The Three Major Stock Indexes Will Fall Into The Overall Equilibrium Stock Split.

The fund is expected to stabilize in the next two to one trading day.

On Monday, A shares moved lower and the Shanghai index fell 8.48%, the largest single day decline in 8 years.

A drop of 7.40%, all sectors and concept plates all fell, the whole market about 2000 stocks limit, the three major stock index futures contract limit across the board.

In the course of the fall in June, strong market capitalization stocks such as banks and oil also fell sharply.

Some public funds believe that yesterday's fall showed that investor confidence has not yet been completely restored, but the bottom of the market has already formed support, and the expected downlink space is limited.

Investor sentiment remains to be fixed

For the sudden fall in the market yesterday, fund companies generally indicated that under the influence of various factors such as the economic fundamentals and the market itself, investors had not yet formed a consistent expectation for the medium term market, or even a little cautious.

The Qianhai open source Fund believes that, at the level of policy information, though

A rate hike, but this expectation has long been digested by the market, and will not lead to further outflow of funds, which will have a limited impact on the market yesterday. The bigger reason is still the market itself. That is, after the rescue funds were sought out last week, the market immediately fell, showing that investor sentiment is still cautious, and the market lacks the endogenous driving force. When the valuation market has come to an end and the performance has not yet improved significantly, the market does not have the basis for the unilateral upward movement; the catalyst for short-term policy mainly lies in the reform of state-owned enterprises. The federal rate forecast report, which was released earlier in operation, can be seen this year.

"A shares fell sharply again, one of the reasons is that the current market is still a rebound.

After two weeks of steady rebound, stocks have generally accumulated a sizeable increase. Both foreign and institutional funds have been able to cash in on rebounding profits, which makes stock selling pressure generally increased.

Another reason is that even after two weeks of rebound, investor confidence has not been completely restored, and there has been no significant increase in the financing balance, and the new investors' market size is far from the average level in 5 and June, Yu Jun said.

If investors are not able to relay, the market is bound to return sharply.

The Financing Fund believes that the main reason for the market crash yesterday is that investors are worried about the fundamentals.

Recent data show that the downward pressure on the economy is still in the short term, which has great psychological impact on investors, leading investors to worry that the easing of monetary policy will slow down.

On the other hand, the Fed's interest rate hike is expected to increase. Recently, some emerging market stocks have fallen sharply, indicating that the capital market has responded in advance.

However, this expectation already existed in the market, so investors have already digested some negative effects ahead of schedule.

In addition, since the rebound in July 8th, by the end of last week, most of the stocks had risen by more than 40%, and there was a need for a rest in the market.

The market is expected to have a downward trend.

Although the Public Fund believes that investors' confidence repair still takes time, they point out that the possibility of a big drop in the short term is unlikely. The bottom of the market has already formed support, and the future will still maintain the shock pattern.

The Qianhai open source Fund said yesterday's fall was far more than market expectations, or was mainly influenced by trend investors.

At present, the risk of strong leverage of leverage funds is in the controllable range, and the balance of the two balances has stabilized. The probability of a sharp fall in the short term is small, and there is no need to panic too much.

In the case of capital return to equilibrium, the market may still face a downward trend of bottomed and uptrend.

Yu Jun believes that the main reason leading to the previous adjustment is deleveraging, which is not the reason for yesterday's adjustment.

After the previous crash, the balance of the inside and outside levers has dropped to a very low level. Yesterday's decline was not a result of deleveraging, but a concentrated release of panic after the rally.

From this point of view, the market is expected to stabilise in the next to two trading days, still optimistic about the media, medicine, light industry, basic chemical and electronics industries.

The Financing Fund believes that although the recent basic investors' expectations and emotions have caused a certain negative impact, they need not be too pessimistic.

The financing fund maintained its previous judgement that the current market is still in a shock pattern.

On the one hand, the positive attitude of the fund structure and management is still opposite.

The bottom of the market will form a certain support; on the other hand, investors' confidence recovery and the digestion of the negative impact of the fundamentals are still waiting for time.

Therefore, the financing fund determines that the market will be in an overall balance and split in the next period of time.