Investment Window Period Can Continue To Grasp The Best Opportunity.

Looking ahead, it is at risk release stage recently, but the better investment window period in the three quarter can continue. The main reason is that stock liquidity is still loose, and the performance of mid - term newspapers is expected to be better.

It is suggested that structural opportunities should be selected for layout.

On the plate side, we recommend steady growth of consumer sectors such as household appliances, liquor, and new growth vehicles, such as new energy vehicles, intelligent driving and so on.

This year, "three go, one down and one subsidy" has always been our country.

The core of financial work is to review the economic situation in the half year and look forward to the economic work in the second half of the year. "Three go down and one subsidy" is once again highlighted.

Because of the low risk preference at present, we are optimistic about the performance of the white horse standard, and maintain the Hong Kong stock's risk return ratio superior.

As well as the "Shenzhen Hong Kong Tong" event opportunity prediction in the context of the anticipated warming of Shenzhen Hong Kong Communications.

Looking ahead to the August market, the weaker shocks and greater structural differentiation probability.

First of all, macroeconomic data are neither warm nor unpopular, and do not support the overall strength of the two tier market. Only a few of the subsectors which are expected to exceed the expected performance or industry data can only support the structural market. Secondly, in the last week of July, the Politburo meeting stressed that "suppressing asset bubbles" and rumors of bank property and property management had a great impact on market risk preference, and stock funds and marginal incremental capital flows to undervalued and high interest rate stable value stocks.

Of course, we can also see the positive factors in the market, such as the initial results of the supply side reform and the expected warming of the SOE reform. These positive factors are expected to dominate the structural market in the second half of the year.

Therefore, as a whole, the market does not have the opportunity of trend.

In strategy, we should be cautious, control positions, select industry growth value stocks, growth persistence and certainty growth stocks, focusing on the big consumption areas, and pay attention to the reform of state-owned enterprises.

In the context of the central position, the CBRC tightened financial products rumors, and suddenly tightened the market.

This led to a more intense reaction from the market.

On the one hand, the stocks with high valuation and partial theme investment will fall back rapidly; two, the market will begin to reassess the high dividend yield varieties, and some stocks will go up quickly.

Although the Shanghai composite index did not decline significantly, the stock market declined significantly, and the overall market structure showed a defensive mentality.