At The End Of The Year, The Market Will Maintain A Concussion Pattern In The Beginning Of The Year.

Last week, the real estate and financial sector led to big waves of blue chip stocks, which brought strong stimulation to the slightly dull market at the end of the year. According to the reporter interviewed a number of front-line private placement people, they believe that the market is still a stock market game, and the blue chips rise is a pulse market, which is difficult to sustain and will not increase the position.

At the end of the year, the market will maintain a concussion pattern.

Is "big" or "small"?

Wei Shangyun, President of Beijing Yuncheng investment company, told reporters that the short-term market style switching is normal, but it may not be sustainable. "Affected by the macroeconomic environment, the pformation is not so fast. It is very difficult for blue chips to continue to perform, but it does not exclude stage performance.

Price is the key factor, growth stocks have risen a lot, although blue chips are still insufficient on the basic level, but the price is cheap enough, and may rise. "

Shanghai Hui Li general manager of assets, he Zhen also said that the blue chips need to increase capital, but now the market is still stock game.

At the same time, the fundamentals of blue chips are not very good.

There is not much room for valuations to be repaired.

Since blue chip opportunities are not large, how to do private placement at this stage?

This reporter has learned that private placement has generally reduced the number of positions, and some only have some high-quality growth stocks, and some blue chips have grown up on two legs.

A private big man in Shenzhen also said that after a substantial rebound, the market's risk return ratio is no longer so attractive, and he tends to look at low positions.

Investors have doubts about the year-end market.

In the private sector's view, the market should not have too many opportunities at the end of the year, but it is optimistic that the incremental capital will enter the market in the first quarter of next year to boost the market.

The Beijing private investment director said that it was difficult for the incremental capital to enter the market in December.

However, due to the continuous decline in interest rates and serious shortage of asset allocation, in line with the "red envelope" market at the beginning of the year, he speculated that the incremental capital will slowly enter the market in the first quarter of next year, and that the market atmosphere will be better.

"There may be a change of style in the market, but there will be a drop in the small cap stocks, but the high quality will come out.

Optimistic about China's manufacturing 2025, intelligent equipment manufacturing and other industries, as well as emerging industries and concepts that represent future directions, such as "shared economy", virtual reality, electric vehicles and so on.

A large private investment director in Beijing told reporters that blue chips rose a few days last week, and that some big institutions might have run in to create a better market atmosphere.

The valuation has reached more than 100 times, and there is a big bubble.

"In this case, we will buy a small number of large stocks for short-term games, and the main focus will be on small and medium value market black horse and pition growth stocks."

The investment director said.

Wei Shangyun said that the market will be better in the future.

Short term increase is too large, adjustment is normal, in the shock market, positions need to retain the mobile space, so that the move will be more convenient.

But he also believes that there will be several uncertainties in the market next year. First, the Federal Reserve will raise interest rates at the end of the year. Although the market has expected, it will worry about whether it will continue to raise interest rates next year and impact on emerging markets. Two, at the beginning of next year, large shareholders will not be able to reduce the impact on the market after their expiration. Three, it is possible that the registration system will be implemented next year, which may have an impact on small cap stocks.

Wei Shangyun also said that the market is still in the bull market, but the future will accelerate differentiation.

The market is expected to hype for reform for a long time. In the future, it will enter the landing and verification period of the reform.

"The market will have a new wave of rising opportunities, but individual stocks will continue to differentiate, and companies that can pform or even exceed expectations will get out of the good market."

Wei Shangyun said.

Private placement: at present, the market is still a stock game. The rise of blue chips belongs to the impulse market, which is difficult to sustain and will not increase the positions.

At the end of the year, the market will maintain a concussion pattern.