National Gold Strategy: Ammunition Sufficient A Shares Are Getting Into A Good Situation
Source: Strategy Li Lifeng and Industry Allocation Note 1. Major global equity assets rose sharply, mainly benefiting from loose liquidity and the continued rise in risk selection; from the FOMC interest rate observer data, it is expected that the March Fed meeting interest rate level will remain unchanged.Change, but the interest rate may be lowered once in April; 2. In February, the 11th year of resumption (2009-2019), except for the 2016 A-share February fuse event, other years of February achieved a comprehensive or structural increase.; From the perspective of market style, in the past 2 months, A-shares have been dominated by TM technology growth market style; 3. Economic downward pressure has increased, and the intensity of countercyclical adjustment has been intensified: open market operations have been carried out beyond expectations, February 20LPR is likely to go down; the refinancing of listed companies will be loosened.
The recent amendments to the new refinancing rules mainly focus on moderately loosening the refinancing of the GEM; 4. In the short term, the market’s operation rhythm needs to be paid attention to the fund product repurchase rebates and product issuance; a little, the overall flow between banksSexual affluence will surely pass to the A-share 北京夜网 market.
Regarding the impact of the epidemic on A shares, we have repeatedly demonstrated that an effective and controllable epidemic cannot change the existing operation mode of A shares!
For example, the February monthly report, “Counter-cyclical policies repair market sentiment, and technology is the mainstay of deployment” 5. In terms of industry configuration, focus on two main investment lines.
1) Deeply dig the main line of US stocks mapping and configuration in emerging industries, such as “Apple industry chain, electric vehicle industry chain, cloud games, safe and controllable”; 2) Benefit from the active securities market in the primary and secondary markets; the current point in timeThe A-share market is generally good (we have repeatedly), as described in the February monthly report of the National Gold 杭州桑拿 Strategy!
Follow-up attention to 4 major events: 1) 1-month credit data to be disclosed; 2) The probability of lpr interest rates on February 20 will be greatly reduced; 3) FTSE Russell Global Stock Index series of evaluation results; 4) the epidemic situation gradually improved