On the first day of the week, the A** market continued to adjust, with more than 4,300 stocks trading in the two cities of less than 700 billion yuan. At the index level, the style of protection is obvious, and the SSE 50 Index is 026% closed slightly in the red, the A50 index and the CSI 300 index fell slightly, and the small-cap growth style adjustment was in the front, and the CSI 1000 index **159%, STAR 100 Index**21% led the broad-based index, with holdings falling 7 up and 1 flat, and the median falling 218%。
December 18, 2023** may be more due to the strong style to cover the decline. From the perspective of index form, the mainstream indices of the CSI 300 and ChiNext have already fallen below the stage low on October 24, while the STAR 100 index is 976 below the previous one47 points is still about 4% away, and it may be in the process of returning after the style divergence. In the future, you can pay attention to the trend of the Science and Technology Innovation 100 ETF China AMC 588800.
Today's highlight is that foreign capital has not flowed out with the market dive, and has begun to achieve net inflows in the acceleration. It may have begun to react to the end of the Fed's interest rate hike cycle, US Treasury yields and the US dollar index may enter a downward channel, and it is expected that the growth style will be more sensitive after the shift to easing. With the stabilization of the domestic economy, foreign capital may become a potential force to promote the stabilization of the A** market.
At present, the A** field is still in the three low areas of low expectations, low valuation and low position, and it will take time for confidence to recover in the face of macro benefits. In the long run, the process of economic recovery may determine the expected speed of reversal, and the market may come out of the bottom of the arc with a long span. Before the investment expectation is repaired, it is the time window for the layout expectation to be poor.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for Youlian Cloud.