Chapter 607: Investment Logic of the Main Line of ‘Big Finance’!

Xu Xiang smiled and said, "This shows that the other party's purpose is not to pull the market, but to build a position!"

"I thought so." Zhou Kan understood, "But the 'Securities' and even the entire 'Big Finance' sector seem to have not formed a consistent expectation at this time, right? Isn't it too early for this main force to increase and build positions at this time?"

Xu Xiang responded: "The investment logic and market expectations of the 'Big Finance' line of the market actually follow the market's 'bull market expectations'. The stronger the market's bull market expectations, the stronger the future market expectations of the 'Big Finance' line, and the more likely it is that the market will continue to explode.

And the weaker the market's bull market expectations, the weaker the investment logic and market trends of the 'Big Finance' line.

The market went before. Before breaking through 2500 points, everyone thought that the underlying logic of the Shanghai Composite Index, and even the entire market trend, was still a rebound trend within the market's large box oscillation range.

Now, the Shanghai Composite Index has perfectly broken through 2500 points, and the trading volume of the two markets is also continuing to break through.

Under such circumstances, the "bull market expectations" will naturally become stronger and stronger.

Especially after the Shanghai Composite Index broke through 2500 points, for so many days, its index is still a high-level oscillation adjustment, and then continues to refresh the breakthrough trend of the mid-year high.

From a technical analysis perspective.

Such an index trend is the strongest form trend expected by everyone.

And the market turnover, whether in the oscillation adjustment trend or in the index's continued upward breakthrough trend, has been increasing, which is a very good virtuous cycle trend. .

In such a situation, with the market's calls for a bull market becoming increasingly strong.

It is not surprising that the main line of the market's 'big finance' has been paid attention to by major funds inside and outside the market, and the securities sector has been rapidly and aggressively built by large funds.

However, the vast investor group inside and outside the market.

In the past two years, they have been harvested somewhat tragically by the investment main line of 'big finance', and they have deep complaints.

This has also led to a very heavy lock-in in the investment main line of 'big finance', and it is difficult to form a consistent expectation situation and a sustained market trend.

In addition, the market value of the entire 'big finance' sector is large and the circulating market is huge.

To lift this investment main line, the market incremental funds required are too much, so it is inevitable that this big main line, under the premise that the market bull market expectations have not formed a consistent expectation situation, Even if there is a large amount of main funds actively involved, it is difficult to form a sustained market trend.

Before, whether it was securities, banks, or insurance sectors.

Under the preview of the "bull market expectation", it is not that there is no large amount of main funds paying attention and intervening.

But there has been no sustained market evolution, and it has not replaced the two core hot main lines of "infrastructure" and "military industry" in the market, focusing all investors' attention and expectations on this, because of these reasons.

And it is because of these factors that restrict.

Many main institutional funds in and outside the market, even if they know that the market expectations are gradually getting better, in order to continue to outperform the market index, they cannot adjust their main positions to this direction without the support of consistent expectations of the main line of "big finance".

As for the current main funds involved in the securities sector... Is the timing of entry a little early?

I think it can be viewed from two aspects.

First, it depends on whether the market investment sentiment after today's closing has gathered towards the main line of "big finance" and the securities sector, and see how the sentiment feedback is.

Second, it depends on how the securities sector will trend tomorrow or even in the background.

If the securities sector has a continuity of market trend under the intervention of the main funds in this round, it is worth noting.

In the atmosphere of increasingly strong "bull market expectations" in the market.

In terms of future expectations alone, the securities sector, and even the entire "big finance" main line sector, have the potential for market explosion, but when this expectation can completely drive the market trend of this main line to riot, and when the market sentiment will fully focus on the "big finance" line, no one knows or predicts.

In a main line market.

Intervention too early will waste a lot of market opportunities and cause high time costs of funds.

Intervention too late will lead to too high holding costs, making it difficult to cope with market fluctuations, unable to hold positions firmly, and even more impossible to hold heavy positions for a long time.

Therefore, in terms of timing, we still have to make cautious judgments and observe the market carefully! "

Zhou Kan nodded after hearing Xu Xiang's analysis and said, "Boss is right, but I think the current market's core main funds and the active funds in the market are still focused on the two major industry lines of 'infrastructure' and 'military industry', as well as the core concept themes of 'Eurasian Economic Belt', 'reform and restructuring of central enterprises and state-owned enterprises', and 'new era road, maritime Silk Road'.

According to the trend in recent days, even after the Shanghai Composite Index broke through 2,500 points.

The capital accumulation and capital volume activity of these major main lines of the market have been rising continuously. At the same time, the stock prices of the corresponding core stocks have also risen in both volume and price.

In addition, the investment logic of these major core lines and future expectations are still there.

The market's investment sentiment and confidence in these major core lines are also strengthening.

There are also the entry of incremental OTC funds into the market, the increase in the balance of financing in the two cities, the spread of the money-making effect... and a series of market performances are still centered around these core main lines, and the market cannot be seen. There are signs of a switch in the main line of core investment, or even a switch between high and low.

On the contrary, these core main lines are clearly showing signs of comprehensive improvement.

I estimate that in this situation...

The main lines of 'big finance' such as securities, insurance, and banks, as well as other traditional main line sectors, and even the main line of 'technological growth' investment in the direction of small and medium-sized boards and GEMs, are difficult to disperse and gather in these core main lines. of the main funds.

Unless the basic investment logic of the two main industry lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'reform and reorganization of central and state-owned enterprises', 'new era road, and maritime Silk Road', are shaken, In other words, the market trends of these core main lines have been so high that they can fully correspond to future expectations and can no longer show a strong collective money-making effect.

Well, that's when the time comes.

It may be that the active capital groups in the market and the main institutional groups holding positions will gradually recede from these core main lines.

But it's very obvious.

The current market trends of these major main lines, as well as the stock price trends of various core stocks, have not yet fully reflected expectations and fulfilled expectations. Instead, they are at an extreme emotional climax, and everyone has the strongest expectations for the market trends of these major main lines. time.

This kind of market situation focuses on the form and the core main line trend form.

It is destined that the market will attract incremental funds and a large number of active funds active in the market.

It is inevitable that these core main line market areas will continue to further converge and continue to speculate, and these core main lines will also continue to invest in other traditional main line investment sectors in the market, as well as 'technological growth' in the subsequent market trends. 'Waiting for the main line of investment in emerging industries to siphon funds.

However, there are so many sectors and stocks related to these core main lines.

The related sectors and individual stocks have huge market capitalizations and can carry huge amounts of active capital flows.

It is destined that as long as these core mainline sectors, the market can continue to create room for upwards, continue the hot money-making effect, and continue to siphon other mainline investment funds in the market.

Then, during this stage, there will be no other large-volume mainline investment sectors that can achieve sustained market trends. After all, with such a large amount of liquidity in these core mainlines, even if the market turnover and New admission funds have been increasing, but there are really not many funds that can really overflow from these core main lines. "

"Yes!" Xu Xiang was somewhat surprised when he saw that Zhou Kanneng had analyzed the market conditions at this level. He nodded with a smile and continued, "This is also because the market has clearly exceeded 2,500 points, and the transactions in the two cities have been completed. While the balance of financing and financing continues to surge, the market is still unable to usher in a general rise.

The Shanghai Stock Index is also rising all the way, with no signs of turning back.

But in the past two months, the market’s investor group has not made up the majority of investors who have actually made substantial profits.

Of course, this is also the reason why market investment sentiment is obviously very hot, but everyone still has huge doubts about the "bull market" and cannot form stronger macro expectations.

After all, whether it is an institutional investment group or a retail investment group.

Many people know that relying solely on the two main industry lines of 'infrastructure' and 'military industry', as well as several core concepts such as 'Eurasian Economic Belt', 'Reform and Reorganization of Central and State-owned Enterprises', and 'New Era Road, Maritime Silk Road' The main line cannot support the market from going out of a comprehensive bull market.

No matter how strong the trend of these core main lines is, once expectations decline, stock price speculation will be overdrawn.

There will also be a huge correction.

At that time, there will be no other large-volume main lines to take over the market conditions, to absorb the huge amount of profit-making funds and active funds withdrawn from these core main lines, and to keep these incremental funds in the market, then the index will inevitably rise. With the correction of these core main lines, it fell back again.

This is the concern of many investors in the market, and it is also the fundamental reason why "bull market expectations" cannot be fully formed.

However, this problem is not unsolvable.

It just requires regulatory guidance from a macro perspective. "

"Does the boss think that a comprehensive 'bull market expectation' can be formed?" Zhou Kan asked, "Furthermore, do you think the regulators will be aware of this concern of the market and continue to add fuel to this crux, from the macro direction of the market? , then release the good news and guide it?”

Xu Xiang was silent for a while, thought carefully for a moment, nodded slightly, and said: "Based on the outbreak of a comprehensive bull market, it is obviously more difficult to attract funds than to retain the funds.

Now, after the two major industry main lines of 'infrastructure' and 'military industry', as well as the comprehensive outbreak of several core concept themes of 'Eurasian Economic Belt', 'Reform and Reorganization of Central and State-owned Enterprises', 'New Era Road, Maritime Silk Road' , many financial groups in the market have been attracted in, temporarily heating up the market.

Then, if these core main lines are expected to be full, the corresponding core stocks will have their share prices peak before they peak.

It should not be difficult to create another investment main line with macro investment expectations, which can carry the continuous entry and speculation of huge amounts of funds in the market, and retain the funds that have already entered the market.

Moreover, I also believe that since the regulatory authorities have guided the market step by step... to this point.

Seeing that the market is only one step away from a full bull market.

It will definitely not fall off the chain at this time and give up the favorable stimulation and emotional guidance for the market.

Moreover, I can probably guess that this line can carry so much funds, can carry the two major industry main lines of "infrastructure" and "military industry", as well as the "Eurasian Economic Belt", "Reform and Restructuring of Central Enterprises and State-owned Enterprises", "New Era Road, Maritime Silk Road" After the main line of several core concept themes is expected to peak, the new market investment main line will inevitably be generated in the direction of "big finance". "

"I think so too. "Zhou Kan smiled and said, "In terms of volume, liquidity, and expectations, as long as the market's 'bull market expectations' are increasing, then the 'big finance' line is the most suitable market core investment line to perfectly inherit the two major industry lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'reform and restructuring of central enterprises and state-owned enterprises', and 'new era road, maritime Silk Road'.

Moreover, taking the 'big finance' line as an example.

Concept theme stories like 'Eurasian Economic Belt', 'reform and restructuring of central enterprises and state-owned enterprises', and 'new era road, maritime Silk Road' can still be told.

I just don't know...

When will the core line of the market switch?

I don't know when the market's 'big finance' market will come? "

Xu Xiang thought for a while and said: "Pay attention to the two main lines of the industry, 'Infrastructure' and 'Military Industry', as well as the market trends and emotional interpretation of the core concept themes of 'Eurasian Economic Belt', 'Reform and Restructuring of Central Enterprises and State-owned Enterprises', and 'New Era Road, Maritime Silk Road', and pay attention to the increase and decrease of positions of several main funds of the 'Yuhang System', as well as the movement of the seat 'Fortune Road' on the next market dragon and tiger list!

As the smartest and most sensitive main funds in the entire market.

Once there are signs of a main line market switch in the market.

This fund will definitely move.

And with this main fund holding tens of billions of positions on these core main lines, if they want to move, it is impossible not to leave traces on the market. ”

"That's right! "Zhou Kan nodded and stopped asking questions.

Instead, he thought for a while and then turned his attention back to the two markets.

On the market, the securities sector, where the net inflow of major funds increased significantly, squeezed into the top three of the two markets' industry sector growth list. However, due to the lack of joint efforts from the entire market's active funds group and other institutional major funds groups to do more, the growth trend of its sector index gradually slipped as the trading time went on, forming a short-term and obvious surge and fall trend.