The initial value of the annualized quarterly GDP rate for the third quarter announced by the United States last night was 2.6%, exceeding market expectations by 2.4%. It not only set a new high since the fourth quarter of 2021, but also the first time this year that the US GDP data has recorded positive growth. In addition, European Central Bank rate hike 75BP has also been implemented.
美国GDP数据看似超出市场预期，但市场没有给出积极的反馈，数据公布后，美国十年期国债收益率跌破4%，美元指数今天盘中短线下挫，美国十年期国债和三年期国债收益率倒挂幅度加大，这都是预期着市场在为美国经济衰退定价。
一方面是美国近期公布的Markit制造业、服务业PMI、放假、消费者信心指数等多项经济指标不及预期，另一方面，昨晚的报告显示作为经济增长引擎的消费支出较前一季度仅增长1.4%，今年前三季度的表现为2020年初需求垮塌以来最差。
The performance plummeted by technology giants such as Meta in the past two days also suggests a US economic recession. For US stock , the core contradiction may shift from interest rate hikes to economic recession.
US dollar weakened, Federal delayed interest rate hikes, and the appreciation of the RMB should be a good thing for A shares . Last night, the State Council emphasized the implementation of three major measures to escort the economic improvement and promote consumption recovery to become the main driving force for the economy.
However, A-shares performed very surprisingly today, opening low plunged . As of press time, Shanghai Composite Index fell by 1.07%, and the ChiNext Index fell by 2.42%, both approaching the previous low. theme stocks and small-cap stocks fell to the limit.
Among them, only a few sectors such as coal, semiconductor, and tourism rose, while sectors such as breeding, new energy vehicles, agriculture, steel, and games led the decline. Even liquor that disclosed its third-quarter report beyond expectations last night could not withstand it.
We looked around and there were no other negative news except for yesterday's E Fund exchange minutes. Today, the US dollar still plunged and the offshore RMB still appreciated. The foreign investment index sold slightly, which must be the market that was smashed by domestic investment .
思考了一下，我们认为A股早盘杀跌是机构调仓所为：
今天是三季报披露的最后一个交易日，一般来说，三季报之后就要往明年的预期去切，这也是机构集中调仓的节点，三季报表现再好也没用，市场开始看明年的预期。
Secondly, the third quarter report of public fund has been disclosed. Judging from the data, the lithium battery sector that reduced its holdings the most in the third quarter was the lithium battery sector, which triggered the market's follow-up behavior, and the lithium battery sector that fell the most today was also the lithium battery sector. In addition, market rumors are rumored that new energy vehicle sales in October were significantly lower than expected.
Risk warning:
The stock market is risky, so you need to be cautious when investing. This article does not constitute investment advice, and readers need to think independently.
