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See moreBeautiful "50" will lead the broader market to continue to rise
Essence Securities Zhang Deliang: A shares "pretty 50" into the valuation premium period
Currently, the A-share, which is strong for more than a year, is "pretty 50" and has gradually entered the valuation premium period and is now supporting the broader market as a whole. This strength is expected to continue.
At present, the fundamental factors that support the vitality of the stock market are not some macroeconomic data in the short to medium term, but the general direction of economic development. The development of China's economy has stood at a new starting point. In this context, the direction of the stock market investment has been quite clear, there are generally three directions.
First, the area of consumer upgrades, focusing on brand consumption, as well as pensionInsuranceAnd health services, culture and entertainment. Second, the manufacturing industry to high-end development. The first is the basic industries, supporting the transformation and upgrading of traditional manufacturing industries, such as electric vehicles (EV), the decisive is the intelligent manufacturing (AI), high-end manufacturing (high-speed rail, nuclear power, aviation). Third, environmental governance under ecological civilization. Key areas include environmental protection, urban operations, towns and other characteristics. Specific to the investment varieties, is to focus on the "pretty 50" and the new blue-chip, is in the new industry or traditional industries in the process of transformation and upgrading continue to win and become the industry leader in listed companies.
A shares "beautiful 50" record high echelon remain intact, however, from the valuation level, the leader of the PE, PB and other indicators have been under pressure. The current dynamic price-earnings ratio of these stocks, Guizhou Maotai 36 times, Hengrui medicine 62 times, 19 times the United States Group, Hikvision 39 times,JingdongA26 times, SAIC 12 times,China safe16 times, valuation has begun to go beyond the industry center. In other words, this round of "pretty 50" market is different from the previous value discovery and value investment, but a round of valuation premium rise. However, the valuation premium is not a bad thing for the stock market sentiment. Stock price bubbles continue to enlarge, the more optimistic the market sentiment. In other words, the future rally will be more and more light, the overall trend will continue to strengthen.
Reflected in the index, the leading SSE 50 Index has now entered a bullish trend. In the short term, as long as it does not fall below the 60-day moving average, the strong trend will continue and continue to challenge the new target. The current target points to 10 years of downward pressure Line, about 15% of the current point range. Shanghai and Shenzhen 300, Shanghai Composite Index and small and medium-sized index will gradually follow. Trading strategy should focus on the "pretty 50" active allocation, choose to upgrade the consumer, high-end manufacturing, environmental management or resource goods and other major areas continue to adhere to the leading shares strategy.
Morgan Stanley Huaxin Fund: A share rebound window is still open
Morgan StanleyRecently, Huaxin Fund said that it has entered the disclosure period of three quarterly results of listed companies. Historically, the sectors that made excess returns in October were mostly driven by earnings (three quarterly). Therefore, for the moment, profitability is an important reference for evaluating excess returns of stocks. From the point of view of industrial enterprises' income and profit, substantive business operations have greatly improved since the beginning of this year,Morgan Stanley Huaxin FundExpected earnings boost for the A-share index strong support.
Standing at the current moment, Morgan Stanley Huaxin Fund said it optimistic about the A-share market at the end of the market point of view. From a fundamental perspective, the U.S. government expects to introduce a formal draft tax reform by the end of the year, which is expected to stimulate the economy. The domestic economy will maintain a moderate recovery and the overall profitability of A shares will improve. From a liquidity environment, short-term monetary policy is relatively friendly and the reform will enhance market risk appetite. Morgan Stanley Huaxin Fund will increase the mining of high-quality listed companies, pay more attention to the performance and valuation match, increase pre-stagflation, there are logical support and fundamentals to improve the configuration section of the plate.
Look flatThe market will enter a period of balance
Bin brother read the disk: the market entered a period of balance
The opening of the General Assembly, the two cities index opened all the red plate, despite the new share subscription today, but did not stop the market opened higher, followed by the market is to maintain a modest finishing, most of the day the market is in a red plate state , Regrettable that the rise of the late petrochemical double led to the index diving, the final market up and down each closing, the daily closing Star.
At the close, the Shanghai Composite Index rose 9.33 points, the index closed at 3381.37 points, Shenzhen Component Index rose 7.41 points, the index closed at 11282.75 points, the GEM fell 8.83 points to close at 1868.16 points, trading volume shrink again, the two cities a total turnover of 4421 100 million yuan, the flow of funds shows that outflow of funds today, more than inflows, which requires our investors cautious. The company is located in:
Plate: As of the close, the two cities rose more plates with the number of decliners, but the overall plate is not large increase, yesterday daily limit, full screen and chip concepts to become more leaders in the two cities, Chinese medicine, gravitational waves and semiconductors and other sections Relatively good, second open the board, resource stocks and ferrous metals is the overall weak performance, plate rotation is still fast, it is likely to chase high investor's nightmare.
Disk point of view: today the overall performance of the two cities in a micro-balance, resource stocks for the second consecutive day to adjust, to do more and short kinetic energy tends to be weak, the market is very hot, the new shares are still on the go, the concept of communication Faced with the more serious loss of capital, trading volume is a slight decline, for such a pattern, on Thursday to maintain such a balance will be a high probability event.
Technical point of view: the index around the moving average is very fierce competition, the late diving prompted the Japanese side to close out the cross line, technical short-term weak balance in the market trend will continue, the pressure of the integer pass can not be underestimated.
Looking at the performance of today's market, the trend of the day looks booming, in fact, the difficulty of operation is constantly increasing, the index rebound did not bring too much money effect, which should have a great relationship with the stability, From a disk perspective, the market to do more kinetic energy is mainly concentrated in the point that the policy as a starting gun, hit where the ring, from the early concept of a beautiful Chinese to smart chip concept, the concept of land transfer from the port to the port, you can say A possible potential positive concept has been the focus of funding, for this for this structural market, it should be the theme during the meeting, so we have the ability to advance the operation of the pre-judgment And the courage to dare Jiancang low, because we can expect the market in the coming week will enter a stable equilibrium period. Despite the wave of diving in the late afternoon, but will not change such a weak balance pattern.
BearishBudding is about to start, do not take the fire in the chestnut
Today, the broader market in the banking, agriculture and other sectors driven by the rise, the broader market opened lower and higher markets in the morning, the broader market upside up 3381 near the morning, then because the market can not up enough up the afternoon opening fell gradually, after 2 o'clock, PetroChina The market started to pull up and led the broader market to break the high of the morning up to a high of 3382 points. However, on the disk, stocks of Pudie, sub-new shares, mineral products, paper making, steel, scarce resources, warehousing and logistics, nonferrous metals fell by Before the merger, sand control, sapphire, smart TVs, pension concept, private hospitals, anti-influenza, health care and other sectors in the former Hu, the two cities a total of 25 stocks daily limit, three stocks limit, the GEM fell to close.
Famous point of viewLi Jiayi: Slow stock market no problem
Source: Oriental Fortune Network
Stock market, commodity futures will be how to go next? In this regard, the East Fortune Network invited to the Shanghai "Pu Pu School" CEO Li Jiayi guest "wealth observation" section, shared his wonderful point of view.
The following is the interview record:
Oriental Fortune Network:Trouble you tell us about the current trends of several major varieties, the pace of operation, your opinion is how?
Li Jiayi: I personally think so, because sometimes the disc is such, we must have a relationship with the time, perhaps after ten days and a half the market has changed, we are from the current point of my personal observation, because Various species are covered.
Oriental Fortune Network: You can talk about the longer period, the timeliness of a little better.
Li Jiayi: For me, it may be part of the stock market. In principle, I think it should not be a big problem for us to grow slowly. At least, from the technical point of view I have learned, I think it looks like the entire state of stability. For example, After the end of the holiday we all have very high expectations, but why Gaokaidizou it? It is very simple, at present there may not be too much of a condition for him to be ejected, so often when he has a relatively large performance, often will be pulled back, but will not be pulled back too much, so the stock market may want There is this psychological preparation, that is, if you want to have more substantial, fast, I think the class stock rotation, plate rotation is very fast, this is more difficult, that is to say your sailing may take three steps to wait Two steps, this is part of the stock market.
There are currently divergences in the commodity futures sector, weakness is particularly weak, strong or even a new wave band, this thing may even appear in the non-ferrous black side of the non-ferrous black color of so-called industrial products Differentiation, but its differentiation really I think quite obvious, weak is very weak, but people like this, that I just did not grasp the weak, and now has reached a certain level, I have not dared , Not to chase the price of such and so on, does not approach does not matter, do not contrarian, especially in our operation regardless of the stock, or futures, or options do not guess thoroughly, guess thoroughly operating large avoid.
Oriental Fortune Network: I have to insert a sentence here, our ordinary audience often make this taboo.
Li Jiayi: Yes, this determines the 28 law is one of the reasons why I can change this fate, that is, why others are earning less, I lose a lot of money, earning little profits ,why? Because there are many things you do not go to the right direction, guess the end is a taboo, maybe ten times you make nine times, it is not enough time to make a mistake, so do not guess thoroughly, take advantage of the situation and For you said that the teacher has come here the color, you see the black department fell so much, I go back chasing this is not a solution, it does not matter, you wait for it turning point, and then remember not to buy too much Bottom line, is to buy When the rise, when people are not the same point of view, buy bottoming, how do you know when the bottom.
So you should want to buy when you go up, to overcome this humanity. The third one I want to share with you, in the foreseeable future, the option will definitely be a star product, you say wait until the stars, too late, you must first hard, wait until he is a star product, you just Learn to become a teacher, you already have a lot of effort in the body, just use this time, I think to share with you, from the perspective of Europe and the United States, because I spent years in the past years to do large-scale funding options commodities, I strongly urge Members to suggest that in the market and variety in which I operate so much, I think that option commodities are the most able to break the so-called financial variety of institutional and general retail inequalities. We work hard to learn that if we can Change your fate, the best performance of its products is in the options above, just now, because although 50ETF options have been more than two years, but it is generally accepted that 2017 should be the so-called first year of the option, because the product futures began to withdraw The relevant options are currently only beans and sugar, but in the foreseeable future there will be more Variety, even more active such as black lines, this will make people very excited. This thing I think investors should work hard now, begin to understand it. There is a sentence to share options with you to understand hard to understand, is about fur you know soon.
But you have to do very well, if you let it be refined, it is all the financial products which theory with the physical inside the nearest, in other words simple to say good, the stock to lose more, I can say so, why? Because the physical operation of stocks with theory is very different.
Long and long the entire market tremendous changes in factors to be considered, the flow of chips, the good and the bad money and so on, so I can say that the stock is to know more and lose more. Come futures because of the problem of human courage, so this thing depends on skill to overcome, but if the option, why we have just three sentences called option by strategy, that is, through your hard work, through to understand the best Strategy combination, in fact, it is the theory with the physical is the nearest, in other words you are more sophisticated, the more precise you, you count the more detailed, your chances of winning will not be disturbed, there will be no so-called black market , Or some force to distort this thing, no. So why do we think that at this time this kind of product will become the star of tomorrow, and he has a good chance of breaking the 28th rule of retail investors, and the key point is that you are not willing to do it, the main reason is that it has a low threshold, but it needs Good study, but learning not to spend money, I think this thing you can buy books to see, the network also has a lot of information, I encourage everyone to hard at this time to warm up, because it is too late to start the fire.
Because you are not ready, the opportunity is left to the prepared person, so you are now warming up, until you are ready, the opportunity is coming, people speak of the time making heroes, the first one you have the condition to be a little bit of a hero If you are not ready and you are not a hero, I encourage you to have good stocks in the various commodities mentioned just now, but some of the features just mentioned, Futures I am very optimistic about the internationalization of the same time, I am actually very optimistic, but if the general investors in the structure of the operation of the entire unequal capital markets, in fact, I think the option is to let everyone Take a good look, and then come to enjoy the advantages of this product, I share with you here, but also to make a preview to see the options market should be very fire in the foreseeable future, and will follow the international trend , The options market must be a very bright star product.