The cold was passed from US stocks to A shares

Overnight, the United States disclosed the CPI data in August. The CPI was transferred 8.3%year -on -quarter in August, 8.1%expected, and 8.5%before. Relevant US departments' September interest -bearing meeting will be held on the 22nd. After the data is announced, the market continues to bet on the more radical interest rate hike plan in the United States, and even 34%of the probability of raising interest rates 100bp expectations, and interest rate hikes, and interest rate hikes The possibility of 50bp has been completely denied.

Affected by the changes in market rate hike expectations, the US stock market fluctuated greatly overnight, and the three major stock indexes fell sharply. The Dow plummeted 3.94%. 513100) fell sharply by 4.68%, the turnover exceeded 400 million yuan, and the S & P 500ETF (159612) fell 3.82%.

Looking back, subsequent employment may become the core contradiction at the policy level. In August, the U.S. unemployment rate rising and the rotation of high -frequency indicators such as the initial invitation and continued invitation have been explained that the employment market has begun to change. At the same time, the US midterm elections are approaching, and the relevant US departments may also take into account asset prices and market risk preferences. Therefore, after the interest rate hike in September, the probability of slowing rate hike rhythm in the fourth quarter will increase. Subsequent attention can continue to pay attention to the Naqi ETF (513100), S & P 500ETF (159612).

The cold air of overnight US stocks was also passed on to the A -share market on September 14. The stock indexes of the two cities lowered the entire line, and the disadvantaged shocks in the market were revealed. As of the closing, the Shanghai Composite Index fell 0.8%, and the Shenzhen Stock Exchange Index fell 1.25%. The GEM finger with higher growth content fell 1.84%. From the perspective of the disk, on September 14th, the military, software, chips and other sectors were reddish against the trend, and new energy, automobiles, breeding and other sectors were declining. Solid stocks showed a general decline, with a decline of more than 3,600, and the number of rises was only 1,100.

In terms of quantity, the total transactions of the two cities on September 14 were 722.8 billion yuan. On September 14th, the northbound funds were slightly out of net outflow of 1.414 billion yuan, of which the Shanghai stocks were of 1.354 billion yuan.

Recently, the flow of funds in the north direction, the data comes from Wind

On September 14, the military industry sector was stronger, and the military industry ETF (512660) rose 0.83%, with a transaction value exceeding 460 million yuan. The characteristics of the military industry are "strong planning". The order of the order is a rhythm of the defense strategy and equipment planning. It is less affected by the macroeconomic fluctuations. In the short term, it is also less affected by local public health incidents and relevant US departments.

From the perspective of the industry's fundamentals, the military industry sector achieved revenue of 199.137 billion yuan in the first half of 2022, an increase of 12.86%year -on -year; the net profit attributable to the mother was 16.834 billion yuan, an increase of 16.28%year -on -year, and the growth rate ranked seventh. Looking at it later, on the one hand in the third quarter, there will be a shortage of the second quarter, and on the other hand, there may be advanced workers in the fourth quarter. It is expected that in the third quarter, it will become a big season for the fundamentals of military industry. Interested friends can look back at "Ai Xiaojun: The Great Season of the Fundamentals of Military Workers in the Third quarter", "Ai Xiaojun+Zhang Chao: Bounce the Pioneer Army? Interpretation of investment opportunities in the military industry ". Subsequent attention can continue to pay attention to the military industry ETF (512660).

On September 13, the strong breeding sector was adjusted on September 14, and the breeding ETF (159865) fell 1.71%. From a fundamental perspective, the fundamentals of the breeding sector improvement are relatively strong.

The supply side, whether it is to remove the sows from the capable sows, the sow ingredients are downward, and the supply of pigs in the fourth quarter is less than the third quarter. The supply in the first quarter of next year continues to decrease from this year. It is still a high probability event. In addition, sow prices are stable, and the relatively stagnation price of pigs and pigs is relatively stagnant than the prices of fat pigs. The demand side, as the peak consumption season is approaching at the end of the year, according to the expansion of the season -by -quarter supply and demand gap, the fundamentals of the subsequent breeding industry will maintain a pattern of tightening demand.

Therefore, from this perspective, if you adjust it, you can actively lay out ETFs (159865). (For details of "Liang Xing: Detailed Explanation of Investment Opportunities for Medicine and Breeding Industry").

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