Chapter 676: Market Investment Risk Preference Improves!

"The market turnover is more than 660 billion!"

During the brief review time after the market closed, at this moment, in Yuhang, Yuhang Investment Company, in the main fund trading room, Wang Can stared at the two markets' trading screens that had already been frozen, with obvious surprise on his face: "Compared with yesterday, the volume has increased again. The turnover of these two markets has increased rapidly."

"Such a sharp increase in market turnover... proves that the off-site capital group is still accelerating its entry!" Zhao Lijun next to Wang Can smiled and said, "This should be a good thing."

"I'm afraid it's not just the off-site incremental capital group that has caused the market turnover to continue to surge." Zhu Tianyang took over the conversation Said, "I feel that there is also the increasing leveraged financing funds of the on-site capital group at work. Everyone should notice that when the turnover of the two markets continues to soar, the financing balance is also continuing to soar."

"Well, indeed." Liu Yuan pondered for a moment and replied with a smile, "Under the influence of the continued hot market money-making effect, the investment risk preference of the market investor group is also obviously in a continuous upward trend. The current market's incremental capital component, leveraged funds, obviously also account for a large part."

"We should soon see the market's margin trading balance break through the trillion scale!" Zhang Guobing smiled at this time and said with a smile.

Wang Can thought for a moment and responded: "The simultaneous surge in leveraged funds and incremental off-market funds, will this bring greater risks to the market? After all, the investment tolerance rate of leveraged funds is very low. Once the market encounters a slight disturbance, leveraged funds should cause great shocks and fluctuations in the market, right?"

"For the time being, it won't." Su Yu heard the discussion of the crowd, and at this time, he took over and said, "Overall, the overall leverage ratio of the market at this time is still very low, and the future expectations and fundamentals of major industries are also continuously improving. The valuation system of the entire market is in a gradual upward trend. The market valuation bubble is not large, and there are still countless groups of funds that want to take over at a low level.

In this case...

Appropriate participation of leveraged funds is actually It will help the market to ferment further in the future.

For the time being, it will not only not cause a greater risk to the market trend, but it is obviously intentional for the market trend. Everyone does not need to pay too much attention to the leverage issue. "

"Yes, it is meaningless to talk about leverage ratio without considering the valuation level of the market itself." Li Meng glanced at everyone and said with a smile, "Although the scale of the market margin balance is not low now, the overall market value and stock capacity of the market are also much larger than a few years ago.

Moreover, whether it is from the perspective of future expectations, fundamentals, or performance explosion expectations.

The current market core lines.

'Big Finance', 'Infrastructure', 'Big Consumption', 'Nonferrous Cycle', 'Petrochemical', 'Power Equipment'... …The valuation levels of the core stocks and popular stocks in these main line areas are very low, and basically, there is no valuation bubble.

At this position, there is a sudden attack of heavy negative news.

With the current market leverage ratio, a large number of capital groups willing to take over at a low level are fully capable of taking over, and will not let the index fall back into the bear market.

So, for the time being, there is no need to worry at all.

The overall market risk is controllable, and the direction of the core main line is still in our expectations and dominance. "

"Well, the strength of the "big finance" line is indeed increasing today." After hearing Su Yu and Li Meng's analysis, Wang Can thought about it and nodded, "According to the trend strength of the "big finance" main line, this big main line will definitely continue to squeeze out and drive the index Rising.

But...”

Wang Can paused and said, “The two main lines of ‘infrastructure’ and ‘military industry’ are still losing blood. I feel that they will continue to suppress the upward trend of the index to a certain extent.

Moreover, Boss...”

He said, and turned his eyes to Su Yu again, and continued: “We use the remaining funds to buy stocks in the two main lines of ‘infrastructure’ and ‘military industry’, which are inclined to the ‘high-speed rail’ and ‘mechanical equipment’ industries, and have the two main lines of ‘new era road, maritime Silk Road’ and ‘reform and restructuring of central enterprises and state-owned enterprises’ that have been hyped in the early stage. Isn’t it a bit... too radical? Why do I feel that the two main lines of ‘infrastructure’ and ‘military industry’ have not been adjusted in place yet, and will continue to fall? ”

“We do transactions and formulate investment strategies, but we don’t rely on feelings!” Su Yu smiled and said, “First of all, we have to consider whether the fundamental expectations and future performance expectations, and even other favorable expectations of the direction and stocks we intend to invest in have really changed?

As long as these expected logics remain unchanged and continue to strengthen.

Then, the stock price will not fall much.

Furthermore, when we trade, we cannot limit our vision to one sector or one stock, but still need to consider the overall trend and expectations of the market.

Don't forget, when the Shanghai Composite Index completely crossed the 3,000-point mark.

The entire market investor group, both on-site and off-site investors, have shifted their overall expectations for the market from previous doubts and concerns to firm "bull market" expectations.

Under the "bull market" expectation.

Whether it is the market valuation system or the active funds in the market, they are all in a continuous upward trend.

Even though the two main lines of "infrastructure" and "military industry" have been hyped up in the early stage, there is a sense of excessive emotion, and after the main line of "big finance" has achieved a continuous money-making effect, the active main fund groups in the market, as well as the main fund groups that have made large-scale profits in the fields of "infrastructure" and "military industry", have obvious signs of profit-taking, and the field of "big finance" has obvious signs of fund siphoning to the entire market.

However, in the process of increasing incremental fund groups in the entire market and increasing liquidity.

Even the main line of "big finance" cannot absorb so much market volume.

And this means that when the market's "bull market" expectations are getting stronger and stronger, the liquidity of the entire "big finance" main line will inevitably be excessive.

And the excess liquidity will inevitably flow into other core main lines.

In recent days, the continued strong rebound trend of the main line of "technological growth" is not the same logic?

Also, we chose to use the remaining liquidity to continue to buy chips in the main lines of "infrastructure" and "military industry" during the adjustment phase of the main lines. Isn't it because the positions in the main line of "big finance" have been increased to the maximum?

We should think that there are definitely many main institutions in similar situations as us.

With the further increase in market turnover and the continued surge in the balance of margin trading, with more and more market liquidity and more and more active capital flows in the market, the main lines with strong future expectations will not fall too much even if they may continue to adjust.

It's the right time for us to make a layout!

After all, with the size of funds like ours, it's too late to enter the market when the wind really comes. "

"Okay, boss, I understand! "Wang Can nodded seriously after hearing Su Yu's analysis.

The other core traders in the trading room, as well as the trading team leaders and fund managers, all responded one after another, and they deeply agreed with the market investment logic that Su Yu said.

As the traders in the entire trading room reviewed the two cities.

Market news is also constantly being updated.

First, the margin balance was announced again after the market closed. As the market turnover continued to soar, the margin balance also continued to soar today, climbing to around 987 billion, and getting closer and closer to the trillion mark.

Then the Dragon and Tiger List of the two cities was announced.

According to the published data of the Dragon and Tiger List of the two cities.

There are 7 more stocks on the list than yesterday, and among the stocks on the list, the core concept stocks and concept leading stocks in the main line of "big finance" still occupy more than 10 places, and in the buying and selling seats disclosed by each listed stock.

Whether it is institutional seats or hot money seats, the overall trend is net buying.

This proves that as the index fluctuates upward, the most active main capital group in the market is still in a state of continuous increase in positions, and the main sellers are still a large number of retail investors who have been locked in the history.

Among them, the two checks of "Western Securities" and "Tonghuashun" were listed one after another.

And according to the dragon and tiger disclosed by the two checks List data.

The well-known Su Yu's 'Fortune Road' seat and its related institutional seats are still locked, and no shares have been sold.

At the same time, 'Western Securities' is a highly leading stock in the securities sector.

On the buy one seat, the sales department seat of 'Yuezhou Tianhe East Road' appeared today.

This shows that the top speculators in the market are still very positive and optimistic about this check, and are still continuing to take over strongly.

Another stock with high market attention is the 'Lanshi Heavy Equipment' check, which set a record of 25 consecutive intraday boards in the early stage.

Today it still closed at the limit down board.

According to the Dragon and Tiger List data disclosed by it, it can be seen that the 'Chengcheng Gang' that intervened earlier 'Today, I have completely cut my position and exited the market, and the hot money that I have taken over has also shown a clear net selling status.

In addition to the new stock "Lanshi Heavy Equipment".

There is another "new stock" on the list today that has attracted a lot of attention from investors.

That is, Huake Shuguang, which has just been listed and set a record of "ten consecutive boards" today, has also been on the Dragon and Tiger List today, and according to the Dragon and Tiger List data disclosed by it.

It can be seen that today, the total transaction volume of this stock is less than 5 million.

It turned out that the institution bought one seat, and the institution bought a net of 4.2 million. The other four seats only bought about 800,000 chips in total.

"When did the institutions start to grab the chips of new stocks? "

After seeing the Dragon and Tiger List data disclosed by 'Huake Shuguang', the entire market, including the main speculators, were somewhat shocked. Among them, in the Yuhang main speculators group where Su Yu was, some big speculators showed obvious surprise and couldn't help but sigh.

"It's hard to understand, but once the Dragon and Tiger List of 'Huake Shuguang' came out, it felt like this check was going to go viral!"

"Except for the 'Bluestone Heavy Equipment' check, the recent new stocks discovered earlier generally have a continuous board height of 10 to 12 boards. Now with the stimulation of the institution, the 'Huake Shuguang' check is very likely to go straight to the space height of 15 boards. Maybe, with the space height of 'Bluestone Heavy Equipment', it may become the second 'Bluestone Heavy Equipment'."

"At least today's move by institutions to buy new stocks shows that there are still opportunities in the direction of 'secondary new stocks'."

"I agree, the 'secondary new stocks' sector should not die so easily."

"The 'secondary new stocks' sector is also the easiest to gather money-making effects and emotions, and it is definitely not so easy to die."

"Tomorrow, the 'Bluestone Heavy Equipment' check is likely to rebound strongly, right?"

"Tomorrow, the 'Bluestone Heavy Equipment' check will rebound sharply, but it is still unlikely to reverse and continue to hit the previous high position."

"That's naturally unlikely. In the early stage, this The trend of the cheque's 'ceiling and floor' is really hurtful. "

"The highlight of the Dragon and Tiger List today is not only the 'Huake Shuguang' stock, but also the 'Western Securities' and 'Tonghuashun' lists are all good. In addition, the institutions or well-known hot money seats are still showing a net buying trend. It feels that the market trend is really strong and it is far from the time of real adjustment. "

"It is obviously not the time for adjustment. If nothing unexpected happens, the market will open higher tomorrow. "

"The stocks that came in with the daily limit have a good premium the next day. "

"In general, there are still many market opportunities, and you can take over with confidence. "

"And today, Mr. Su's 'Fortune Road' related seats, as well as Zhang Mengzhu's related seats, still maintain a good lock-up situation. "

"In a word, the market pattern has not changed, just continue to do more. "

"Agree, continue to do more!"

Accompanied by the continuous refresh of the group message and everyone's heated discussion.

As time goes by.

In the evening, the topic of "boosting the activity of the capital market and enhancing the role of the capital market in promoting the macro-economy" was once again mentioned in the news broadcast at 7:30 p.m., and this was the sixth time that the topic of "boosting the capital market" was mentioned in the news broadcast this year.

In addition to the discussion on this topic,

the news that the CSI 300 Index Futures and the China Securities 500 Index Futures will be officially launched next Monday, November 10, also quickly swept the hot topic areas of major stock discussion platforms.

In the case that the market's investment sentiment and investment confidence are very hot.

Any market good news will be amplified by this sentiment and confidence.

Moreover, in addition to these two good news, the trend of the peripheral market in the evening also continued to advance rapidly. The major U.S. stock indexes continued to rise sharply after the previous surge, and closed at a new rebound high.

In this way, under the dual stimulation of the good news in the evening and the good trend of the peripheral market.

The next day, November 7, Friday.

The market has not officially opened yet, but the market sentiment before the morning trading and the hot topics on major stock discussion platforms have shown that the mood of the majority of retail investors is already high and excited, and the ideas in their minds are already heading straight for the daily limit.