What Is The Driving Force For The Big Jump To The 3100 Point?

Since the beginning of this year, although the government has set this year's economic growth target in the 6.7%-7% interval, because of the government's policy of "three go, one drop and one subsidy", the domestic and foreign economic circles and investment banks generally hold "China's economic stall theory", and think that this year's economic security is 6% dangerous.

Following last Friday's closing point of 3086 points, the market continued to make efforts this week.

For another 5 days, it has jumped to 3100 points, the new platform, and is the highest platform in the year.

But on the 3 day after this week, the market suffered a severe concussion and dived to 3100 o'clock every day, thus increasing people's concern about whether 3100 would be short-lived.

Attacking 3100 platforms is as important as standing on the line.

To judge where the future market will go, it is necessary to find out what drives the market to jump to the 3100 point.

3 quarters of the past, China's GDP growth still surrendered 6.7% bright answers.

In particular, the surplus capacity has achieved initial success, the contribution rate of consumption to the economic growth has been unprecedentedly raised, the proportion of new industries has increased significantly, the unemployment rate has not seen for many years, PM has been pformed for the first time in 4 and a half years, and there has been a good sign of economic pformation.

It is coincidence that the third quarter of the economic data released on the day is the market jumped to 3100 points.

In the process of several devaluation of RMB since the beginning of the year, many investors are basically viewed in the traditional financial theory of "exchange rate rise = stock market rise, exchange rate depreciation = stock market fall".

However, when people gradually find that the trend of international financial market has overturned this traditional theory in recent years.

After the global financial crisis in 2008, the dollar, euro and yen have depreciated sharply, but their economy has stabilized. The stock market has risen two times.

In the near future, when the United Kingdom took off from Europe, the British stock market also rose sharply despite the sharp decline in the pound.

As a result, more and more A share investors have renewed their ideas and gradually realized that the moderate depreciation of the RMB is positive and positive for China's economic growth, and also has a stimulating effect on the stock market.

After the national day, the stock market went up, especially in the late October. The new platform on the 3100 lines of the last year's line and the station was synchronized with the RMB's innovation and low value.

In September, when the price of real estate rose to a level of madness, A shares went back and forth, and funds flowed out, and daily turnover dropped to about 3100.

During the national day, under the guidance of the government, the 21 cities introduced stringent policies of real estate regulation. After that, the volume of stock market changed significantly: both on Sunday and 441 billion on Sunday, 481 billion on Sunday and 523 billion on Sunday.

This shows that in today's financial products, bond market yields low, the housing market can not speculate, social capital to maintain value added, only the stock market one way.

This is consistent with the policy orientation of "promoting household savings to equity investment" by the State Council.

This week, the long-awaited pension market entered the market. Finally, the Ministry of human resources and Social Affairs announced the most clear timetable for the year to start the pension investment operation and announce the list of the first management institutions.

This means that the pace of pensions entering the market is approaching.

Although the pension system does not bear the task of "supporting the market", although the first batch of market entry funds can not be too much, its positive effects should not be underestimated.

Even the pensions known as "raising money" will enter the market. That shows that the stability of the A-share market after the rare stock market crash last year has been recognized by the top government and has the investment value of A.

This will greatly boost confidence in the market's share of the fate of pensions.

Besides, it has great appeal and multiplier effect for new funds outside the field.

With regard to the timetable for the opening of Shenzhen Hong Kong Tong, the management of the mainland and Hongkong has already announced the timetable for "opening in November".

On the two day of this weekend, the management asked the major brokerages to upgrade the system, obviously for the opening of Shenzhen Hong Kong through mid November, and make adequate technical preparations.

Recently, some funds are also being placed ahead of time.

According to data provided by EPFI, a capital flow testing agency, as of last week, there was a net inflow of funds for 4 consecutive weeks in stock funds that tracked A shares, H-shares and red chips.

Hong Kong stock fund is a continuous 12 weeks of net inflow of funds.

This shows that as the A share market is becoming more and more open, the allocation ratio of overseas funds to A shares will have much room for improvement. The theme of Shenzhen and Hong Kong will become a catalyst to boost the stock market in November.

Just like last year's national day after the national day, 3052 to 3684 points or 20.7% increase of the "autumn grab" market, more than most people expected, this year after the national day, is also in the majority of people do not optimistic about the 4 quarter market situation, "autumn grab" market as scheduled.

So far, the Shanghai Composite Index has risen 100 points, 3.3%.

And continue to conquer 3078 point gap, 3086 point line, 3100 points integer barrier three barriers.

And, in the first 3 quarters of this year, there has been a lack of decent quotes.

Even the annual "Chun Sheng" market has been strangled by "fusing" and registration system. The Shanghai composite index is still 435 points lower than the 3539 closing index at the end of last year.

The vast majority of institutions and investors are still losing money.

In this case, whether the national team, social security funds, or insurance funds, public offering funds, private equity funds, QFII, RQFII, or industrial capital, investment institutions and small and medium-sized investors, there is a strong desire and demand for a wave of "eating" at the end of the year.

Just like the biggest problem of eating in the world, the stock market is also the biggest problem of "eating".

For example, PPP, debt to equity swap, restructuring of central enterprises, mixed pfer, equity pfer, supply measurement reform, local state assets reform, private enterprise asset restructuring, technological innovation, pformation and upgrading, cap picking of stocks, small positioning new shares, etc. will all be pushed up by various funds, leading to active stock market, creating money making effect and attracting off court funds.

Although there are different opinions on whether or not the 3100 platforms can stand firm, there may be some repetition. But it is important that this year, every 100 point platform has been built very solid: the 2800 point platform closed for 41 days, the 2900 point platform closed for 57 days, the 3000 platform closed for 54 days, and the 3100 point platform closed for 12 days.

As long as the five week moving average (now 3059 points) is not broken, we must adhere to the multi market thinking, and make every effort to control multiple positions under the premise of controlling the positions.

I believe that, in a few days, when the market can rise to the top of the 3130 key points, the market will gradually shift to the top of the market after shaking up the stock market and changing the market focus. The probability of hitting the top of the 3200 shocks in November will be great.