The market rebounded as expected today. As I mentioned in yesterday's article, bargain hunting growth track: Tracks dominated by new energy, military industry and semiconductors have seen relatively large increases in , , GEM, rose by nearly 2%, and the Science and Technology Innovation 50 Index rose by 3.34%. From the macro perspective of
, the main logic that has led to recent adjustments: "strong expectations and weak reality" are also slowly improving, and the first batch of positive people are also starting to go to work. Today is more like the expected hype of from "weak reality" to "strong reality" , and the track has indeed fallen a lot during this period, which was also mentioned in yesterday's article.
major domestic index : There are not many changes in the valuation of the index this week. Currently, the GEM 50 Index and the Science and Technology Innovation 50 Index have relatively greater opportunities (from the perspective of income and valuation levels)
Hong Kong stock index : Education industry ETFs have seen relatively large increases recently, and education stocks have rebounded a lot in recent times. For Hong Kong stocks, some of the main reasons for the previous sharp decline are also constantly improving, and I believe there will be higher gains in the future.
Therefore, I am relatively optimistic about Hong Kong stocks. After the short-term rebound and adjustment, there will still be more certain opportunities.
US stock index : Discussion of US stocks still depends on the possibility of economic recession caused by interest rate hikes and in the future, so we will be cautious about US stocks here.
However, combined with the current relatively large retracement of US stocks, the valuation slowly moving towards the undervalued range and the higher return on net assets , it is still necessary to configure it.
Therefore, it is recommended to configure, but be cautious!
2. Weak cyclical industries
The focus is still on increasing consumption, and valuations are still at a high level. The main logic behind the recent surge in consumption is the stimulation of consumption after liberalization, which is the concept stock in the post-epidemic era.
I also mentioned in my previous article that in the post-epidemic era, compared to consumption of food, clothing, housing and transportation, I may prefer consumption of tourism and hotels, etc. In short, I am still not optimistic about consumption at the moment!
3. Growth industry
Today’s growth industry is considered the most beautiful. This was highlighted in yesterday’s article. At present, we mainly focus on the rebound first, and not much on the reversal.
’s review last Wednesday and yesterday’s reminder to buy. In short, pays attention to risks when it’s hot, and lays out opportunities when it’s pessimistic. Continue to buy!
4. Cyclical industries
The views of these industries have basically not changed: Securities Banking and real estate mainly depend on the leading opportunities in related industries. Buying industry indexes basically can only wait for the bull market to have some opportunities.
Real estate leader: Poly Development . Securities: Oriental Fortune . Banks: China Merchants Bank , and some small banks ( Ningbo , Nanjing, Hangzhou and other banks)
Although real estate has more policy incentives, as mentioned before, it is mainly to resolve risks rather than to vigorously develop, and the six pockets of the consumer side have been emptied, and it is difficult to explore opportunities from the demand side.
Several other industries are mainly cyclical. If you grasp the industry cycle well, you can make a wave of profits. For example, in recent years, coal has been affected by low-carbon economy and geopolitics , and has experienced a wave of market prices. If the industry cycle is not well grasped, then what we are waiting for may be years of bottom suffering.
was first published on the official account: Xiaomi Finance. It is recommended to search and follow
