巨峰投资顾问：A股生态系统是否正在再次改变资本分组或是长期趋势？ _东方财富网

概要

[JufengInvestmentConsultant:A-shareecologyischangingcapitalgroupingagainorisitalong-termtrend?Viewpoint:SincethefourthquarteroflastyearmarketriskappetitehasreboundedWiththeacceleratedrecoveryofeconomicfundamentalsandreasonableampleliquiditythelogicofthemarket’spositivetrendhasnotchanged

Viewpoint: Since the fourth quarter of last year,marketriskPreference has rebounded. With the accelerated recovery of economic fundamentals and reasonable abundance of liquidity, the logic of the market’s positive trend has not changed. After the upward structural shock, with the recovery of market sentiment and the improvement of the earning effect, the market is in full swing in the spring, and the market earning effect has begun. And after continuous upward,short termBe careful to avoid stepping, especially the plate.

Today, the two cities began to oscillate, with twists and turns in the intraday, but basically continued the pattern of recent strong earthquakes. On the disk,Start a businessThe board soared by more than 100 points throughout the day. New energy vehicles, photovoltaics, and military industries performed well. Although the decline in the liquor sector has narrowed, it has recently sufferedfundsThe signs of selling are still more obvious. On the motherboard,Financial stocksDifferentiation,DealVolume is also shrinking.

It is worth noting that during the rapid rise of the GEM on that day, the performance of Baotuan stocks was eye-catching.In particular, the new energy, military, and photovoltaic sectors that have previously concentrated on funds have re-emerged, and the leading varieties, such asNingde era、Arowana、Aier Ophthalmology、Yiwei Lithium EnergyAnd some other pharmaceutical stocks rose sharply, drivingGrowth Enterprise Market IndexThe number is stronger. From the perspective of the price ratio alone, although the GEM has risen sharply, only a few stocks have turned red.

Therefore, judging from the overall performance of the recent market, in fact, institutional and capital grouping is still the mainstream, but after the previous continuous upward movement, many grouping targets have differentiated, and the specific degree of differentiation may need to be based on fundamentals and capital It depends on the degree of inclination.Specifically, if there are many high valuation targetsPerformanceRelatively speaking, it can be digested properly, but if there is a change in performance, funds will easily become loose. But in any case, the group of funds has gradually formed a consensus. There used to be, but it was not obvious, and now there is also, and it is obvious.In the future, it should belongExistence, but there will be a phase difference in degree and size.

Back in the market, today’s transactions in the two cities have returned to below one trillion yuan, and the disk continues the previous overall state, which is also in line with our previous prediction of the consolidation in the middle of this month.However, the current market fundamentals are strongly supported, and liquidity continuesRenewalRelatively loose, the logic of the market’s positive trend has not changed. After a short-term adjustment, as the market’s enthusiasm rises, new market conditions are still brewing.It should be noted that high-level varieties still have repetitions, but there will be differentiation in the future, and many low-level oversold varieties are still reboundingdemandAnd space.

On the whole,investmentPeople can continue to stick to the balanced allocation strategy, but during the period of strong earthquakes, they should notChase high, Appropriate replacement of low oversold varieties.On the whole, we can continue to pay attention to the several directions that have been continuously prompted: On the one hand, pay attention to oversoldTechnology stocks. Especially semiconductors, chips and 5G; on the other hand,Big financePlate.SecuritiesUnder the overall adjustment of the sector, with the support of performance and the boost of the market, the counterattack will be again taken up at any time, which is an indispensable main force in the bull market. And as the economy continues to rebound,bankIt can be used as a bottom warehouse configuration to continue to wait and see; in addition, policy stimulus and economic recovery,Military sectorThe opportunity for the company will not be missed. Of course, it may be better if it is a superimposed performance pre-increasing.

(Source: Jufeng Finance)

(Editor in charge: DF515)