Stock Investment: Once Again, We Will Turn To The Motherboard Again.

Today, the stock index has opened regularly, and the stock market has been driven up by the rise of brokerage stocks, which has risen by nearly 140 points.

The military industry aerospace, maritime Silk Road, marine equipment, silk road, special steel and other plate movements are extremely strong; in general, the Shanghai stock index rose sharply today, creating a new high above 4800 points, and the gem is slightly adjusted.

In May 19th, when the Shanghai stock index was stabilized after the 30 day moving average, Fan Bo, the advisor of the spring wind group, wrote "big" in time.

"Continuing to be strong and steadfast" shows our firm and optimistic attitude towards the market. At the same time, we are determined to make more determination. In May 20th, we wrote again, "the market will reappear and accelerate the breakthrough market". The article clearly stated: "the fluctuation of the late market has nothing to do with the big bull market.

We have seen a large number of bull stocks again in the fall. "

From the present point of view, the Shanghai stock index has seen 3 consecutive hundred points in Changyang within 4 days, and has continued to accelerate the rise in prices, and easily broke through 4800 points. On the one hand, it has proved that we continue to see the correctness of the big pattern in Daniel market. On the other hand, it is a strong impact on investors who saw the market at about 4500 in the early stage. It once again proves that the bull market is not at the top, and the endless speculation is already OUT, because the market structure has changed radically.

Under the guidance of this strong idea, we never give up. Fan Bo said before that: the current market structure has changed dramatically. When the main board rises, the growth enterprise market will follow. When the main board is ready, the stock market will rise. After May, the stock index adjustment will be obvious. The 19 day will stabilize on the 30 day average, indicating that the focus of the market is once again turning to the motherboard, while the short-term adjustment of the gem is not the summit, but the rest after the continuous competition.

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Last week, the size of the market rose but the pattern was different: the Shanghai Composite Index rose 8.1%, and the growth enterprise market rose 11.8%, but it fell 0.31% on Friday.

On Friday, the two cities traded for 1 trillion and 960 billion days, of which 1 trillion and 10 billion of the Shanghai stock certificate is restorative, while gem 221 billion is a historical amount.

The signal of the gem adjustment is as follows: last year's annual light fund managers' training in Beijing, and the subsequent SFC denied the guidance for the investment window of gem, including Qianhai's open source and public offering to strictly control the investment risks of small and medium sized boards and gem, and the proportion of high position of active managed funds we monitored also dropped by 5 percentage points last week.

The above information basically points to the market, and the market seems to be rising.

The main risk is that small cap and market will not rise.

Mutual recognition of funds, the direct result may be Hong Kong stocks ushered in the second wave of trend.

3 at the end of the month, the SFC allowed public funds to invest in Hong Kong stocks and other events, leading to the first trend of Hong Kong stocks rising. After that, what opportunities have you been concerned about the second wave? Is it Shenzhen Hong Kong?

After mutual recognition, whether mainland investors are willing to buy H-share funds or Hongkong investors are willing to buy A shares funds. Now the AH premium index is 128.32, only 3 stocks have a slight discount, namely ICBC, China Ping An and conch cement.

The indirect result may be a rise in domestic stock market, which does not require substantial subscription after mutual recognition of funds.

In addition, the story of external incremental funding also includes the expectation that A shares will be included in the MSCI index in June. What else? After the Shenzhen and Hong Kong Exchanges, although some foreign investors like the mainland investors prefer new economic stocks, some traditional blue chips and consumer goods may still be popular.

Now we should pay attention to the self strengthening of market expectations when we look at the risk return ratio of many large markets.

The reason why the market has hit a new high quickly is mainly due to the slight strength of the stagflation share in the stock market after the bottom up, and the prospect of the follow-up height should become the self circulation and enhancement of the market expectation.

Outside funds are still abundant. Since May, the newly established fund is expected to maintain a high level in April, and stock funds are more or less seesaw effect. Now it is tilted to the market.

The allocation is close to underestimation.

We should move closer to the blue chips such as financial power, white electricity and so on, or match the leading value of liquor and medicine, pmission and distribution underestimation.

The construction of the Chinese prefix, including shipping, continued to look at bounce only.

Growth stocks may be adjusted but not deeply adjusted.

1) the seesaw effect of limited stock fund.

We have always said that growth stocks are expensive, but now the whole market is expensive, liquidity determines valuation, and extra funds from outside the field are ready to try.

2) information technology may be affected more or even affect the whole growth stock market.

But Internet + +, China made 2025 is the strongest voice issued by this year's government work report. It is a normal discipline but not to shoot dead. This is a reason for parents to educate their children.