The Fed Cut Interest Rate A Shares Out Of The Independent Market, Frequent Differences And Intensified Fund Managers Return To The Main Line Of Achievement.

After the US Federal Reserve cut interest rates, A shares did not follow the US stock market in March 4th, but went out of the independent market. On the same day, the Shanghai index rose 0.63%, and stood on 3000 points again, the Shenzhen Composite Index rose 0.08%, and the gem index fell 0.18%.

On the evening of March 3rd, the Federal Reserve lowered the federal funds rate 50bp, which is the largest emergency rate cut since 2008. But after the news came out, the US stocks only pulled straight up in a short time, and quickly fell back. The Dow Jones index fell more than 700 points, and the three big indexes fell nearly 3%.

"A shares have withstood the impact of the outbreak and the impact of the US stock market crash. On Wednesday, the A share market did not follow the US stock market crash. Instead, it showed a trend of concussion, indicating that the bull market characteristics of the A share market are becoming more and more obvious." Yang Delong, chief economist of Qianhai open source fund, said.

Fund managers believe that next year in the annual report quarterly disturbance, the A share market will frequently switch hot spots.

A shares get out of independent market

"The sharp drop in US stocks will create greater pressure on the global capital market, especially the short-term trend, but the impact on the A share market will be short-lived. The valuation of A shares is a valuation depression in the global capital market. Therefore, the US stocks have reached the top. Instead, they have prompted some foreign capitals to profit from the US stocks and go to the A share market. Yang Delong said.

The Investment Fund believes that the peak period of domestic epidemic has passed. At present, market valuation is still below the historical center, and there is no room for substantial adjustment in the market as a whole.

The research center on the grid thinks that the mode of releasing water has been opened overseas, the interest rate of the whole world has been falling down continuously, and the loose space of our country will also increase. The valuation of superposition A shares still has the advantage. In the long run, A shares have strong attraction; in the short term, the epidemic situation in China has gradually changed from the outbreak stage to the stable stage. At present, the disturbance of A shares is due to the aggravation of the spread of overseas epidemic. However, this probability will only change the rhythm, but it will not change direction. A shares still have investment opportunities, and investors can grasp the rhythm operation.

Focus on performance lines

"A shares fluctuated little, I did not do too much operation." On the morning of March 4th, Li Kejie, general manager of Hongquan private equity fund, said.

But in the afternoon, the gem showed a drop of over 2%, and technology stocks plummeted. On the same day, stocks such as gold stocks, big capital construction and net red economy rose, and the closing price of gem closed down to 0.18%, and the stock index rose 0.63%.

In the afternoon, Li Kejie began to buy in the deep market crash. "A shares bought some stocks when they fell sharply and sold them before closing."

Since last week, A shares have become more frequent, with frequent styles switching. Should we go or should we stay? Let investors tangled.

"The recent hot switch is more frequent, which is related to the institutional adjustment, but it is mainly related to the market hype style." In March 4th, Zhao Lisong, chairman of the upper German Valley investment, said.

"The next hot market must be balanced, hot switching will be more frequent, technology stocks will rise for a period of time, followed by cyclical stocks, or blue chips, a big vote, that is, switching between small and large votes." Zhao Lisong said.

Zhao Lisong explained that soon after the April annual report and the quarterly announcement time, some companies performed well last year, and the annual reports were pretty good. However, the epidemic will affect some quarterly results of some companies, and the market may fluctuate accordingly.

Private equity bank row future star fund manager Hu Po also believes that the recent A share market volatility will increase, "the recent volatility of the external market has an impact on short-term market sentiment, and A shares are expected to show high volatility characteristics."

He believes that the band operation may be more suitable for the current market, at this time underestimate the value of high dividend assets defensive advantage or will be reflected.

"The recent trend of A share market is still uncertain in the short term. Before the technology sector rose relatively large, but the March and April annual report and intensive disclosure of a quarterly report will promote more attention to the performance of the market, market style has the possibility of switching to blue chips. In March 4th, Yuan Huaming, general manager of Hua Hui's wealth investment, said.

However, Yuan Huaming said that the current market valuation still fully reflects the impact of the epidemic and favorable policies, combined with the uncertainty of the development of the epidemic and the policy, "too pessimistic or over optimistic at this time is not necessary. With a relatively heavy position in the technology sector, investors can moderately reduce positions or adjust positions to balance the risk of volatility in the technology sector.

However, some fund managers still keep their original investment style and ignore the frequently changing market style.

"We have not changed the main line of investment, and still optimistic about the investment opportunities of the future technology industry, focusing on the three major areas of new energy, 5G application and semiconductor industry." On the same day, Zhai Jingyong, general manager of banyan investment, said.

He said that the new energy, 5G application and semiconductor industry is the industry that has been deeply excavated and studied, and has more than 10 times growth space in the next 5-10 years. It is also a new engine for future national economic development. At present, the changes in these fields are just beginning. I believe that with the rapid development of the industry, more and more high-quality technology companies will continue to emerge. In the future, a number of the world's top technology innovation enterprises will emerge. (Editor: Wu Yan Ling)

?