After falling below 3,000 points in January 2023, the Shanghai Composite Index fell back to 2,635 points in February 2024At 09 o'clock, the period of ** lasted for 3 months.
But in February this year, the Shanghai Composite Index fell from 2635It took less than 1 month to return to 3000 points at 09 o'clock, and it can be understood that **has broken away from the long-term **trend and accelerated the start of a new **. Will the ** behind continue to be strong?
Everyone should make a good psychological expectation, and a big change is likely to be brewing
A-shares returned to 3,000 points this time, is it the advent of a bull market, or is it a return to the light? Peony believes that it can be analyzed from the trend of the Shanghai Index this year.
The leading funds in the first wave of this year are Huijin and other funds to increase their holdings of ETFs.
Subsequently, **self-purchases and institutional investors were active in January**. Although the three major stock indexes did not stabilize the downward trend at 2800 points and 2700 points, it is gratifying that the energy of February ** has been decreasing at 2700 points.
Fortunately, the management of the good news in February was frequent, and quantitative trading was also restricted, so that the factors that killed the decline have changed greatly, prompting the stage sentiment to begin to be bullish, and the Shanghai Composite Index finally rose back to 3,000 points.
In this way, the strong trend this time is Huijin's confidence in the protection of the market, the stability of the management to maintain the first, and the active participation of institutional funds to start the first wave.
In addition, the consumption data of the New Year has enhanced the enthusiasm of the sector to participate, and some industries such as tourism, food and beverage, etc., due to the good data, have made the performance of listed companies hope to accelerate the improvement, and the recent strong ** has also amplified the upward trend.
With the announcement of the performance forecast of listed companies, many sectors fell back to low valuations last year, and the trend of valuation repair was started later, which also helped the Shanghai Composite Index successfully stand at 3,000 points.
Peony believes that the performance-driven repair trend will continue to come, and the opportunities for medium and long-term investment have begun.
The frequent rotation of the industry will continue the trend of upward expansion of many sectors, and the trend of the market from intensified differentiation to general will hopefully appear in March, and the recent ** will not be a return to the light.
On the other hand, in the week after the Chinese New Year, Northbound bought more than 10 billion yuan, and has been buying nearly 50 billion yuan of A-shares for four consecutive weeks.
It can be seen that the first plan of foreign capital is still being implemented, which will amplify the hype trend of the large-capitalization sector and make the funds in the market start to be active.
In other words, the pace of February is too fast, which is likely to cause some investors to worry that the risk of a correction in the three major stock indexes is surging.
Peony said realistically, the sharp rise is a catharsis of the previous good, if the good is not released, the trend will not end.
3000 points has a very special significance for A-shares, but every time it breaks through 3000 points, it rises back to 3000 points again, which can be understood as a large-level change in the overall trend.
The reason for this is that there is the participation of Huijin, institutional investors, and northbound funds. Under the recovery of the consumer market, whether it is the consumer sector or the artificial intelligence sector, the frequent release of good news has led to a sharp rise in the sector.
The Shanghai Composite Index and ChiNext are also at low valuation levels, and this time they are holding at 3,000 points, which is the beginning of the bull market, to be honest.
Peony predicts, get ready, after 3000 points, a big change is likely to be brewing, if the upward trend continues, ** may rise back to 3300 points, 3500 points.
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