As the soul of Banxia Investment, she has a unique insight and high-frequency style of speech, and her influence in the investor group is comparable to that of many investment opinion leaders. However, since the second half of 2023, some of Li Bei's market judgments have not been verified by the market.
At noon on February 23, Li Bei issued an article warning investors to be wary of the risks contained in small and micro cap stocks, and pointed out that the large-scale CSI 2000 ETF of mysterious funds on February 8 provided a temporary respite for small and micro cap stocks, but at present, this part of the funds has begun to withdraw. She reminded investors who have fled the risk zone not to return to the fire for short-term gains.
At the opening of the afternoon of the same day, the small-cap index of the A** field rose strongly again after a short period of time, and seemed to refute Li Bei's views with practical actions. This can't help but make people ponder, who can have the last laugh in this market game?
Li Bei seems to be diss small and micro cap stocks, but in fact, she zigzagically expresses her preference for ** stocks. In the article, she suggested that investors should shift their small-cap index growth and market-wide stock selection strategies to CSI 300 index enhanced products, and revealed that quantitative peers should also pay attention to the ** index increase area. Since the fourth quarter of last year, Li Bei has repeatedly emphasized that the CSI 300 and other ** stock indices have been in the bottom layout stage.
Despite Li Bei's frequent speeches over the past few months, as of Feb. 8, the Banxia Macro Representative Hedging Product under her management had a negative annual return, lagging behind the CSI 300 Index over the same period, according to private placement data. Li Bei said at the beginning of the year that its products had significantly reduced their positions in equity assets in mid-January, and switched to defensive high-dividend and 300 index products, successfully avoiding the depth of the follow-up market**. However, in the week before the Spring Festival, the net value of the product failed to keep up with the pace of the market, showing certain signs of shortfall.
Looking back on the past year, although Li Bei has a history of accurate predictions, the accuracy of frequent and high-profile market views has decreased significantly recently. For example, she had a weakening dollar, a bullish start for RMB assets, and a short squeeze on the horizon, but none of these judgments came to fruition as expected.
Li Bei's market views and operational dynamics have attracted widespread attention and discussion, and it will take time to verify whether her warning becomes a contrarian indicator or a warning for future trends. However, both investors and market participants should maintain a sense of awe for the market, rationally look at various market analysis and predictions, and formulate investment strategies based on their own actual conditions.