Today, A-shares have shown some resilience.
The Hang Seng Index plunged 26%, Hang Seng Technology fell more than 4% against the unfavorable background, the Shanghai Composite Index can still buck the trend**.
Of course, all this is thanks to the mystery money that was sold today.
Today's trading volume of CSI 300 ETF can be seen that the mysterious funds have been shot, you look at the convex volume column at the bottom, this is their operating habit when they bailed out the market in February.
Of course, every time a mysterious fund is sold, it is often for the purpose of bailing out the market, and it often leads to the divergence of the index.
And today is very typical, banking, insurance, wine, electricity, coal and other weights**, although the index did not fall much, but more than 4,300 ** killed, the market loss effect is obvious.
Of course, what is better today is that the northbound funds finally did not flow out again, ending the continuous outflow of the previous two trading days, and the inflow of about 1.5 billion yuan today, which is a good signal.
At the same time, the turnover of the two markets continued to exceed one trillion today, which is the fifth consecutive day that the turnover of A-shares has exceeded one trillion yuan, indicating that the market trading is still relatively active.
However, overnight, the three major U.S. stock indexes opened down today, and so far, the Dow Jones has fallen by more than 05%, the Nasdaq fell nearly 2%, and the S&P 500 also fell nearly 1%, which is a relatively large day of decline in U.S. stocks recently.
Considering that today's A-shares have an obvious loss effect today, coupled with the collective decline of U.S. stocks in the evening, A-shares may be more auspicious tomorrow.
In particular, the Nasdaq has fallen so much, which will undoubtedly hit the technology stocks that have performed well in A-shares recently.
It is very likely that the market will go defensive, that is, the direction of high dividends such as coal, banks, and electricity will continue to strengthen, which is also a direction that mystery funds are relatively favored.
In addition, this time the mystery money is not paying attention to micro-cap stocks anymore, so small-cap stocks may become the hardest hit area, which is something to be aware of.
Finally, today's main economic targets for 2024 have basically been introducedThe '24 domestic GDP growth target is 5%, the CPI inflation rate is 3%, and the fiscal deficit rate is 3%.Military spending is 166 trillion, a year-on-year increase of 72%。These are in line with expectations.
The only surprise is that the state will issue 1 trillion special treasury bonds to support major projects, the original report mentions: "In order to systematically solve the problem of funding for the construction of some major projects in the process of building a strong country and national rejuvenation, it is planned to issue ultra-long-term special treasury bonds for several consecutive years from this year, which will be specially used for the implementation of major national strategies and security capacity building in key areas, and 1 trillion yuan will be issued this year." ”
In the past, it was expected that another trillion yuan of special treasury bonds would be issued, but this time it was directly stated that it would be issued for several consecutive years, which is still relatively positive. The ultra-long-term government bonds are generally more than 10 years, and the short-term debt repayment pressure is relatively small, and at the same time, they are not included in the fiscal deficit, that is, they are not included in the above 3%, which is another trillion yuan of "living water".
It is also worth noting that the SASAC mentioned that "the goal is to reach 35% of the strategic emerging industries of enterprises by 2025, and to lay out in advance in terms of brain-like intelligence, quantum information technology, and controllable nuclear fusion". At present, the national strategic emerging industries account for 13%, and the data of central enterprises is 27%, which is higher than the average, and the target for next year will reach 35%, which means that this year will continue to accelerate, and central enterprises will continue to increase their investment in the field of strategic emerging industries.
This means that technology stocks with state-owned backgrounds will perform better in the future, which is what everyone should pay attention to in the future.
In short, this week's expectations for A-shares should be lowered, see more and move less, and not be too aggressive.
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