Zheng's eyes: The short -term performance of the market is still lacking on the attack kinetic energy?

On Monday (August 1), the A -shares had obviously killed the early trading, but quickly counterattacked, and then the strongness basically continued until the closing. As of the close, the Shanghai Composite Index rose 0.21%to 3259.96 points. The remaining stock indexes increased significantly, the deep comprehensive index rose by 0.97%, the GEM composite index rose 1.09%, and the science and technology 50 index rose 1.03%.

The Shanghai Composite Index has a limited increase, which is related to the weak performance of banks, securities, insurance, and real estate. In terms of foreign capital trends, the net inflow of funds in the north is 2.398 billion yuan throughout the day. In terms of related markets, US stocks rose significantly last Friday, but the Asia -Pacific market performed slightly on Monday.

When the market opened in the morning, the stock index performance was relatively poor, and many stocks fell short and fast. However, the market quickly returned to the rise under the automotive industry chain. In the end, the performance of the market was better and many stocks increased significantly.

The rise in the automotive industry chain is related to the benefits of this sector. The executive meeting of the State Council held a few days ago clearly proposed that it continues to exempt the purchase tax policy for new energy vehicles. In addition, the meeting also emphasized that in addition to individual areas, the number of vehicle incremental indicators should be gradually increased to restrict purchase areas, relaxing the qualifications of car purchasers; opening up the traffic jams of used cars.

This year, all investors may have a feeling. This seems that the favorable frequency of any industry is not as good as the automotive industry. The author estimates that in the visible future, the automotive industry will still be relatively good.

In addition to the automobile sector, semiconductor, PCB, lithium battery and other varieties also perform strongly. The rise of chip stocks is partially due to the performance growth rate of many companies in this sector, and some of them may benefit from some emotional factors. Everyone knows that the international competitive atmosphere of the high -tech industry has recently been further rigorous, but this will strengthen the "domestic alternative" expectations of some scientific and technological stocks in A shares.

The Manufacturing Purchasing Manager Index (PMI) released by the National Bureau of Statistics last Sunday was 49.0%, a 1.2 percentage point from June, and fell to 50%of the Rongku Line. The newly announced July Caixin Manufacturing PMI Index recorded 50.4%on Monday morning. Although this is higher than 50%, it is lower than June 1.3 percentage points. These data are obviously weaker than expected.

In April and May in the second quarter of this year, it should be a period when the domestic epidemic was relatively serious. In June, the situation of the epidemic had improved significantly. Strong expectations. Therefore, the newly announced July PMI index is disappointing. PMI is a leading indicator. In the eyes of institutional investors, its importance may not be less than the GDP data published in the early stage, because after all, investment is "looking forward". When the PMI indicator is not good, institutional investors often make it easy for some of their individual stocks to show forward.

The market has a good performance in the short term, but the author personally feels that it may lack continuously rating energy. The stock index may still have a narrow shocking pattern as a whole. The overall thinking of investors should still be based on "light markets and heavy stocks".

The economic situation is naturally the heavy pressure of the stock index. Although the economic weakness often occurs when it is weak, it is generally based on the liquidity marginal easing, but this condition is not necessarily established. Judging from the performance of the small inverse repurchase of the central bank earlier in July, its intention has actually been displayed. In the future, even if the central bank strives to release more liquidity, it will generally have a limit.

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