How Influential Leverage Capital Is?

In the current market environment, although the stock market still has large instability, it will also affect the operation of different types of funds. For medium and long term funds, the market has gradually entered a reasonable value investment area. As for some of the varieties that have the advantage of valuation, they are basically in line with the demand for such funds. For short-term funds, because they think too much about the risk of market volatility, this stage is not necessarily the best time for their layout. Perhaps it will be possible to meet the layout needs of such funds until a more clear signal is bottomed out.

Under the background of reduction, the stock market rebound will also be dominated by stock funds. As for the new liquidity of the future market, or more complementary policies should be added to activate stock market funds and promote the overall utilization of market funds.

In the last three months, the A share market has undergone several irrational downturns. Among them, in the first round of irrational decline, that is, from mid June to early July this year, the stock market has accumulated a maximum decline of more than 35%. In the second round of irrational decline, that is, in the middle and late 8 months of this year, the stock market's largest decline has reached 28% during the period, and the market has been fully released.

However, after a series of irrational falls, it has a profound impact on the market value of investors in the A share market. Among them, the latest statistical data show that the current A share market accounts for investors in the market value of less than 100 thousand yuan accounts for a significant increase in the proportion. Among them, the number of accounts below 10 thousand yuan is 12 million 772 thousand and 800, accounting for 25.09% of the total, and accounts for 1 to 100 thousand yuan, accounting for 49.73%. The proportion of accounts for more than 100 thousand yuan has been reduced to 25.18%. However, in June this year, the proportion was 31.36%. This shows that, after the recent three months of irrational fall, it has already made an immeasurable impact on the A share market.

In fact, looking back at the recent three months of falling prices is actually related to the acceleration of "deleveraging" in the stock market. Among them, in recent two rounds of more significant decline in the stock market, " Deleveraging "The impact on the market is also great.

Taking the first round of irrational fall as an example, the rapid decline of the stock market at that time was closely related to the strict investigation of the market. At the same time, in the market "deleveraging" process, because of its excessive exertion and time-consuming, it also brought a fatal impact on the market.

As for the second round irrationality Down market On the one hand, it comes from the impact of the external market, and on the other hand, the market continues to accelerate the process of "deleveraging". As a result, under the multiple pressures, the market has once again become a trend of irrational decline.

Today, the "deleveraging" process of the A share market is coming to an end. However, with the recent management level providing a little room for the market to clean up the stock, it also slows down the pressure of "deleveraging" to a certain extent.

Then, after a sharp fall, A share market Is it worth reading the bottom?

In fact, for the recent three months of market trend, on the one hand, it belongs to the stock market accelerating the "deleveraging" process, on the other hand, it belongs to the stock market to accelerate the process of squeezing the bubble water. It can be seen that after the stock market's successive losses, it has substantially reduced the potential systemic risk of the market, and the market corresponding valuation pressure has also been essentially restored.

However, for the A share market, it is inseparable from the characteristics of capital driven. As a result, as the market "deleveraging" process is coming to an end, it will also bring another impact to the market, that is, leverage will weaken the market's leveraging, and the market's potential new liquidity influx will also be greatly reduced. So far, in fact, to a large extent, restricted the rebound of the stock market space.