The State Reveals A Key Signal To The Stock Market.

In fact, in view of the trend of the A share market in the past three months, it is actually influenced by many factors.

First, the pressure of "deleveraging" has increased sharply.

Since 2015, the attitude of the state to the stock market has changed 180 degrees.

Among them, the limited scale of the two financial businesses, the pressure of the growth of the size of the umbrella trust and the pressure of multi-channel deleveraging are enough to make the early hot stock market flameout.

Secondly, the new liquidity is not enough to pry the weight of stocks, and more liquidity gradually flock to small and medium enterprises.

According to statistics, during the period of trading before the Spring Festival this year, the two financial growth rate of the A share market has dropped to a certain extent, and the driving force of the market's new liquidity has also cooled significantly.

However, in the absence of new liquidity to pry the weight of stocks, it accelerated some of the liquidity to the small and medium enterprises, which brought active opportunities to the related varieties.

Third, the "two sessions curse" and "fund 88 curse" concentrated efforts, so that the stock market temporarily lost its way.

For the old investors with certain investment experience, the above two magic curses do have a certain degree of lethality.

At the same time, in the context of the new speed of IPO, it has further suppressed the enthusiasm of the market.

Looking at the trend of stock market in recent period, this statement is basically confirmed.

In the final analysis, the ups and downs of the A share market are more heavily influenced by the policy.

It can also be considered that a paper policy often has a decisive impact on the stock market.

Today, however, while the stock market is intensifying, the market has gradually revealed some positive signals.

Among them, recently

President Xiao Gang said this round.

The rise is a reflection of the anticipation of the reform and opening up bonus, and is the result of the superposition of various favorable policies, with its inevitability and rationality.

At the same time, Xiaogang also hinted that although the scale of the two financial businesses has been developing rapidly, the overall risk is still controllable.

Obviously, Xiao Gang's remarks had a certain impact on the stock market.

Through Xiaogang's statement, it also reveals that the state's attitude towards the stock market has been biased towards rationality.

In this context, it also creates a favorable policy environment for the healthy development of the stock market.

It is worth mentioning that although the pressure of the "deleveraging" of the stock market is dependent on the current stage, the confidence of the market's investment has gradually recovered.

On the one hand, it is a continuous rebound in the scale of the two financial businesses and a new high. On the other hand, the premium of A shares is narrowed compared with that of H-shares, and the AH premium index has gradually dropped to the level near 120.

In essence, it also means that the "deleveraging" effect of the stock market has begun to be reflected in some time ago, and it also promotes more or less in the context of the market systemic risk falling.

Investment enthusiasm.

The 3478 point is the August 4, 2009 high point in recent years, and this position has a profound impact on the market.

In other words, if the market effectively breaks through the 3478 high point, it will formally establish a new bull market.

In another way of thinking, if the market continues the Current hype thinking, relying on small and medium capitalization stock to pry the market, and thereby greatly enhance the confidence of the investment market, then this move is bound to fail to achieve the key task of breaking through the 3478 high points in the market.

In this regard, the author thinks that only by weighting the stock with the weight of pushing up, can we achieve the goal of clearing the stock market.

It can be expected that in the future, the stock market will face strong impulse to rush, and the financial, electric power and oil based weight plate will be the real main force.

In addition, from the perspective of national strategic level, although the state's attitude towards the stock market has improved slightly, it does not want the stock market to go up or down quickly.

Perhaps only by maintaining the "slow market" pattern of the stock market can we create a favorable market environment for the future registration system.