There is such a cold knowledge circulating in the market today, saying yesThe number of days after the National Day when the big A rose by more than 1% was 0There are still 3 trading days left in this year, and A-shares are not going to work harder.
Looking back on the whole year of 2023, judging from the performance of the first half of the year, A-shares can barely maintain positive returns, since the second half of the year, the economy issued a document, so that residents can also make money through **, it began to slump, from 3300 all the way to 2900 without **, periodThe benefit of the nuclear bomb level of the stamp duty reduction has only risen by 1%. What's even more annoying is that if you don't fight for yourself, other markets are all hitting new highs, Britain, France, Germany, the United States and India have all hit record highs this year, and the cryptocurrency market has skyrocketed recently.
In the SSE 50 overall 14% this year in the background, today Yangtze River power also hit a record high, different from the ups and downs of cyclical stocks, public utilities stocks have both stability and sustainability, monopoly operation has no competitors, profits do not need additional continuous investment,The dividend rate is more than 70% all year round, another new stock king, China Mobile, is also the same characteristic. In turbulent times, these high dividend rates have strong certainty and are more likely to be favored by funds.
On the contrary, the worst performance this year is those who continue to lose money and have great certainty in operation. During the economic boom period, capital flowed to high leverage and high growth, and actively embraced bubbles. In recessions, money becomes risk-averse and seeks certainty. In the future, if the bubble of U.S. stocks bursts, it will also be the outcome of A-shares this year.
In my impression, the changes in the market in recent years have occurred after the holidays. After New Year's Day in '19, the Shanghai Stock Exchange began to turn bearish to bullish. After the National Day in 2020, Hong Kong stocks began to turn bullish and bearish. After the Spring Festival in 21, A-shares began to turn bullish to bearish. Next year's New Year's Day and Spring Festival are the last window period, and A-shares allow you to fall for another 3 days.