On Thursday, the stock indexes shrank and differentiated. The Shanghai Composite Index opened low and then fluctuated, and finally closed slightly lower; CSI 1000 Index performed strongly, closing up 0.65%. After the fluctuation, market will face direction choices.
Federal interest rate negotiation boots landed, raises interest rates 75 basis points as expected. Powell's speech was eccentric. Although he said that the rate hike would slow down as early as December, he said that the terminal interest rate level will be higher than previous expectations. In other words, a 50 basis point rate hike may be raised in December, but the overall rate hike will be higher than previous expectations. Powell did not let the pigeon as scheduled, and US stock also fell sharply as scheduled, S&P index fell more than 2%, and Nasdaq fell more than 3%. Judging from the S&P index futures , the big positive line on October 28 was eaten, and the low point on October 28 was also broken as of the time of publication. The rebound can be declared over, and a new round of decline started.
A shares performed relatively resistant to declines, which is not surprising. The performance of A shares this month will be stronger than that of US stocks. However, if US stocks continue to fall sharply, it is expected that A-shares will be difficult to continue to rise against the trend, and the decline may be relatively small, or they can maintain fluctuations. The CSI 1000 Index still performed strongly, setting a new high during the session, but it was a small breakthrough in shrinking volume, which cannot be considered an effective breakthrough, and it is highly likely that is a false breakthrough to . Judging from the price difference chart of CSI 1000 and Shanghai Stock Exchange 50 period index, although the price difference has expanded again, the expansion is not large, and the 120-minute chart MACD is still in a top divergence state. If the short-term price difference narrows significantly, then the top of the index will be established and the market will continue to fall in the future, that is, the CSI 1000 Index will accelerate the rebound.
The market will face direction choices after fluctuating. Since the possibility of continued decline in US stocks is high, there is little possibility of stock indexes continuing to rebound sharply in the future. short-term still has the risk of downward again. We should still pay attention to US stocks in the future. If US stocks fall slowly, then A-shares can still maintain fluctuations; if US stocks continue to fall sharply, then the major A-share indexes may hit new lows. (Source: Public Account "Middle-class Investment")
This article is from the financial industry
