Zheng's eyes look at the market 丨 stock index fell again, traditional blue chips are strong

On Wednesday, A -shares fell again, but the market style seemed to switch, that is, traditional stocks were strong, large -cap stocks were strong, and new track stocks and sub -new shares were weak. The Shanghai Composite Index fell 0.78%to 3202.14 points, and the deep syndromes fell 1.95%to 2096.07 points; the "double innovation" stock index fell slightly, the GEM composite index fell 2.37%, and the science and technology 50 index fell 1.96%.

Following the significant outflow of the previous day, it bought 7.9 billion yuan on Wednesday. The RMB exchange rate has also risen on Wednesday, which is quite related to Northbound capital behavior. The outer disk is still weak, and the three major stock indexes overnight fell by 1%.

There are some signs of style switching in the market. The style switching of heavy stocks is relatively obvious. Gree Electric, Ping An of China, Moutai, Guizhou, and heavy bank stocks have risen, while Ningde Times and BYD's two overweight stocks have fallen.

In Ningde Times (SZ300750, the stock price is 483 yuan, the market value is 1.18 trillion yuan), it has not fallen, but it has fallen for the sixth consecutive day. BYD (SZ002594, the stock price was 287.98 yuan, and the market value of 838.4 billion yuan) was relatively resisted by the stock price after the interim report on Tuesday.

Can Buffett's holding of holding is really empty? It seems to be right, it doesn't seem to be right. If the company's stock price itself is high, or the institution is too serious, it should be inevitable to suffer some shocks in the short term.

Among non -weight stocks, most of the performances are weak. A small number of pharmaceutical stocks, games, tourism and other varieties are slightly better. Most of the rest have fallen. The declines are slightly larger in photovoltaic inverters and automotive industry chains.

There is a cause of the decline in photovoltaic inverters. Personally, the main reason for the decline in such stocks may be that the cumulative increase is too large. Market news may only play a role in "falling down the well". In fact, as far as the news itself, whether it can significantly affect the stock price of relevant companies should be related to some factors. In addition to the above -mentioned "increase" factors, "word of mouth" or "transparency" is also an important factor -if the market trust in a company is originally low, or the company's "transparency" is low, then "rumor" will be It is easy to have the market, and it is more difficult to have an impact. Take a step back, even if it can have some effects, the market will be more sensitive to rumors.

Although the semi -annual report of A shares has been uniform, the market may not be able to digest in real time, and the subsequent impact will continue for a while. After research, there will be different views, and then reflected in the operation, and this has a running -in process. In the end, the two parties will slowly reach a new balance. As an example of the above Ningde era, the reporting factors seem to be unable to digest at one time.

It is expected that the performance of traditional heavy weights and blue chip stocks in the future may be better than the previous period, but it is too early to assert that "the style switching is successful" is too early. The so -called "style switching" does not refer to a day or two or even weeks, and the new hotspot corresponds to at least a long wave of ups and downs.

In terms of operation, investors may wish to do it as a "weak rebound" for the traditional overtaking blue chips, and then simultaneously observe the changes in the economic fundamentals to see if there are relatively major changes in the future.

Personally, investors should generally pay priority to the related factors of the epidemic. Because the performance of traditional blue chip stocks is expected to be too related to it, most of these stocks are watching the epidemic "face".

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