Jufeng’s perspective
On the first trading day of the new year, A-shares opened higher and moved lower, with the stock index falling more than 1% during the session. In terms of industries: communications, garden engineering, environmental protection engineering, aerospace, aviation, shipbuilding, etc. were the top gainers, while gold, banking, insurance, medicine, coal, etc. were the top losers; in terms of concept stocks, 5G, large aircraft, quantum communications, ST concept, and horse racing Concept, Beidou Navigation, etc. were among the top gainers; biological vaccines, Gaoshengzhuan, super brands, etc. were among the top losers.
Jufeng Investment Consulting believes that the Shanghai Stock Index’s rebound since 2,449 points needs a new leader to continue after financial stocks, shell resources, venture capital concepts, etc. recede. The market is brewing a gap period for new leaders. Affected by the huge shock in the US stock market, A-shares hit the bottom again. On the first trading day of 2019, A-shares opened higher and moved lower. The PMI data in December hit a 19-month low, which may be one of the adjustment factors. Financial stocks that protected the market at the end of the battle collectively made up for their losses. 5G and venture capital are still the short-term factors in the market. Hotspot. When the stock index plummeted, half of the stocks rose in the red, which is the market's hope for the future. Overnight, the external market opened lower and moved higher, which is conducive to the stabilization of A-shares. It is recommended that in the short term, focus on oversold and low prices, and in the mid term, focus on new energy vehicles, large infrastructure, and 5G concept stocks with strong certainty.
News
1. Readjustment of the targeted reserve requirement ratio reduction policy, expected to release 700 billion in liquidity
On the evening of January 2, the central bank released news that, Starting from 2019, the loan assessment standard for small and micro enterprises for inclusive finance targeted RRR reduction will be adjusted from "single household credit limit less than 5 million yuan" to "single household credit limit less than 10 million yuan". This will help expand the coverage of preferential policies for targeted reserve requirement ratio reductions for inclusive finance, guide financial institutions to better meet the loan needs of small and micro enterprises, and benefit more small and micro enterprises.
2. Countdown to Shanghai-London Stock Connect is expected to be operational in the first quarter
As an important measure to connect the A-share market with overseas markets, Shanghai-London Stock Connect is only a few days away from being "opened to traffic" The industry expects it to be officially operational in the first quarter. Regarding the Shanghai-London Stock Connect, the Shanghai Stock Exchange stated at the end of December last year that “the launch work is being stepped up.” Among the eight key tasks that the Shanghai Stock Exchange must do in the next stage, they include "taking interconnection as a strategy to achieve win-win cooperation with more overseas markets."
3. U.S. stocks closed higher across the board, with the U.S. dollar falling 400 points against the yen.
On Wednesday Eastern Time, major European stock indexes were mixed. U.S. stocks opened lower and moved higher, with all three major stock indexes closing higher, and the Dow Jones Industrial Average erasing a loss of nearly 400 points. Apple lowered its first-quarter revenue guidance, and its stock price fell 8% after hours. News of Saudi Arabia's production cuts helped bulls counterattack, and U.S. oil closed up 2.49%, hitting a new high in more than two weeks. The U.S. dollar index rose sharply, with the U.S. dollar falling 400 points against the yen, or nearly 4%, to a refresh day low of 104.82. Gold prices closed up 0.22%, hitting a new closing high in more than six months.
Looking forward to 2019
Looking forward to China’s economy in 2019: Coordinating six areas of stability to seize the important strategic opportunity period
2019 monetary policy conjecture: Increasing countercyclical adjustments and continuing to lower the reserve requirement ratio may Period
The year-end working meeting of seven major ministries and commissions outlines the investment keywords for 2019
2019 real estate city-specific policies: housing prices will remain relatively stable and transaction volume will fall
2019 Top ten predictions for China's stock market: Long-term capital is surging into the market, and A-shares will become the darling of global capital
Click to view>>> Whether the market can hold on to its previous lows, the latest interpretations of ace institutions, and the interpretations of top experts
(Source of the article: Jufeng Investment Consulting)
(Original title: Jufeng Early Comment: The external market opened lower and moved higher, which is conducive to the stabilization of A-shares)