Gui Haoming: Concussion Does Not Change Upward Trend

Taking the intraday shock instead of the deep callback has become a major feature of the recent stock market operation.

Last weekend, there were quite a lot of news about the stock market. We felt that the whole market was empty.

But in fact, the day's stock index had a certain intraday concussion, but it finally rose to close.

Even the weaker gem on the same day, the second day also changed the declining trend, strong upward.

At present, the Shanghai Composite Index has even pulled 7 lines, breaking through 4900 points, and the total paction volume of the two cities will remain at the level of 2 trillion yuan, showing the trend of price volume matching.

Objectively speaking, the relevant information of the weekend has a certain impact on the market, especially the content of the "umbrella trust" business regulated by the securities dealers. Although it has been released in the past, it is still reiterated, but it has been misinterpreted by some public opinion and has caused partial panic.

Generally speaking, it is very natural for the stock market to adjust smoothly, especially when the stock market has been rising for many days, and the stock market will soon be adjusted.

So why did the market refuse to reduce and stubbornly rise? The key factor is that there is too much market capital.

Information shows that since the middle of May, the number of customer deposits entering the third party depository system has increased significantly, and the sales scale of equity funds has also increased significantly.

There are signs that domestic and foreign funds are accelerating to enter the market.

And the volume can be maintained at a high level.

Keep getting involved.

As a large number of new funds are waiting for the warehouse to be built, the stock market will be bought up as soon as it falls back slightly.

After a lot of stocks have been raised, they are suddenly swept away by sudden purchases, and it is difficult to make a big downward move.

Because every time the callbacks meet with the blocking of funds that are waiting to be built, then the market can only replace the deep callbacks with the intraday shock.

Even if the day can not fully digest the callback pressure, it can also be digested on the one or two trading days.

Against this background, the stock market's rise in the trend of time sharing has become the most basic operation pattern, and the upward trend of stock index is unstoppable.

In fact, people paid more attention last weekend.

Because of its high average price earnings ratio, it is also under pressure from all sides.

Especially after the fall of the counter trend on Monday, the "head" of the gem has appeared and the market style will change.

However, just after a day, the gem has made a comeback. On the same day, its growth rate was 4.33%, far exceeding the Shanghai stock market's 2.02%.

This shows that there is no trend of style conversion now, and the gem is far from the head.

The reason for this is actually not complicated. In the context of the country's vigorous development of new industries, the encouragement of entrepreneurship for all, and the innovation of millions of people, the gem has been given an important historical mission, and has also become an important historical mission.

A focus of development is also a focus of investor concern.

In this particular environment, the real growth and development potential of the plate is estimated to be overestimated to a certain extent, and it is not unacceptable.

Further speaking, to adapt to the new normal and promote the new economy, the traditional industries are facing greater adjustment pressure, while the emerging industries need to accelerate development. This determines that the market is hard to reproduce the "28" phenomenon in the past. That kind of market dominated by the large cap stocks in traditional industries can hardly have enough operating space under the current market environment. It is those small and medium value growth enterprises that can be recognized by more investors and the market has greater stamina.

To see this clearly, it is natural to understand why there is no such thing as style change nowadays, and why the market is basically based on growth stocks.