The Simultaneous Collapse Of Stock Market, Bond Market And Foreign Exchange Market Is More Chill.

After the stock market crash, will China's stock market still form a slow bull market? Facing the tight background of capital market, what is the pressure and driving force of the stock market? This is determined by many factors.

In terms of economy, the figures released in November show that the industrial added value is better than expected, the total retail sales of consumer goods have increased and the price index has shifted from negative to positive.

The stabilization of the economy has undoubtedly injected positive energy into the enhancement of investor confidence. The pension market has opened up incremental funding channels, and the regulation of insurance funds is more conducive to the health of the stock market.

Judging from the recent stock market, though it is interfered by many bad factors, it produces a strange phenomenon.

When the Shanghai Composite Index hit a new high of 3301.21 in November 29th, the first week of December showed signs of weakness in the two Yin day k-lines. However, the market did not take it for granted that the market could continue to slow down again as long as it had a short period of shock and digestion.

But in the second week, there was a "black Monday" market with a low jump and 16 points.

However, with the increase of clip Yin, the market slowly rekindled.

But on the third week of Monday, the "black Monday" reappeared with a long Yin. At that time, the market began to waver on whether the market could continue.

While the stock market, bond market and foreign exchange market plunged at the same time, a chill increased, but the Bulls still hoped for the boots of the Federal Reserve raising interest rate on Thursday.

From the perspective of positive profits, it is believed that the market will see the bottom stabilize, but the Japanese K-line is still a broken line.

The market confidence has begun to fade as the housing leak has been hit by even the night rain.

The daily K-line on Thursday December 15th is the 13 trading day from 3301 points in November 29th. It is an important window of time.

Judging from the Shanghai Composite Index, the 3100.91 point in December 15th is only 31 points worse than the 2638 point starting from January 27, 2016. Once the 3069 point falls, the trend of the slow bull market is likely to be seriously affected.

What causes the stock market to fall like this? It is a criticism and supervision of the unfair selling of insurance assets. This does not seem to be the main reason, because objective analysis of venture capital entering the stock market should not be considered as a barbarian invasion. It only strengthens supervision, distinguishes capital compliance and investment compliance.

Therefore, in the medium to long term, venture capital entry is conducive to the healthy development of the stock market.

Then, the Fed raised interest rates announced in the early morning of December 15th, from the constant crying of wolf to the reality of wolf coming to the market.

Why did the stock market still produce two downward gap?

It seems that there must be deeper reasons behind the K-line.

When the Fed officially announced the increase in interest rates, the global liquidity began to reverse. The Xinhua News Agency commented that, as the world's largest economy and the main issuer of reserve currencies, the United States should pay full attention to the possible spillover effect of its monetary policy decisions, and coordinate macroeconomic policies with other major economies.

It can be seen that the Fed's interest rate increase is not only about the news itself and its own country, but on the global influence.

When the Federal Reserve raises interest rates, it means that the global currency begins to look for new directions, the differentiation of interest rates, the difference of monetary policy, and the advantages and disadvantages of currency varieties, so that funds will become global left and right.

A global

Ignited by the fuse of raising interest rates by the Federal Reserve.

In December 15, 2016, the Fed's interest rate increase reflected in China's financial market: first, the bond market, as the highest credit rating of the bond market crash collapse, continued for three years, bull market bond market instant bull and bear conversion, each period Treasury futures main contract fell from 101.6 yuan in October 24th to 94.555 yuan in December 15th, the 39 trading day fell 6.93%.

Two, the interbank market capital prices rose day by day, starting from October, overnight and 7 days and other short-term interest rates increased volatility, the GC007 interest rate rose from 1.8 in October 13th to 5.01 in December 15th.

Three, the foreign exchange market, the central parity of the RMB against the US dollar has hit a new low of six years, offshore renminbi has dropped 400 points against the US dollar, the offshore renminbi has dropped 300 points against the US dollar, and the central parity of RMB against the US dollar has been 6.9289, down 261 basis points from the previous trading day.

Four, the stock market was dragged down by bonds, and the banking stocks, insurance stocks and brokerage stocks closely related to bonds fell sharply. The Shanghai Composite Index fell 6% from 3301.21 in November 29th to 3100.91 at December 15th, while the Shenzhen composite index fell 8.35%, while the gem index fell 11.12% at the same time, and the net outflow of 23 trading days in the stock market.

Obviously, it is global.

With the US Federal Reserve raising interest rates showing qualitative changes, on the one hand, a large number of funds chasing high interest dollars caused the US dollar index to continue to record high. On the other hand, the global markets have depreciated due to the withdrawal of funds.

Low interest rates, zero interest rates and even negative interest rates are beginning to be cautious, and the continued push by US dollar interest rates will bring about a series of chain reactions.

For example, the cost of manufacturing is rising, and foreign trade starts to be reassessed.

There may be pressure, trade protectionism among countries will rise again, gold will fall and commodity prices rise, all of which will bring many uncertainties to the stock market in 2017.

When the index fell, big blue chips also fell, but most stocks rose. When the index rose, a large number of blue chip stocks rose, but the vast majority of stocks fell.

Therefore, the market feels that this market is a big stock market crash, and the market has fallen out of the bull market.

This shows that the market has gradually recovered in the bull market of more than half a year, and the popularity is gradually gathering.

From a technical analysis, this fall is still a reasonable adjustment on the rising trend line. Under the guidance of state owned enterprise reform and under the guidance of state owned enterprise reform in Shanghai, the structural market is still falling, and military industry, quantum communication, lithium battery, smart home, big health, clean energy and pollution control are brilliant in the hot wheels.

We can see that the trend of the slow cow is superficial, and the stock of the bull is the foundation of investment.

Will the bull market continue? Not in the Fed, not in the Shanghai and Shenzhen stock markets, but in your hands.

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