Author |Ding Zhenyu, editor|Wang Jinxi.
*: Jufeng Investment Advisory, good ** application.
Jufeng view
Last week, the market continued to show a wide range of corrections, with all three major indices across the board**. The Shanghai Composite Index fell 619%, the Shenzhen Component Index fell 806%, the GEM index fell 785%。
From the perspective of the industry, all industries collectively, among them, banks, home appliances, coal and other industries fell slightly, and comprehensive, computer, light manufacturing, comprehensive finance, trade and retail, national defense and military industry and other industries led the decline.
In terms of market style, undervalued value industries were relatively resistant to decline due to stable markets and risk aversion, while growth stocks fell again.
From the perspective of northbound capital flows, the Shanghai and Shenzhen Stock Connect has returned for two consecutive weeks, with a net of **99 last week3.9 billion yuan. Among them, the Shanghai Stock Connect net **661.5 billion yuan, Shenzhen Stock Connect net **33$2.4 billion. From the perspective of the industry flow of northbound funds, there are more net sales in power equipment and new energy, food and beverage, electronics, construction, communication equipment and other industries, and more net sales in banks, home appliances, coal, steel, power and public utilities, light industry manufacturing and other industries.
Jufeng Investment Consulting believes that under the expectation of economic recovery, A-shares are expected to gradually come out of the trough. In the past four months, domestic counter-cyclical adjustment measures have been intensively introduced, showing that the bottom of the policy has been confirmed, and ** is moving from the bottom of the policy to the bottom of the market. Externally, the three major U.S. stock indexes collectively closed higher, with the Dow and S&P 500 hitting new highs, Meta rising more than 20%, and Nvidia rising 5%, all hitting record highs. Domestically, Document No. 1 in 2024 was issued, proposing a "roadmap" for promoting the comprehensive revitalization of rural areas, and the test of suspending refinancing and borrowing **real-time available business** will be launched; As the concentrated knock-in of snowball products comes to an end, it is expected that the CSI 500, CSI 1000, ChiNext, Kechuang 50 and other indices are expected to expand**. However, the Spring Festival is approaching, and investors should focus on the reform of state-owned enterprises, low valuations, high-dividend blue chips, and broad-based index ETFs in the short term.
Message plane
In 2024, the first document was announced, proposing a "roadmap" for promoting the comprehensive revitalization of the countryside
*Document No. 1 was authorized by Xinhua News Agency to be released on the 3rd, proposing a "road map" for effectively promoting the comprehensive revitalization of rural areas. The full text consists of six parts, including: ensuring national food security, ensuring that there is no large-scale return to poverty, improving the level of rural industry development, improving the level of rural construction, improving the level of rural governance, and strengthening the party's overall leadership over the "three rural" work.
The test of the suspension of refinancing borrowing **real-time available business** will be initiated
On February 2, China Financial Co., Ltd. announced that in order to make preparations for the suspension of real-time available technology for refinancing and borrowing, the company is scheduled to conduct business tests for **companies with refinancing and market-making borrowing business qualifications in the test environment from February 19 to March 1, 2024.
The three major U.S. stock indexes collectively closed up, and the Dow indicators hit a record high!
The three major U.S. stock indexes collectively closed higher, and the Nasdaq rose 174%, up 112%；The S&P 500 rose 107%, up 138%；The Dow rose 035%, up 143%；The three major indexes all recorded four consecutive weekly gains. Among them, the Dow and S&P 500 both hit record highs, and the Nasdaq continued to hit a new high since January 2022. Meta rose more than 20% and Nvidia rose about 5%, both hitting record highs. Amazon rose nearly 8% to a new high since 2022, with a total market capitalization of 1$78 trillion, more than Google A. Most of Europe's major stock indexes closed higher, with Germany's DAX 30 up 034%。
Author: Ding Zhenyu Practicing Certificate: A0680613040001
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