The double kill of US stocks and bonds plummeted, and A-shares had no choice but to retreat to the platform. Today's news: [News say the Federal Reserve may approve a 75 basis point rate hike, and the S&P 500 index enters a technical bear market] News says the Federal Reserve may

U.S. stocks stocks and bonds double-killed, A shares had no choice but to retreat to the platform

Today's news:

[News say Feder may approve interest rate hike 75 basis points S&P 500 index enters technical bear market ] news said that the Fed may approve hike 75 basis points, and the three major U.S. stock indexes closed down sharply overnight. The Nasdaq fell 4.68%, hitting a new closing low since October 2020; the S&P 500 fell 3.87%, down 22% from its January high, entering a technical bear market; the Dow Jones Industrial Average fell 2.79%, hitting a new low since February 2021 during the session. Large technology stocks fell across the board, NIO fell nearly 12%, Boeing fell nearly 9%, Tesla and Netflix fell more than 7%, Facebook fell more than 6%, Amazon fell more than 5%, Google , Microsoft fell more than 4%; Apple closed down 3.83%, setting the lowest price since June 2021. USD index 105.13 points, offshore RMB 6.75 yuan. In the morning, Hong Kong stocks -1.09%, Nikkei index -1.88%.

【96.4%! The probability of the Federal Reserve raising interest rates by 75 basis points this week has heated up rapidly, and some investment banks even shouted out 100 basis points] The three major U.S. stock indexes closed down sharply on Monday, June 13, with the Dow Jones Industrial Average falling more than 870 points, and the S&P 500 fell into a bear market. Many investment banks expect the Federal Reserve to raise interest rates by 75 basis points this week, and some investment banks even shouted out 100 basis points.

[China Securities News front page headline: "Targeting" support is increased, and there is still room for lowering the reserve requirement ratio and interest rate cuts] experts said that under the influence of factors such as the controllable inflation pressure and the Federal Reserve's interest rate hike cycle spillover effect has passed the peak, prudent monetary policy will continue to increase its implementation in the second half of the year, with sufficient room for regulation, and lowering the reserve requirement ratio and interest rate cuts are still possible. There are plans for incremental tools to deal with uncertain risks, which will create a good monetary and financial environment for stabilizing the economy and helping enterprises alleviate their difficulties, and keep the economy running within a reasonable range.

[Singing King Dodi! The top brokerage firm sees the high valuation of to 1.4 trillion, and there is still nearly 40% of gains space] On June 13, CITIC Securities released a research report saying that the reasonable market value space of BYD is expected to reach 1.4 trillion yuan, corresponding to the target price of A/H shares is 481.1 yuan/562.6 Hong Kong dollars, maintaining the "buy" rating of BYD (A+H shares) and continuing to recommend it.

[Construction drawings are about to be released in the industrial field] industry is a key area to achieve the goals of carbon peak and carbon neutrality, and the "dual carbon" construction drawings in this field are about to be released. The reporter learned from the Ministry of Industry and Information Technology that the Ministry will work with relevant departments to issue and implement the "Action Plan for Improving Industrial Energy Efficiency". The competent authorities will also take other measures to guide industrial enterprises to make changes from the operational level, equipment level, and strategic level, and systematically promote green, low-carbon and circular development in the industrial field. (Shanghai Securities Report)

[The financing balance of in the two markets increased by 9.53 billion yuan] As of June 13, the financing balance of on the Shanghai Stock Exchange was 788.359 billion yuan, an increase of 6.102 billion yuan from the previous trading day; the financing balance of 678.17 billion yuan was 3.428 billion yuan from the previous trading day; the total of 1466.529 billion yuan from the previous trading day, an increase of 9.53 billion yuan from the previous trading day.

[Net outflow of northbound funds is 2.4 billion yuan] As of the midday closing, the net outflow of northbound funds was 2.475 billion yuan.

US stocks plummeted more than 800 points last Friday, but A-shares performed tenaciously on Monday. After a wide fluctuation, the Shanghai Composite Index still held 3230 points for six consecutive days and closed at 3355 points. stocks also changed from falling more than rising at noon to rising more than falling less. The trading volume reached 1.09 trillion.

However, due to fear of raising interest rates by 75 basis points this week, the three major U.S. stock indexes plummeted again overnight by 4.68%, 3.88%, and 2.79%. It is really difficult for A-shares to move into independent markets.

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AM The market opened low due to the impact of the sharp drop on the outside, and then fluctuated and fell, and the ChiNext Index led the decline. On the market, resource stocks with good interim performance expectations were active against the trend, and silicone , coal, oil and gas sectors strengthened. In addition, most sectors fell, with chips, photovoltaics, and other track stocks leading the decline. Overall, more stocks fell, less rose, and more than 4,200 stocks in the two markets fell.

A-shares, which continued to plummet, although the declines of the Science and Technology Innovation Board and the ChiNext in the morning were close to those of the overnight US stocks, this is because of their previous increase. But it does not mean that A-shares will fall simultaneously with US stocks in the future, because the background of the stock markets of the two countries is different.

First of all, the US stock market is in high inflation of 8.6%, while the CPI of A-shares is only about 2%, and it is also deflationary.

first, US stocks entered a intensive interest rate hike cycle ; while the currency cycle of A-shares is completely opposite. Not only will there not be any interest rate hike, there is also the possibility of lowering interest rates.

Second, the US stock market is at the high level of the 2011 bull market, which is 5 times higher than the low point of the financial crisis in 2008; while A-shares are still halfway up the mountain in 2008, and the stock market has not risen in 2014.

Third, the valuation of US stocks is 25 times the price-to-earnings ratio; while the valuation of A-shares is only more than 12 times.

Fourth, the economic situation between China and the United States is different. The United States has high inflation and low unemployment rate, and the signs of the economy falling into recession are very obvious; and after experiencing the impact of the Russian-Ukrainian war and the epidemic in Shanghai and Beijing, China has successively introduced policies to stabilize economic growth, and the growth trend has not changed.

Therefore, A-shares will definitely be more tenacious than US stocks.

From a technical perspective, the Shanghai Composite Index is still above the 60-day 3154 points and the five-week moving average 3192 points, and is in a bull market state, and the upward trend has not been destroyed. The 3200-point platform is built relatively strongly. If the index breaks through 3200 points, there is still strong support for the 3150-point position of the 60-day line below. And the transaction volume has exceeded one trillion for seven consecutive days, indicating that the large funds recognize this position.

Afternoon follow: Can the market hold the 3230 point platform below, and can another miracle close above 3230 points? Can the situation of falling more and rising more and rising more and improving more? Can the transaction volume exceed one trillion?