Author |Guo Yiming, editor|Gu Jinfeng.
*: Jufeng Investment Advisory, good ** application.
Opinion: The PMI continued to fall back into the contraction range in November, which was lower than expected overall. However, the comprehensive PMI is still above the line of prosperity and decline, indicating the overall expansion of the production and operation activities of Chinese enterprises. Under the counter-cyclical adjustment, the policy continues to be released, and the economic recovery is expected to continue. At the bottom of multiple cycles, with the historically low valuation of A-shares, the current strategic allocation opportunities are highlighted. In the short term, after continuous adjustments, the overall return of northbound funds, the third entry of the national team in the year, the market's expectation of policy boost strengthened, and the index is expected to stop falling, but under the suppression of many parties, the space is limited, and more or only a reversal. Aggressive investors can gamble***, and prudent investors can continue to wait and see and wait patiently for new changes in the market.
The BSE 50 is strong** and the main board market is repeated**
In today's market, the Beijing Stock Exchange 50 reappeared strong**, with an intraday increase of more than 8%, nearly 80 shares on the Beijing Stock Exchange rose more than 10%, and nearly 20 shares rose more than 20%. The main board market continued to bottom out, the Shanghai Composite Index fell below the 3,000-point mark intraday, the Shenzhen Component Index and the ChiNext Index approached the previous low, the three major indexes fell across the board, the market sentiment was cautious, and the intraday defensive sentiment increased. Judging from the intraday, the Beijing Stock Exchange sector is the whole line, and there are obvious signs of market adjustment in Shanghai and Shenzhen. In the short term, there is an obvious seesaw effect between the main board market and the BSE 50 market, and there are obvious signs of market differentiation.
The TMT sector fell across the board, and the defensive sector bucked the trend
Today, the TMT sector fell across the board, the Internet, software services, media and entertainment, communication equipment and other sectors fell first, the intraday technology sector in the semiconductor, IT equipment sector followed the decline, the cyclical sector fell across the board, nonferrous metals, steel, real estate, building materials, construction, construction machinery and other industries followed the decline, while food and beverage, electricity, agriculture, forestry, animal husbandry and fishery, daily chemicals, tourism, pharmaceutical sectors showed local activity, market defense highlighted.
Short-term bottoming trend correction is repeated
Recently, the market continued to fall, the Shanghai Index continued to probe the 3000 point mark, the probability of technical construction of the support platform is larger, from this period of time the Shanghai Index performance, the Shanghai Index has always been above 3000 points of adjustment, and today's intraday market broke down, indicating that the market's killing momentum has increased, and the intraday plate differentiation and hot spots highlight the market's wait-and-see and defensive sentiment. At present, the market is still in the stage of weak bottoming, and the probability of recurrence in the later stage is large, so investors need to be cautious about the intraday plate pull up and ** to deal with the short-term risks brought by the market adjustment.
Do a good job of buying lows and looking forward to the new "policy bottom".
At present, ** is coming to the end of the year, and the bottom of the market is brewing in the index consolidation, and the end of the year is also brewing**. Investors can stay on the sidelines and patiently await the stimulus of continued policy boost under stable growth, while waiting for the opportunity to buy low in the index**. Strategic investors can still continue to allocate and sow seeds on dips, looking forward to the harvest under the overall economic recovery.
Author: Guo Yiming Practicing Certificate: A0680612120002).
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss.