Disc observation
On Tuesday, the Shanghai Composite Index rebounded above 3,600 points, and the turnover shrank by more than one trillion yuan. On the disk, brokers, leisure services, machinery and equipment, insurance and household appliances were among the top gainers, while media and real estate were behind. At the close, the Shanghai Composite Index reported 3608.34 points, up 2.18%; Shenzhen Component Index reported 15460.03 points, up 2.28%; Growth enterprise market index reported 3 180.35 points, up 2.83%. Northbound funds bought a net of 8.542 billion yuan all day, the fifth consecutive trading day.
market outlook
A brief review of the US "Beautiful 50" market shows that in the early 1970s, the US economy stabilized in the short term, but the prospect was uncertain due to the dollar crisis. In a relaxed liquidity environment, institutional investors chase leading companies with high profitability and stability, and leading enterprises, such as consumer goods and health care industries, continue to obtain valuation premiums, making beautiful 50 companies popular among institutions. However, the negative factors, such as the food crisis, the third dollar crisis and the oil crisis, which began in 1972, ended the beautiful 50-stock market. The soaring inflation level has impacted the profit growth trend of Beauty 50, and the deterioration of liquidity environment has curbed the high valuation premium. At present, the profit growth prospects of head companies in food and beverage, medicine, new energy and other tracks are still clear, and it is rumored that the trend of product release is slowing down, which may put some profit-taking pressure on high-valued group assets in the short term, but the conditions for the disintegration of the group trend have not yet been formed. Whether the trend of holding core assets centrally can be sustained may still depend on the inflation level and liquidity environment. Reflected in Tuesday's disk, the short-term repair of core assets was faster than expected, and the rapid start of brokers and insurance made the Shanghai Composite Index break through the high point in the past five years. Based on comprehensive judgment, we believe that the trend of core assets is still difficult to change, but the rising pace will probably slow down, and funds will look for more flexible opportunities in new fields.
Operation strategy
The rapid recovery of the market presents strong characteristics. It is expected that the upward trend of core assets will slow down, and funds will look for new investment opportunities, and continue to pay attention to resource products with price increase potential, low valuation finance and high annual report performance expectations.
The practice certificate number of Chen Da, the chief investment consultant, is s0260611kloc-0/0020.