Just now, 3 important news came from the market! The following are:
1, News 1: Ministry of Transport: As of the end of September 2022, there were 2,382 online freight companies (including branches) nationwide, integrating 5.493 million scattered transportation capacity of society and 4.969 million drivers. In the third quarter, online freight companies across the country uploaded a total of 22.75 million waybills, and increased by 37.2% year-on-year.
Personal opinion: Online ride-hailing has been quite popular in recent years and is indeed very convenient. I often use online car-hailing. In addition to online car-hailing, online freight is also quite convenient. Online freight can gather idle transport capacity, which can achieve a resource sharing and reduce costs. As my country's network becomes more and more developed, more and more people use online freight. In the third quarter, my country's online freight companies increased significantly year-on-year, which means that the prospects for this industry are still very broad. Double Eleven is coming soon, and the online freight industry is expected to grow.
2, News 2: A Binance spokesperson said in a statement: "Binance is creating an internal team that focuses on assisting Twitter with the help of blockchain and cryptocurrency, and helps Musk realize his vision by brainstorming a strategic plan to help Musk realize his vision."
Personal opinion: Musk has recently become the focus again. After acquiring Twitter, a series of subsequent actions have also begun. Musk once again showed his courageous style. Now he definitely didn't buy Twitter for money. Instead, you must realize your vision. This height is something that ordinary people cannot understand. Trump also praised Musk's rapid action. Now Binance is going to show goodwill to Musk! Some people laugh, some people cry! General Motors said it would suspend advertising on Twitter. I don't know why. In short, after Musk acquires Twitter, a lot of good shows will be staged! I feel like Musk is a bit advertising for Tesla . After all, Tesla's recent stock price performance is a bit average.
3, News 3: According to Ministry of Agriculture and Rural Affairs, the current autumn grain harvest is nearly 90%. This year, grain production has been stable and improving, summer grain and early rice have been harvested, and grain is expected to achieve another bumper harvest throughout the year. It was learned from the Ministry of Agriculture and Rural Affairs that the summer grain output this year is 294.8 billion jin, an increase of 2.87 billion jin over the previous year, and the early rice output is 56.25 billion jin, an increase of 210 million jin over the previous year. The autumn grain is expected to have another bumper harvest.
Personal opinion: Since the beginning of this year, food crises have occurred in many places around the world, so a bumper grain harvest has become a top priority. my country has always attached great importance to grain production, and many policies are tilted towards agriculture every year. Since the beginning of this year, my country's grain production has been stable and improving! Summer grain has increased compared with last year, and autumn grain is expected to be a bumper harvest! my country's agricultural policies have achieved good results. With a bumper grain harvest and stable prices, the pattern of economic fundamentals will continue to develop!
A shares Comments: Last night, US stock rose sharply, Chinese stocks performed weakly, A50 rose slightly. In this way, it is estimated that even if A-shares opened higher on Monday, it will be difficult to close higher. If continues to open high and close low on on Monday, popularity drops to freezing point, and the subsequent rebound is probably coming. All the third quarter reports have been disclosed on Monday, and the market performance will probably be over! No matter how panic is, there will be a rebound. I think the market is too pessimistic now. Some people see 2800 points, and some people see 2600 points. I don't think it's necessary. Only time is lost below 3000 points.
The valuation level of A-shares has reached a historical low. As of October 28, the average P/E ratio of the Shanghai Stock Exchange was 12.04 times, the Shenzhen Stock Exchange was 22.19 times, and the GEM 36.41 times. The current Shanghai Stock Exchange's P/E ratio in historical data is 9.091%, and the current P/E ratio in data in the past 10 years is 18.182%. The valuation at this time is lower than at the end of April. Therefore, as long as you rebound, the strength will be greater than before! There is no need to panic now! Be firm in confidence, A-shares will have a reversal!
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