It's under this emotional interpretation.

In the evening, due to the relatively stronger macroeconomic data released by external market institutions than the market generally expected, the U.S. stock market directly opened higher again, and once again hit a new high in the recent rebound, and once again not far from its record high, fully rebounded into the bull market trend that has lasted for several years.

And the worries that the U.S. stock market continues to open high and move higher, and the break, have completely disappeared.

Stock markets in other countries in the peripheral markets also followed suit.

At the same time, the sentiment of the domestic financial market, stimulated by the general opening and high movement of the peripheral market at night, is also further excited and high-pitched.

Many of them are still asleep and immersed in the online world.

I can't help but constantly refresh the market interface of the peripheral market trend, and I have the expectation of tomorrow's market trend and the trend of the stocks in my hand in my heart, which is already a price limit.

Eventually, when the next day came, Friday, November 28, early in the morning.

The vast number of domestic investors who woke up saw that the peripheral market was booming, and the most important U.S. stock market, the Dow, Nasdaq, and S&P 500 were all opening high and going high, rising more than 2%.

And, stimulated by the trend of U.S. stocks last night.

The entire Asia-Pacific stock market, which opened before the A-share Hansi Composite Index and Nikkei Composite Index...... All of them opened sharply higher, which further stimulated the domestic pre-market sentiment.

"This pre-set hot sign, it feels ...... It's kind of crazy enough! ”

At about 8:40 in the morning, Yu Hang, Minghui Capital Company, in the main fund trading room, He Hong, the main fund product manager who had come to the company and had a morning meeting, sat in front of the computer at work, refreshing and browsing the morning information of the domestic and foreign markets, as well as the investment sentiment feedback of the majority of investors on the stock discussion platforms on the whole network, and sighed: "At a glance, as far as the eye can see, it is not good, or everyone is excited to sing more discussion topics, it seems that the entire market, all investor groups, have all evolved into longs." ”

"Huh...... The emotional performance before this game is indeed a bit crazy. Hearing He Hong's emotion, Xu Zhongji, general manager of the company's asset management business, who had just walked into the main fund trading room, responded with a smile, "However, at home and abroad, looking at the information presented, it is all kinds of positive, coupled with the original hot money-making effect of the domestic market, it is not surprising that there is such an emotional performance." ”

"Such an overheated emotional manifestation...... I felt a little apprehensive. He Hong saw Xu Zhongji, nodded slightly, and continued, "Every time the majority of investors in the market are bullish, it seems that the actual trend of the market is obviously less than expected. ”

Xu Zhongji said: "Through the analysis of historical market trends, this is true, but ...... Let's make trading, we still can't just rely on feelings. ”

"That's just as well!" He Hong bowed slightly.

Xu Zhongji paused for a while and continued: "The bull market atmosphere of the market has been completely activated, the Shanghai Index is at 3600 points, there is no huge pressure, at present, there should not be much risk, even if the index is repeated in this position, there should not be extreme plummeting fluctuations." ”

"The plunge is certainly not going to be." He Hong said, "I am afraid that the main line style of the market will be switched, after all, the current series of core main lines of 'big finance', 'big infrastructure', 'military industry', 'new stocks', 'film and television media', related industry sectors, and core concept stocks have all reached short-term highs, such as 'Flush', 'Oriental Wealth', 'Bluestone Heavy Equipment', 'China Investment Capital', 'Western Securities'...... These tickets, yesterday's disk, there is also a relatively large long and short divergence, although the stock price of these tickets is still rising, but the demand for adjustment, should be more and more intense.

At this time, if the main group of funds in the field.

It is not impossible to use the logic of "high and low switching" to do relatively low-level "big consumption", "mobile Internet", "smart phone industry chain" and other main lines that are expected to be not bad in the future, such as "big finance", "big infrastructure", "military industry", "sub-new stocks", and "film and television media".

If the main line of the market changes...... Then our current position will be relatively passive. ”

"The core of the market is switching directions?" Hearing He Hong's concern, Xu Zhongji muttered, then pondered for a moment, and said, "It shouldn't be, the current market, in the short term, the biggest positive expectation is that the central bank will cut interest rates and reserve requirements as everyone rumors next month."

There is this positive factor.

The core main capital group of the market, in the direction of the market, should not deviate from the core main line of 'big finance'.

After all, regardless of whether this major benefit is true or not, whether it can be realized or not, for the time being, at least there is a strong expectation, and if there is an expectation, there will be a market.

At present, the line of 'big finance' is still the core main line with the strongest expectations and emotional feedback in the market.

I think ......

With the further rise of bullish sentiment in the market, and the further aggressive development of investment risk appetite in the market.

In the market, such as 'big finance', 'big infrastructure', 'military industry', 'film and television media', 'new stocks' and other main line areas, not only will not weaken, but will further intensify, forming a more radical main upward trend, and the market trend of related core leading stocks and blue-chip weighted stocks should also become more and more exciting. ”

"Why is that?" He Hong asked in confusion.

Xu Zhongji smiled, and then said: "You won't understand the truth of 'the strong are stronger, and the weak are weaker', right? With the increase in market risk appetite, everyone naturally wants to earn excess returns, and where does the market most likely to generate excess returns come from?

Only the core main line area is in a number of popular stocks that focus on the attention and discussion of the entire market.

Moreover, there are a number of popular stocks in the market.

In fact, it is also caused by the concentration of the entire market active capital group.

In other words, these popular stocks can get out of the trend that is much stronger than the broader market, can continue to unite the main capital groups to follow the trend, and can continue to make the funds holding these stocks obtain excess returns in the market, in essence, it is also a particularly solid underlying logic.

That is to say, these tickets, although the current short-term trend position, is generally not low.

However, regardless of the short-term and medium-term speculation logic and the long-term investment logic, these tickets are still the best expected and most cost-effective stocks in the entire market.

Got it.

It can also be fully understood that under the condition that the market continues to develop and the market investment risk appetite continues to rise aggressively, why the main funds and a large number of active short-term capital groups will further concentrate on the speculation of a number of popular stocks and weighted leading stocks in the market.

Substantively......

This is also like 'Blue Stone Heavy Loading', 'Huake Sugon', 'Straight Flush', 'Great Wisdom', 'Shanghai Ganglian'...... This batch of market demon stocks can continue to play a new height of speculation, continue to attract market bullish sentiment, and comprehensively drive the fundamental reason for the market's money-making effect. ”

After listening to Xu Zhongji's answer, He Hong pondered carefully for a while, and continued: "According to Mr. Xu's meaning, the Shanghai Index will most likely continue to break through upwards in the current position, and the core main lines of 'big finance', 'big infrastructure', 'military industry', 'sub-new stocks', and 'film and television media', as well as their related hot stocks and weighted blue-chip stocks, will also further break through?" ”

"Most likely." Xu Zhongji said, "Of course, this is just my prediction, and whether the market can form such a trend in the end depends on the real trend feedback of the market." ”

He Hong continued to nodded, thought for a while, and then said: "If the market is expected to develop like this, then we should make the corresponding plan and prepare for the corresponding position adjustment." ”

"How are you going to rebalance?" Xu Zhongji asked.

He Hong responded: "Naturally, it is the idea that Mr. Xu just said, 'the strong are stronger, and the weak are always weak', since the market trend, as well as the trend of the core main line related constituent stocks, under the extreme bullish sentiment, under the general and rising investment risk appetite of the market, there will be a clear divergence trend."

Then, we should reduce the stocks in our fund products that have shown a decline and can no longer outperform the broader market index.

Then take the position that was reduced by selling those stocks.

Concentrate on the core main line of popular weighted stocks, which are still scarce chips in the market, to further capture the excess returns of the market. ”

"Well, that's reasonable." Hearing He Hong's idea of adjusting positions, Xu Zhongji nodded, "There is no doubt that under the condition that the market bull market pattern will not change, once the market is differentiated, the active main capital groups will definitely converge in the leading direction." ”

He Hong said: "Since Mr. Xu thinks there is no problem, then I will formulate a position adjustment strategy according to this idea." ”

After speaking, he didn't wait for Xu Zhongji to answer again.

He quickly stood up and conveyed the strategic ideas discussed by the two of them to the three groups of traders in the main fund trading room, and asked them to implement the relevant trading plans according to the requirements of this strategy after the market opened.

And with this discussion between the two......

It's 9 o'clock in the morning, and there are only 15 minutes before the initial call auction.

And at the moment when the two decided to change their trading strategy and further concentrate their positions to grab excess profits in the market, it was almost the same moment.

Yinhua public fund company in Yuhang.

In the internal trading room of the 'Yinhua Value Investment Mixed Selection' product, Zhou Yang, the fund manager of this fund product, stared at the two markets that were about to open, and also had the idea of changing his trading strategy, further concentrating his positions, and embracing the strong main line of 'big finance'.

"Zhu Peng, what do you think...... At this time, if we continue to increase our positions in the core stocks of the main line of 'big finance', and increase the weight of the positions of the corresponding weights of popular stocks in the main line of 'big finance', especially in the securities and Internet finance sectors, will it be appropriate? Zhou Yang turned his eyes to the head of the fund trading team and assistant fund manager on the side, and asked, "I always feel that the market trend will further concentrate on the weighted stocks in the popular main line areas such as 'big finance', 'big infrastructure', and 'military industry', and the corresponding concept leading stocks!" ”

Zhu Peng heard Zhou Yang's inquiry, thought about it, and responded: "Mr. Zhou thinks it is appropriate, then it is appropriate, but I think it ...... Let's chase the position at this time, grab the chips of these popular weighted stocks, and do not have a cost advantage, what if we chase in, the market suddenly has a sharp pullback? ”

"It's okay to have a callback or something." Zhou Yang said, "On November 10, didn't the market have an extreme pullback? Didn't you quickly retract it later? In the bull market, extreme pullbacks are not a selling point, but a good selling point!

Seriously......

We should be happy that there can really be any extreme pullback in the current market.

After all, our fund products, in the previous market, did not fully step into the rhythm of the market, in the 'big finance', 'big infrastructure', 'military industry' on the core main lines, the position chips are relatively insufficient, and the net value performance is difficult to continue to outperform the market's large-market index.

If the market can have an extreme correction and allow us to fully rebalance, it is really undesirable.

However, in terms of the current market sentiment feedback, as well as various positive factors inside and outside the market, such as external market trends and follow-up positive and continuous stimulus......

I'm afraid that the market will continue to force the short upwards in this position, and it will never return!

Our position on the core main line of the market is insufficient, and if the market continues to rise short, it will go straight to more than 4,000 points in one go.

Then we will completely step on the main line of the market, and the net value performance of the fund at the end of the year will also be ugly.

Hey, missing the opportunity and stepping on the market is really worse than losing money. ”

Zhu Peng glanced up at Zhou Yang, thought about it carefully, and knew that Zhou Yang's heart must be biased towards position adjustment, and couldn't help but say: "In this case, then I am in favor of position adjustment, it stands to reason that the money-making effect of the market is becoming more and more popular, and the development of volume and energy is also rapidly approaching the 1,000 billion mark, which is visible to the naked eye...... There are also large quantities of over-the-counter funds that continue to enter the market, and at the same time, the news inside and outside the market is also all kinds of good news.

Under such a hot bull market, the Shanghai Composite Index is before it really touches the 4,000-point mark.

I don't really see any strong hard disk pressure.

In this case, the risk of adjusting and concentrating positions and continuing to go long is indeed not large, relatively speaking...... It's definitely better than our current static position. ”

"Okay!" Zhou Yang said with a smile, "Since you agree, then adjust your position and directly increase the weight of our fund products in the direction of 'big finance' to 70%." ”

Zhu Peng nodded, and then quickly conveyed the corresponding instructions to the traders in the trading room.

Let everyone wait for the market to open and trade according to the corresponding strategy.

When Zhu Peng had just finished issuing the corresponding trading strategy, the market trading time had reached 9:15, and the stagnant disk began to beat rapidly.

After a one-night hiatus, the two markets once again ushered in call auction transactions. (End of chapter)