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After entering May, the fluctuations of US stock were even more intense. Taking Nasdaq as an example, sometimes it fell sharply because the performance of major companies did not meet expectations, and sometimes it fell sharply because of the tightening process of Federal Reserve .
Previously, A shares 's reaction to US stocks was always "following down but not rising", but it was different in May. Since May, Nasdaq Comprehensive Index has fallen four times, namely, 4.99% on May 5, 4.29% on May 9, 3.18% on May 11, and 4.73% on May 18.
fell twice with a drop of nearly 5%. This fluctuation has previously caused quite a shock to A-shares. However, the US stock market fell sharply in recent days, and the performance of A-shares was so calm that they were abnormally calm the day, and most of the time they even opened low and turned high and rose.
Science and Innovation 50 is known as the Chinese version of "Nasdaq". On May 9, the Nasdaq Composite Index fell 4.29%, and on the second day, the Science and Technology and Innovation 50 rose 2.35%; on May 18, the Nasdaq Composite Index fell 4.73%, and on the second day, the Science and Technology and Innovation 50 rose 1.33%. The Nasdaq Composite Index has fallen by 7.95% since May, and the Science and Technology Innovation and Entrepreneurship 50 Index has risen by from May to May. This is a true portrayal of the fact that the trend of A-shares is detached from the correlation between the US stock trend and the trend of US stocks and is a separate market. The reason for the independent trend of
:
1) A-shares experienced a wave of panic in March and April sold out . These two sell-offs were fast, with a large amplitude, and wide impact. Pessimism was released fully, and all those who should run ran away, which led to little downward space after the decline. Therefore, after May, negative factors can only affect the opening price. After , A-shares still fluctuate back and forth in the oscillating range with support and pressure on the lower side.
2) Fundamentals The worst moment has passed, and the epidemic and the economy have ushered in marginal improvement. As the Fed raises rate , we are the only major economy that has not followed the tightening. April, which had the worst impact on the epidemic, has passed, and economic lows have already appeared. It is unquestionable to improve in May. In order to compensate for the economic losses in April, more radical actions are needed in the future.
There is an old saying in the investment circle, "When it rises but does not rise, it should be bearish; when it falls but does not fall, it should be bullish." If the market does not respond to positive news, it should not rise when it rises, its internal motivation is to fall and it will be bearish in the future; if the market does not respond to negative news, it should not fall when it falls, its internal motivation is to rise and it will be bullish in the future. When the US stock market plummeted, the world was following, and we didn’t follow, and clearly stated the direction.
So, after many days of fluctuations, on May 20, Shanghai and Shenzhen 300 Index broke through the integer mark of 4000 points, and Shanghai Composite Index also stood at the integer mark of 3100 points. The ability to break through upwards is due to the over-expected interest rate cut on the day and the high-level downward adjustment window of the dollar index , northbound funds flowed into 14.2 billion yuan.
It is undeniable that it is because of the upward momentum that can be about to break out under the positive stimulation. If there is no upward momentum, it is likely that will open high and end low and .
We will become optimistic about A-shares in the future. We should not forget the panic in the market at the end of April 2022, but we should not live in that shadow forever. Be brave enough to come out, the worst is gone.
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