Communication
Today, the two major indexes began to sort out after opening low, and the Shanghai Composite Index was a little more biased, and from the perspective of volume and energy, there was a significant reduction compared with the previous trading day. This is the same as what the teacher mentioned earlier, don't chase high if you don't have the amount, and wait for the low suck.
Although today's volume is not very optimistic, the whole situation of the disk is still okay, the rise and fall are basically five or five, and most of the decline in the number of ** is within 2 percentage points. The pessimism in the early stage has been significantly alleviated, and those who sold in the panic of ** in the past have also regained their sanity in the continuous surge repair.
On the positive news today, the central bank announced an interest rate cut. The 1-year loan market** rate (LPR) was reported at 3 in February 202445% compared to 3 in the previous month45%；LPR with a term of more than 5 years is reported as 395% compared to 4 in the previous month2%。
Compared with the last time**, the 1-year LPR has not changed, and the 5-year LPR has been lowered by 25BP, which is also the largest drop in the 5-year LPR. LPR with a maturity of more than 5 years is the pricing benchmark for medium- and long-term loans, especially mortgage loans, and its downward adjustment is mainly to stabilize the real estate market.
To give you the operation of the central bank, this time the operation of not reducing the 1-year LPR and significantly reducing the 5-year LPR is not to want everyone to arbitrage, to get rid of the real to the virtual, because the liquidity given by the central bank is enough, and everyone's demand is not up, so there is no need to provide too much liquidity, resulting in arbitrage.
The sharp reduction in the 5-year period is due to poor real estate data. We all know that real estate is an important foundation for economic development in the past 30 years. So the above interpretation, to sum up, is: real estate stability, economic stability, expected stability, **will be transformed into a reversal.
The market is still in the ** stage, which is a time period and a process.
It is understandable that before the national team "bailout" funds to drive the market, in fact, there are not too many spontaneous buying, after today's interest rate cut, the current national team should not do action, the recovery of spontaneous buying needs a process, I believe that at least ** has been committed to controlling real estate risks, the two core risks have been solved, the probability is still good for the market pessimism repair, and the "easy money" open, will also be good for the short-term market liquidity environment, risk appetite rebound + liquidity repair, It is expected to bring valuations back from pessimistic expectations, so the market will continue**.
So what we need to do in this process is to cherish every opportunity to step back**. So what to buy? Of course, technology is indispensable, and from the perspective of AI industry investment ideas, we should pay attention to three directions:
1) Computing power; 2) ** class applications;
3) Content & IP.
For example, the media mentioned in the teacher's program yesterday, Chinese ** is up and down again 20cm today, and the entire hype around the sora** large model is still relatively hot, as well as pharmaceutical stocks represented by ** medicine.
Vertex Financial Investment Consultant: Li ZhiLicense number: A0380623120005
The above content is for reference only and does not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.