In The Short Term, The Stock Market Will Usher In A Strong Rebound.

Marc Faber, who has a "doomsday doctor", said on Wednesday that he believed the stock market was "oversold" and might rebound in.

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The publisher of The Gloom, Doom & Boom Report believes that the stock market turmoil at the beginning of this year is just the beginning of a worse situation, but in the short term, he is still optimistic about the stock market.

"In February, the market was overly oversold. From this extreme oversold situation, we may see a relatively strong rebound."

Mai Jiahua said in an interview with CNBC.

"This may push the market up to around 2050, but it is not always possible to see a new high.

If we can touch the new high point, there may be very few.

Participation. "

But Mai Jiahua is not so optimistic. He said that after the short rally, the global market is expected to fall again.

In February, the S & P 500 index fell 0.42%, the index has fallen for three consecutive months, hitting the worst annual start since 2009.

The Dow Jones industrial average rose slightly, rising 0.3% in the month.

Mai Jiahua said that those stocks were hit hard last month, so the shares could rise more from their current level.

He believes that the crude oil sector may "rebound easily" from 10% to 20%.

The global economic growth is slowing sharply, and the US economy is unlikely to maintain a better growth trajectory when the global economic performance is weak.

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New data released on Tuesday showed that sovereign wealth funds redeem $46 billion 400 million in assets in 2015, including a large-scale redemption of passive or tracking stock strategy investments in developed and emerging markets.

Last week there were reports that the external assets management outflow amounted to US $46 billion 400 million.

This week, the research company eVestment announced a detailed data.

Data show that sovereign wealth fund redemption is mainly concentrated on stocks, essentially redemption without distinction, and is withdrawn from its most liquid investment category.

Among them, the global stock investment agency redeemed more than $17 billion, withdrew $10 billion 500 million from US equity funds, and withdrew $3 billion 500 million from emerging market equity funds, with the largest capital outflow concentrated in the passive investment strategy of various investment categories.

Peter Laurelli, head of eVestment research department, said the redemption investment shows that sovereign wealth funds are fully reducing stocks and exposures, and the huge allocation in other areas can not offset this part of the redemption.

EVestment represents institutional investors collecting data from 4400 Asset Management Co.

With oil prices struggling at $40 a barrel, sovereign wealth funds and central banks such as Norway, Russia and Saudi Arabia are reducing reserves and selling assets to help offset the budget gap.

At the same time, the stock market has experienced a sharp decline this year, the US Standard & Poor's 500 index.

SPX has fallen by 5.5%, and Pan European blue chip index FTSE EUROFIRST 300.FTEU3 has fallen by about 8%.

MSCI Ming Sheng emerging stock index.

MSCIEF has fallen by 5.6%.

According to Bank of America's Merrill Lynch data, the stock fund has outflow about $55 billion 700 million so far this year, the longest time since 2008.

Laurelli said that sovereign wealth funds reduced the risk of exposure to the stock market. Behind the scenes were not necessarily financial market events. The relevant economic factors were also affecting them, but the redemption itself did show concern about the further decline in prices.

"If you believe that your assets will go up, then it will be no fun to sell it.

If you need some assets, why don't you wait a little longer? This shows that their immediate exposure to passive stock exposure will bring benefits and is not very sure, "he said.

The Sovereign Wealth Fund (SWF) also withdrew some $4 billion 100 million from the external Asset Management Co's fixed income strategy in emerging markets. This asset class generally did not perform well, and the outflow of funds accelerated in the fourth quarter of 2015.