentioned.

In fact, the positive impact of the main line of 'big finance' is even more prominent.

First of all, at the macro level, the current regulators very much hope to stimulate the market to go bullish in an all-round way, and they can't wait for a "man-made bull market".

Such a regulatory wind direction.

It is doomed that the "national team" with a heavy position in the main line of "big finance" will never reduce its position, let alone go to the opponent's market to dampen the enthusiasm of the market when funds are pulled. After all, from a macro perspective, the "national team" When the team enters the market, the first goal is not to make money, but to stabilize the market, and to fulfill some policy requirements of the regulators in terms of policy implementation, so that the policy can be implemented.

In other words, the status quo of the heavy position of the 'national team' in the main line of 'big finance'.

At present, the outbreak of the main line of "big finance" will not only be a hindrance, but also a boost. After all, the "national team" has locked too many chips in the main line of "big finance", which has reduced the main line of "big finance" in disguise. The number of circulating disks in this field.

Secondly, it is affected by the sluggish performance of the main line of "big finance" in the previous few years.

The hold-up plate in this area is indeed very heavy.

However, in the continuous quarterly rebound of the market, in fact, the bargaining chips in the corresponding bottom range have been loosened. Many investors who are relatively shallow in the main line of "big finance" have stopped their losses and poured in. 'Infrastructure' and 'military industry' are the hot main lines.

Therefore, from the current stage, the line of 'big finance', at least within the range of an overall upward 20% increase, is not under great pressure.

This is an advantage in the chip structure.

Then, the direct benefits of all aspects...

The market trading volume reached 5000 billion within a day, and the balance of the two financings remained stable at 8000 billion or even more than 8500 billion.

For brokerage institutions, this should be a big benefit that has actually happened, right?

If nothing else, according to the third quarter report, there should be a blowout in the performance of major domestic brokerages.

Moreover, in addition to the response to changes in the volume of the market itself, Shanghai-Hong Kong Stock Connect will also be officially launched in November, and the listing of A11 and China Securities 50 index futures should further stimulate the market and bring more opportunities to the market. Incremental funds, and higher volume performance.

As long as there is volume in the market, brokerages are the groups that will directly benefit.

In addition, thanks to the outbreak of the main core market such as 'infrastructure' and 'military industry' in recent months.

Insurance, bank internal and other asset management groups should also make a lot of profits.

This should also have a more obvious role in promoting the performance of the insurance and banking industries. Although the benefit of these institutions is not as obvious as that of securities companies, such market changes are still positive after all.

Of course, the most important thing.

It is also the fundamental reason why I think that the follow-up of "big finance" is bound to explode, and it will become the fundamental reason why the market's follow-up strength is very likely to exceed the main market such as "infrastructure" and "military industry".

I still think that the monetary policy on the macro level may change drastically.

The current rate hike process by the Federal Reserve has been clearly postponed, and major central banks around the world have also breathed a sigh of relief.

In fact, our domestic interest rate is still relatively high compared to the global ones. Coupled with the reduction of domestic inflation rate, the demand for currency in the banking industry, the pressure of economic recovery, and the large-scale explosion of investment demand under the strategy of "big infrastructure" , and a large demand for money.

Under the current circumstances, domestic central bank institutions should no longer lock up money.

There is a high probability that monetary policy will be further loosened, money liquidity in the market will be increased, and interest rate cuts and RRR cuts will be made. Moreover, it can be expected that the central bank's monetary policy shift is sustainable, and the channel for interest rate cuts may be opened.

As long as the rate cut channel is open.

Then, in the current market, liquidity will become very abundant.

With sufficient liquidity, the line of "big finance" will not have the dilemma of being too large and unable to raise funds. Moreover, once the monetary policy is turned, it will also be difficult for institutions such as "brokers, insurance companies, and banks." Direct benefits!

Overall, under the influence of these factors.

In my opinion, the line of "big finance" is completely equipped with a strong market explosive power, and also has a continuous outbreak of favorable expectations and rigid investment logic. "

After listening to Yu Lei's analysis, Liu Guanhai's eyes became more and more intense, and he couldn't help feeling excited, he laughed and said, "Xiao Yu, your analysis is really awesome. After what you said, the investment logic of the main line of "big finance" couldn't be more clear.

Indeed, compared with the factors that currently exist in the line of 'big finance' that restrict the development of the market.

The benefits you mentioned are real.

Okay, okay... Just adjust your positions according to the strategic direction you have analyzed. "

"Actually, you missed one thing just now." Liu Guanhai thought for a while, and added, "The current market valuation of the line of 'big finance' is the most severely suppressed valuation field in the market. We move the position into the 'Big Finance' line.

The switching direction of the main line market did not move in the direction of the line of 'big finance'.

In the end, there was no consistent anticipation effect and market explosion effect in the direction of "big finance".

Then, we should not be able to lose much money, and the fund's net value retracement should not be large under such valuation conditions that have been suppressed to the limit.

Overall, the 'big finance' line.

Supported by the positive logic you mentioned, the profit-loss ratio and the cost-effectiveness of investment are indeed very high.

It is no wonder that in the past month, the main funds of all parties in the market have diverged so much in the direction of investment in the main line of the market, and they have not been able to form a consistent expected effect.

After careful analysis, each main line does have certain expectations.

Have the corresponding potential for market explosion! "

"It's true that I missed one thing." Yu Lei smiled, and with Liu Guanhai's approval, he quickly turned around and ordered the traders in the trading room to implement the trading strategy of reducing positions and taking profits.

And as the two continued to discuss.

At this moment, the market trading time has come to close to 2 o'clock.

On the market of the two cities, there are many popular main lines such as 'infrastructure' and 'military industry', which are heavily occupied by 'Huaguo MCC, Huahang Optoelectronics, Huaguo Communication Construction, China Airlines Shenfei, Hangfa Power...' these "Yuhang series" Stocks continue to fluctuate and decline in heavy volume, and even in the trend of falling, they become weaker and weaker.

More and more funds are worried that the 'Yu Hang System' is smashing the market and taking profits.

As a result, they have lightened their positions from the main line fields such as 'infrastructure' and 'military industry', and poured into the low-level main lines.

At the same time, the main line of "technology growth" stimulated by the main line of the concept of "sports industry development", the corresponding concept stocks, such as "film and television media", "domestic software", "apple concept", "mobile payment", "mobile game"... And so on, a group of conceptual sectors further accelerated their rise, and more and more main funds flowed in.

And the whole concept of 'sports industry development' is the main line field.

Such as Anne shares, Snowman shares, Pathfinder, Rheinland Sports, Xinlong Health, Qujiang Cultural Tourism, Leiman Optoelectronics; China Fortune Land Development, Kewan Real Estate, Guangdong Media, Yaoji Technology, Huace Film and Television...etc. A lot of concept stocks , During this period of time, they have also received further attention from the main funds.

At least 5 stocks have already sealed their daily limit, showing an extremely strong effect of making money within the day.

"Hey, boss, this market trend... is a bit beyond our expectations!"

At 2 o'clock in the afternoon, the main line of "technological growth" replaced the popular main lines of the market such as "infrastructure" and "military industry". Expanding, when the extreme scissors trend appeared again between the Shenzhen stock market and the Shanghai stock market, inside Zexi Investment Company and the trading room of the main fund in Shanghai, Zhou Kan stared at the market, frowning slightly, and turned his eyes to Xu Xun with concern. Detailed, said: "How do you feel that the direction of 'high-low switching' has directly shifted to the line of 'technological growth'? Why hasn't there been any movement on the line of 'big finance'?"

After the popular main lines of the market such as 'infrastructure' and 'military industry', it is obvious that the trend of 'false breakthrough' is reflected.

In the current market, many investors are aware of the popular themes of 'infrastructure' and 'military industry'. I am afraid that it is extremely difficult to make room for growth and lead the Shanghai Stock Exchange Index to hit the 3000-point mark.

Therefore, follow the idea of ​​'switching between high and low' to adjust the funds in the position.

At this moment, there are more and more.

Under such circumstances, 'big finance' has been quiet.

Zhou Kan was thinking, if we don't pull the market at this time and compete for the main liquidity of the market, and wait until the expectation of the line of "technical growth" becomes stronger and stronger, and the effect of making money continues, at that time...'Big Thinking about the momentum of the finance line, I am afraid that it will be difficult to quickly gather emotions and funds to work together.

"Be patient." Xu Xiang didn't show much surprise about the market trends of the two markets at this time, and said with a smile, "Just a piece of good news on the edge of 'sports industry development' can't shake the whole 'technology growth' As for the mainline market, if nothing else, at the end of the trading period, a lot of funds with cost advantages that were lurking in the main line of 'technological growth' before should be smashed."

Following his words...

Sure enough, when the time entered after 2:15.

Facing the stock index that is still falling, facing the overall profit-making effect of the market, it is getting weaker and weaker, and the overall investment sentiment and hype sentiment are getting weaker and weaker.

I am worried that the mainline stocks of "technological growth" that have rebounded sharply today will follow the market tomorrow to make up for the many internal latent funds.

At this moment, start to rush to take profit.

And with the rush of these short-term funds to stop profit.

Many stocks in the field of "technological growth" that have achieved a hot money-making effect within a few days have seen a surge of pressure on the market, and their stock prices have stagnated on a large scale, or fluctuated and fell back.

At the same time, the decline in sentiment in the entire market has also inhibited the enthusiasm of short-term funds to undertake intraday high levels.

Leading to the late stage.

Compared with the morning, the time-sharing volume of the market began to decline rapidly, and there was an overall trend of shrinking, fluctuating and falling.

Finally, when 3 o'clock in the afternoon came, the two cities ushered in the closing time.

The Shanghai Index finally closed down 1.12%, engulfing yesterday’s gains, while the Shenzhen Index and the ChiNext Index fell back from their intraday highs to their opening points, and closed with two tombstone crosses with upper shadows.

As for the main line of "technical growth" that once played a fiery money-making effect during the session.

Its related concept sectors, and their corresponding concept stocks, ended up in a barely red market situation of rising and falling, and failed to complete the market trend of "high-low switching" expected by many investors, and failed to sustain the "consequence" The main funds flowing out of popular mainline fields such as infrastructure' and 'military industry' have completed the switch of the mainline market.

At noon, however, there was positive stimulus from macro policy news.

Opening in the afternoon, the concept of "sports industry development", which is enthusiastically sought after by the majority of major capital groups inside and outside the venue, has maintained a passionate and upward explosive form, and there has been a wave of daily limit within the sector, such as Annie shares, Snowman shares, Pathfinder, Rheinland Sports .

Of course, except for the main line of the concept of 'sports industry development' which is booming in the market.

The hot money-making effect is still maintained within the day.

Also in the early trading stage, driven by the daily limit of the 20th board of the check "Blue Stone Heavy Equipment", the "Second New Stock" sector set off a wave of daily limit.

Today's new stock sector continues yesterday's strong attitude.

Its sector index closed sharply higher with an increase of nearly 5%. Within the sector, 10 stocks still exceeded the daily limit.

In other words, many short-term capital groups that have adopted strategies from the main line fields such as "infrastructure" and "military industry" did not enter the field of "technological growth" to undertake, but instead flooded into the "sub-new stock" sector on a large scale to avoid risks and further hype These new listings have relatively clean chips, and there are not many stocks that are locked up.