"It's really evil, the peripheral market is actually cloudy for four consecutive years!"

At about 8:30 in the morning, at this moment, in the trading room of the main fund product of 'Yinghui No. 1', the fund product manager Liu Guanhai browsed the pre-market information, and stared at the entire Asia-Pacific stock market that was affected by the U.S. stock market, which can be described as a low opening across the board, and frowned: "The trend of the external market is broken, and the European purchasing managers' index in the third quarter, which was announced last night, is also seriously lower than expected, which shows that the European economic recovery is likely to be less than expected, and the global economic recovery situation is not optimistic."

In such a situation, the macroeconomic downturn will most likely affect the underlying logic of the bull market of A-shares!

The Shanghai Composite Index is at 3,500 points.

Originally, I thought it was a small pressure barrier, and it was not difficult to break through.

Looking at it now, without the cooperation of the right time and place, relying on the change of emotions and funds alone, it is still very difficult to really break through this position and completely open up the space of the bull market! ”

"There should be no problem with the underlying logic of the bull market in the A-share market, right?" Yu Lei, the head of the trading team of the 'Yinghui No. 1' fund, who was sitting next to Liu Guanhai, heard Liu Guanhai's slightly lacking confidence and responded, "The European economy, in fact, has not come out of the shadow of the financial crisis, and everyone's expectations for a comprehensive recovery of the European economy are not very strong.

Actually, in the current situation.

The core engine of global economic recovery has shifted to China.

Moreover, from the current introduction of various economic recovery and revitalization strategies, as well as various policy stimulus effects, the phenomenon of domestic economic recovery is still relatively obvious.

From the macroeconomic analysis, after six years of bear market tragic tossing market.

In fact, it still has the underlying logic of the bull market outbreak.

What's more, for the A-share market, the regulator's extremely protective attitude is also very obvious, and for the implementation of many macroeconomic strategies, we also need a bull market to alleviate the market's direct financing dilemma, so that more high-quality companies can be listed smoothly.

Therefore, from the analysis of various actual factors in China, there is no problem with the basic support logic of the bull market.

It's just the impact of the external market trend on the A-share market......

At present, this is indeed a bit negative, but as long as there is no problem with the underlying logic of the bull market, the overall macro capital side continues to loosen, the overall investment confidence and investment sentiment of the market, and even the money-making effect of the entire market, are still continuing to develop progressively.

So, I think the impact of the external market on the A-share market.

It should be decreasing.

That is to say, the marginal effect of its impact will gradually weaken, and our A-share market has the opportunity to get out of the independent market under the influence of the current macro, capital, and emotional factors.

In fact, looking at yesterday's market trend, you can predict one or two.

Didn't the U.S. stock market also close in a sharp decline last Friday? Don't you also expect that the U.S. stock market will most likely not be optimistic in the near future, and there is a possibility that it will fall below the bull trend line? So yesterday morning, the mood of the whole market was not good, at least it should be worse than the current market sentiment.

Sure enough, under this worry, A-shares opened lower.

However, the impact of the sharp decline in the external market only affected a low opening.

After the A-share market opened low, with the support of sufficient capital and the effect of the incremental capital group that continued to pour into the market, it quickly reversed and played a long white candle trend.

I think today, the market trend should be similar.

We are in the market has a high probability of entering a bull market pattern, and inside and outside the market, more and more investors have entered the market, and the logic of recognition of the bull market is becoming stronger and stronger.

We should always have a more positive attitude towards the trend of the market.

Of course, if the actual trend of the market does continue to fall short of expectations and get out of the bad expectation side, then we can only make corresponding trading strategy changes according to the actual trend development of the market. ”

"So...... Do you think we should continue to maintain a more optimistic investment attitude, hold a higher position, and wait for further changes in market conditions? Liu Guanhai rolled his eyes and looked at Yu Lei, "It's not impossible, but we should still prepare the corresponding plan!" ”

Yu Lei nodded and said, "Prepare the corresponding plan in advance, that's for sure." ”

As the two talked......

At the same time, within the same company, in the trading room of the main fund of 'Yinghui No. 2'.

Shao Xiaoyun, the product manager of the 'Yinghui No. 2' fund, stared at the Asia-Pacific stock market that opened low across the board, his brows were also obviously wrinkled, and said: "Looking at the emotional performance of this market, as well as the performance of the peripheral market, it is not good to say, the market will form a low opening situation today!" ”

"There is a high probability that it will be lower." As he spoke, Liu Changling, the trading team leader sitting next to him, responded, "However, it can also affect a low opening situation." ”

"Can it affect a low-opening situation?" Shao Xiaoyun repeated with a smile.

Liu Changling nodded and said, "Isn't it?" During this period, the impact of the trend of the external market has always shown a marginal decreasing effect on the A-share market, and the expectations of the core main lines of 'big finance', 'big infrastructure' and 'military industry', as well as the overall investment logic, are basically difficult to be affected by the trend of the external market.

As long as there is no problem with the basic logic of the core main lines of 'big finance', 'big infrastructure' and 'military industry'.

And in terms of regulators, the corresponding macroeconomic policy stimulus.

It is still continuing to stimulate the investment logic and future expectations of these core main lines, so when the future expectations of these core main lines are still in a state of continuous enhancement or continuous progression, it is still difficult for the market trend of these major main lines to continue to fall.

Since these core main lines have been sealed in the current situation, the channel and space for the decline have been sealed.

So, where can the market, which is mainly supported by these core main lines, fall? Or rather...... Where does the downward momentum come from?

This can be perceived from yesterday, the trend of the entire market.

I think that since the trend of the market bull market, and the corresponding bull market expectations, have been formed, and are being recognized by more and more investor groups inside and outside the market.

Then, this gradually deepening trend development, as well as the development of the market, will not be easily changed.

After all, the development of the market, as well as the gradual development of emotions, has a strong inertia.

As long as the current global economic macro and domestic economic macro aspects, there are no extreme fundamental changes such as the so-called 'financial crisis'.

Then, this trend can be continued.

What's more, the current market capital situation is essentially more and more abundant.

With more and more capital flowing into the market, it is basically impossible for the overall valuation level of the market to fall.

Actually, at this time, we really don't have to worry too much.

Not to mention the volume of our fund products, which is not particularly large, if you want to quickly reduce your position and take profit, you can do it at any time, just from the direction of the regulator, under the task of their strong desire to trigger a round of market bull market, even if the market suddenly appears a continuous extreme downward trend.

As the regulator of the market, it will definitely quickly introduce some blockbuster benefits to maintain the market.

That is, even if the market moves very badly.

In extreme cases, we have no time to get out of the way, and we don't have to worry about such future events that are unlikely to happen at all. ”

After listening to Liu Changling's words, Shao Xiaoyun pondered for a moment, stabilized his jaw, and responded: "That's right, I'm too sensitive. ”

"It's not sensitive, either." Liu Changling smiled and said, "The main thing is that it is not easy for us to improve the performance of our fund products, and we want to step on the market rhythm as perfectly as possible and reduce the possible net value drawdown, which is also a subconscious consideration, and it is no wonder that Manager Shao has such a psychological change." ”

Shao Xiaoyun nodded, and said with a smile: "You are relaxed!" ”

"If you don't suffer from gains and losses, it will naturally be easy." Liu Changling said, "In the stage of development of the bull market, it is natural to have some beliefs, isn't it often said that 'guarding stocks is like keeping widows'? I think as long as there is no problem with the fundamental logic of the stocks we hold, and there is no major change in the investment logic of the initial purchase, we should let the profits continue to run, and then until the overall trend of the market reverses, or its fundamental changes are no longer in line with the original investment logic, and then we will finally stop making profits and exiting. ”

Shao Xiaoyun bowed slightly, and said: "It's easy to say, but it's hard to do!" ”

As the amount of funds in charge is getting bigger and bigger, the pressure in my heart is getting bigger and bigger, and it is getting more and more difficult to do what Liu Changling said.

If you have a burden in your heart, then it will be difficult to stop your heart.

Thinking of this, Shao Xiaoyun couldn't help but be curious......

I can't figure out how the young Mr. Su, as the main fund product of the 'Yuhang system' in charge of 100 billion funds, maintains this change in mentality, and in the face of continuously changing market conditions and extreme market fluctuations, he can be like water and firmly hold his position.

Of course, he pondered it for a while, and felt that it was normal for him to not be able to figure it out.

After all, the other party is a real legend in the market, and he is just a small unknown fund product manager at present.

There is a huge gap between the two in terms of investment achievements and trading understanding.

Just as he was pondering, before he knew it, the time had come to 9:15, and the two markets ushered in the initial call auction again in the morning mood brewing and the collision of pre-market investment views.

I saw the hand of time, just past 9:15.

The stagnant market of the two cities began to change rapidly in an instant, and intruded the eyes and nerves of tens of millions, or even hundreds of millions, of investors inside and outside the market.

At 9:16, after a minute, the disk fluctuated rapidly.

The trend of the two markets has finally stabilized, and the market situation of the initial call auction of the two markets has finally become clear.

I saw that after a minute of short and rapid trading, the two markets presented, a number of industry plates, concept plates, and even most market stocks, all showed an obvious low opening trend.

Among them, the main lines of science and technology such as 'smart phone industry chain' and 'mobile Internet' led the decline.

The core main areas of 'big finance', 'big infrastructure' and 'military industry', as well as related industry sectors and concept plates, have maintained a slightly higher opening trend.

Of course, yesterday was affected by the 'Huake Sugon' and the 'sub-new shares' sector fluctuated violently.

At the beginning of today's call auction, it also showed a trend of opening sharply lower, directly leading the conceptual sectors of the two cities, among them, the core stocks in the field of its sector, 'Huake Sugon' is showing the opening trend of the 'one-word falling limit' in the form of a knife.