"Today's 'Southern Department' funds, buy a lot!"

After seeing the data of the dragon and tiger lists of the two cities, in the Shenzhen market, within the Xinniu Fund Company, in the main fund trading room, Mu Zhengxing, the fund manager of the 'Manniu No. 2', said with emotion: "Moreover, the direction of a large increase in the position of the 'southern system' funds is basically on the main line of 'big finance'.

On the other hand, the domestic community is operating in today's ...... It's a bit self-conscious.

Many institutions that sell the main line chips of 'big finance' and increase their positions in the low-level main line of 'big consumption, non-ferrous cycle, petrochemical, coal, pharmaceutical and commercial ......' are backhanded!

However, judging by the results of the closing......

The core main line of the market has finally returned to the core main lines of 'big finance, big infrastructure, military industry, and science and technology growth', but many popular core stocks in these core main line areas are still not so satisfactory, and the market divergence is not small.

Then there is the 'sub-new stocks', which has been the main line of concentrated speculation by short-term capital groups in the market recently, and today's trend is obviously a little worse than expected.

And other conceptual themes related to the line of 'sub-IPO' are also unsatisfactory.

In general, although the market closed out of the trend, the momentum and intensity of the obvious rise are not as strong as the previous few trading days, and the divergence between long and short on the disk is increasing.

In this form......

I'm thinking, even if this is not a short-term adjustment point, it is probably not far from the adjustment point, right? ”

After Mu Zhengxing finished speaking, his eyes quickly turned to Fang Xinsheng, the company's asset management business manager and the product manager of the 'Manniu No. 1' fund.

Fang Xinsheng noticed his gaze, bowed his head with a smile, and said: "Today, the domestic institutional groups that abandoned the 'big finance' main line chips and cut into the low-level main line chips are indeed a little self-inflicted, but from the perspective of market trend reaction, many domestic institutional groups, for the market cognition of the disk, as well as the judgment of the market pattern, are indeed short-sighted, and there is no medium and long-term thinking at all.

But if we say that this is very close to the short- and medium-term adjustment node......

Fang Xinsheng paused and continued with a smile: "I don't think so. ”

"Mr. Fang doesn't think so?" Mu Zhengxing was slightly surprised, and said in surprise, "According to the analysis of expectations, the short- and medium-term benefits that everyone expected before have landed today, and there is no clear short-term positive support in the future, only relying on the emotional interpretation of bull market expectations."

The line of 'big finance', it is still difficult to get out of the upward trend of the first half of the month, right?

What's more, the line of 'big finance' has actually risen so much, and it can be regarded as having fulfilled some expectations.

In this way, the accumulation of profit-taking orders will be good after the landing.

Most of them will continue to sell and reduce their positions in the direction of the main line of chips, just like many institutional groups in today's intraday profit-taking and profit-taking 'big finance' line.

And the impetus to buy ......

Today, after the 'big finance' rose and fell in the morning, it can continue to reverse and recover the intraday losses near the end of the afternoon near the end of the session.

I think the main reason is that today is the first day of the Shanghai-Hong Kong Stock Connect.

In the case that there is no direct channel to participate in A-share investment in the front, the 'southern system' funds have long been suffocated when they see the continuous short market in our A-share market, so they have entered the market on a large scale desperately today, and there has been a more extreme buying situation.

In other words......

This is the result of the continuous backlog of bullish sentiment and the accumulation of more than half a month.

It is also because of the new incremental funds of the 'southern system' that under today's extreme buying that exceeded expectations, it undertook the intraday sell-off and pulled the two markets back in the late stage.

If there is no extreme buying by the 'southern system' capital group today, there would be no extreme incremental capital group brought about by the opening of the 'Shanghai-Hong Kong Stock Connect'.

Then, the actual trend of today's market should be obvious to rise and fall.

Moreover, this pent-up bullish sentiment.

Once you find an outlet for catharsis, catharsis comes out.

Then, it is foreseeable that this bullish sentiment will gradually decline over time.

In addition, the overall number of funds that are extremely interested in the A-share market should be a certain amount.

Today is the first day of Shanghai-Hong Kong Stock Connect.

The 'southern system' will be the result of such a rapid influx of funds.

Subsequently, with the increase in the position of the 'southern system' capital group in A-shares, their new buying volume will obviously decrease.

In this way, this new main capital group entering the market has an impact on the market of the two cities.

As well as the impact on the trend development of the two markets, it will be significantly discounted, and it is naturally impossible to be able to undertake the concentrated profit-taking and selling so forcefully as it is today.

So I said......

The current market in the short term, it should be difficult to continue to break through on a large scale! ”

Fang Xinsheng looked at Mu Zhengxing with a smile and said, "Zhengxing, do you think that with the current liquidity of our big A and the turnover of the two cities, can the amount of 'southern system' funds support the market of the entire market?" Can it influence the general trend?

The market with a turnover of 800 billion yuan, the volume of funds pouring into the 'southern system'.

Even if today is the first day, buying is more active, it does not account for 2%.

Can this amount of money affect the entire market? Not really! Can the market move like this today...... The fundamental reason is the concerted force of the market.

Just based on the disclosed list of dragons and tigers in the two cities.

The stocks on the list with the 'Shanghai-Hong Kong Stock Connect' seats, you see, are other domestic funds buying more, or are the funds of the 'Shanghai-Hong Kong Stock Connect' seats buying more?

It can only be said that this batch of 'southern system' funds poured in through the 'Shanghai-Hong Kong Stock Connect' channel.

It has a keen sense of smell in the market and is a relatively smart core main fund in the market, but it is not the main capital that really leads the market.

At present, in terms of the volume of this capital that can enter the A-share market.

They also can't lead the market and change the trend of the broader market.

Today's core main lines of 'big finance, big infrastructure, military industry, and scientific and technological growth' can still fully rebound in the afternoon after the rise and fall in the afternoon, recovering the decline in the intraday, and once again out of the comprehensive rise of the 'strong Hengqiang'.

The fundamental reason is the continuous money-making effect of these core main lines themselves.

and its future certainty is expected.

And not the other...... What is the reason, it has nothing to do with the group of funds that come in through the 'Shanghai-Hong Kong Stock Connect'.

On the other hand, the low-level main lines of 'large consumption, non-ferrous cycle, petrochemical, coal, and pharmaceutical business ......'.

The reason why it once rose sharply in the intraday, but finally fell back helplessly, forming an obvious intraday upward and downward trend, and failed to gather its continuous money-making effect.

The most fundamental reason......

Or these low-level main lines related to the industry, as well as the main theme of the theme.

There are no clear signs of a reversal of expectations, as well as some positive expectations that can be expected and expected in the future.

When there is a very large expectation gap between the core main lines of the major markets of 'big finance, big infrastructure, military industry, and scientific and technological growth', and the low-level main lines of 'big consumption, non-ferrous cycle, petrochemical, coal, pharmaceutical and commercial ......', whether it is in the foreseeable future certainty, or the perceptible fundamental changes, and the most significant future expected expectations, the valuation gap between the two has not widened to fill all the expected gaps.

Regardless of the short-term rise of the relevant weighted stocks and industry leading stocks in the core main areas of 'big finance, big infrastructure, military industry, and science and technology growth'.

What a height the short-term gains have reached.

Then, in terms of investment logic and investment cost performance, they still exceed the corresponding weight stocks of the low-level main line such as 'large consumption, non-ferrous cycle, petrochemical, coal, pharmaceutical and commercial ......', and the leading stocks in the industry.

Since the investment logic and investment cost performance of the two are better or worse, it is still very clear.

Then, the broad group of investors in the market, especially the group of smart investors, is very obvious in terms of investment choices and buying choices.

This is the reason why many funds today have failed to guide the market to 'switch between high and low'.

It is also the reason why the line of 'big finance' can be strong and strong, continue to refresh new highs, and break everyone's market expectations in a row.

So, obviously......

Although the line of 'big finance', especially the technical trend of the securities sector and the Internet finance sector, has obviously deviated from it, its upward trend and the continuous money-making effect it has shown have remained at a very high level in the market turnover and are still rising.

It's never time to adjust and finish.

And what's more......

You just talked about the short- and medium-term benefits of the main line of 'big finance'.

Zhengxing, do you think that in the past half a month, the main capital groups on and off the market have increased their positions on a large scale, pursued the core main line of 'big finance', and grabbed the chips of the core stocks of the securities and Internet finance sectors, and the leading stocks in the industry. ”

Mu Zhengxing saw Fang Xinsheng asking, and replied with a smile: "That's naturally not only the case, the main long-term investment logic, as well as the underlying logic, is still expected to go bullish, or form a comprehensive bull market, which will bring about the two-way growth of market turnover and financial balance, and then drive the performance growth of brokers, banks, and insurance." ”

"It's more than that." Fang Xinsheng said, "The market supports the line of 'big finance', and the biggest potential expectation of such a soaring surge has not landed at all, not only has it not landed, but it is also in the process of being hazy to becoming more and more clear, in other words, until now...... This biggest potential positive expectation, both inside and outside the market, has just begun to ferment rapidly and profoundly affect the market's next market. ”

"Mr. Fang refers to ......" Mu Zhengxing had some doubts in his heart.

Fang Xinsheng said: "The biggest potential positive expectation of the main line of 'big finance', which is changing from a hazy period to a bright period, is the central bank's monetary policy turn."

As long as this expectation is good, it can be clear.

Then, there will be a great loosening of the macro capital side.

What this will bring to the market will not be 100 billion or 200 billion incremental funds, but most likely trillions of incremental funds.

This incremental capital group is compared with the landing of the 'Shanghai-Hong Kong Stock Connect'.

That's the difference between a river and a small pond.

The reason why the line of 'big finance' is so strong and so aggressive, and at the same time, everyone's expectations for a comprehensive bull market in the market are becoming more and more firm.

The root cause of this is the current market.

There are already quite a few community groups, as well as various major funding groups.

It is expected that in the short and medium term, the central bank will make a decision to turn monetary policy, and there is a high probability that the monetary system will be loosened and interest rate cuts and RRR cuts will exceed expectations.

This is the most important expectation and hype logic to support the continued bullish market situation.

It is also the fundamental reason why the main board of the market has weighted blue-chip stocks and the leading stocks in various industries much stronger than the small and medium-cap concept stocks in the last half of the month, and even in the second half of the year.

So, ah, analyze from this logical line.

Not only can we not say that the market expectations that support the popular core main lines of the market of 'big finance, big infrastructure, military industry, and science and technology growth' have landed, but they can be all good expectations, which are in extreme fermentation, and their strong upward trend is far from the time when the expectations are fulfilled and the adjustment is reversed.

Many capital groups who have not carefully analyzed the market and have not carefully sorted out the market news.

At this time.

I feel that by taking advantage of the "Shanghai-Hong Kong Stock Connect", "China Securities 500 Index Futures" and "A50 Index Futures" related to the landing, we can do the main line market rotation of "high and low switching", so as to seize the opportunity of the main line market switching, eat the excess profits at both ends, and timely harvest the "southern system" funds that pour in through the "Shanghai-Hong Kong Stock Connect" channel.

In fact, it's just a foolish practice of pretending to be clever and not recognizing the essence of the market, market changes and trends.

But well......

Such a wave of false and false rotation.

Let the profit groups that were originally in the main line of 'big finance', holding shares not firmly, take profits and reduce positions on a large scale, and at the same time take advantage of the trend of a number of low-level main lines to rise and fall to trap a wave, but it will also help the main line of 'big finance' in the future market to continue to break through.

At the same time, it will also help the market to develop.

Inside and outside the market, the active main capital groups have further gathered in the core main areas such as 'big finance, big infrastructure, military industry, and scientific and technological growth'.

In general, today's market trend of the two markets.

Although the process was somewhat unexpected, the result was ...... It's still slightly beyond expectations. ”

"The central bank's interest rate cuts and RRR cuts ......" After listening to Fang Xinsheng's series of in-depth analyses of the two markets, Mu Zhengxing finally understood and said, "This expectation, in the short and medium term, or before the end of the year, can it really be realized, can it really be implemented?" ”

Fang Xinsheng said with a smile: "I don't know, but as long as the market has this expectation, and the expectation is getting clearer and clearer, everyone's expectation consistency is getting stronger and stronger, isn't it?" You know, what supports the rise of stock prices is the stronger and stronger expectations, not the fulfillment of the final expectations, as long as there are expectations, and everyone agrees with the logic of this expectation, as for whether it can be fulfilled in the end, it does not matter. (End of chapter)