CITIC** increase positions and go long! The three major news in the early hours of this morning were fully fermented (36）！
1. Review and approve the action plan for promoting large-scale equipment renewal and sales of consumer goods.
Unsurprisingly, the pro-cyclical trend will continue to recover this year, especially for upstream raw materials, including cereals. The food sector ETF is also strong**, this is the market situation, pro-cyclical is extreme when it falls, and it is also extreme when it recovers. In the next bull market, the chips of excess returns are pro-cyclical.
Second, CITIC**new**! Judging from the data, A-shares were sold off by major funds on Monday, with an outflow of more than 7 billion yuan from the north, and a core funding gap of nearly 27 billion yuan. Profitability efficiency is average. The trading volume of the two cities exceeded 1 trillion yuan again, and the market sentiment recovered significantly.
From a technical point of view, the current short- and medium-term trend of A-shares is improving, the reversal signal at the monthly level is not clear, and the positive signal of the ** trend is also not clear. **The strategy needs to focus on short-term risks and pressures, and the long-term strategy needs time to confirm the reversal of the general trend, so be patient until the end of March!
Judging from the data of the CSI 300 Index** on March 4, the CITIC ** bulls made another effort, increasing their buy orders by 438, but also increasing their sell orders by 146. It's even clearer. The gradual entry into force in the short term is expected to boost the continued performance of A-shares, and we look forward to the next move in the market this week.
Observing the data of the first four seats, the proportion of **market** positions is becoming more and more obvious, the short positions are reduced more, and the main short positions are weak, which can promote **A shares.
Third, the inventory has basically recovered, and the confidence of the management has been restored. A large number of convertible bonds will not be lowered for half a year. The more confident the management, the less confident I became. Considering this situation, my future ** may be maintained at 80%, especially in mid-April, short ** may be higher than 50%, in addition to junk bonds, other convertible bonds of more than 125 yuan may be liquidated, into the meantime, those convertible bonds that have not been lowered for a long time will be directly eliminated by us, and then choose the performance, theme, P/E ratio of the target. We've changed our style. and faith.
The probability that the trend in 2021 can be repeated is extremely small, this year's theme is sideways, the probability of a large ** is extremely low, but the probability of suddenly**or** has increased, just like riding a ten-ring digital roller coaster, so this year there is a high probability that the **range**, while reducing ** and pursuing cost efficiency, we also put the yield to maturity in the key position, and defense will be the top priority of investment this year.
When it comes to defense, we should not only choose those targets that may appear downward, but also choose targets with good volatility and low premium rates, if this is the defense, it will be bruised all over the body, and if it is blindly attacked, it will be attacked everywhere, and we should no longer consider the size of the stock, first of all, the inflection point may be historical, but it is also a kind of self-revolution.