The Gem Has Entered A Weaker Interval.

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Net Xiaobian to introduce to you is Bo Shi fund Wei Fengchun: the gem has entered a weaker range.

Very few things start at such a long time.

Shanghai and Hong Kong finally completed the preparation period of six months.

Numerous research and roadshows, piles of reports, full page and full page news reports, countless people review the characteristics of overseas markets again and again, many people have also changed their brand new jobs. No matter what the situation of Shanghai and Hong Kong passes, it has left an indelible mark on A shares before it starts.

Due to the timing of the opening hours, some of the pessimistic market participants anticipated that they had thought that the Shanghai and Hong Kong Exchanges had to be postponed to next year - last week, the market interpreted unusual anomalies.

Financial stocks suddenly sprung up, which led to a sharp rise in large cap stocks, leading to a strong sector led by the military industry. Although the Shanghai Composite rose more than 2%, the market making money effect was significantly worse.

What about this week?

From Shanghai and Hong Kong directly benefited from the target discount and "scarcity" performance, only one day after the announcement in April, the two or three months were relatively quiet until July, when there was a concentrated gain and won the market.

But after the beginning of August, it turned back to the disadvantage and it was before the "occupy".

Meanwhile,

The understanding of Shanghai and Hong Kong links is gradually deepening. It is understood that long-term funds are unlikely to rush into the first day regardless of costs. The first batch of investors may have more short-term funds, and investors will guess each other's cards more and more clearly.

It should be said that this understanding is in line with the performance of the direct benefit standard of Shanghai and Hong Kong at that time.

The rise of the market since July is likely to be the result of "selling sheep's head and selling dog meat" in the name of Shanghai and Hong Kong?

The most fundamental support for the market is that China's longer-term concerns are easing.

Over the past two or three years, the market has repeatedly proved that it is difficult to make such a sustained and substantial rise in the market only by relying on Shanghai and Hong Kong and relying on the "stabilization" of the economy as well as the relaxation of the monetary policy that is still half closed.

Under these circumstances, the understanding of the market last week can only be carried out through the opening of Shanghai and Hong Kong through a shorter period of speculation.

Investors who rushed in and out quickly took up an unusually large proportion. On Monday, the banks with less discount and the medium market value liquor stocks with relatively poor performance increased the most. Their common feature is that the share of institutional investors in positions is close to the very low level in history.

Since last Tuesday, the market has entered a consolidation process. In behavior, investors who have missed the opportunity on Monday are regretting the fact that they are in a hurry to reduce their stock market value and expect to have a share.

This understanding is also our view on this week. Although the stocks with large market capitalization and low market capitalization rate are very good in terms of technology, it is necessary to guard against the danger that they will not receive enough power after opening the gate in Shanghai and Hong Kong.

Has entered a weaker range.

In this case, strategically speaking, it seems to be a good choice.