The Trend Of The A Share Market Is Relatively Weak.

Although the G20 was held, the market wait-and-see sentiment was obvious.

The short-term market will continue to shake, attach importance to the investment opportunities brought about by the fiscal policy and the consumer stocks whose performance is better than expected.

At present, the index and capital positions are on the upper reaches of the year to date (2700 points -3200 points).

The overall market situation in September should be mainly based on the rebound of shocks. The possibility that the monthly line will continue to catch up is relatively large. The main reason is that many favorable factors will gradually be fulfilled in September. For example, the Fed's interest rate raised by previous market worries is relatively poor, and the recently released non-agricultural employment data are relatively poor. The possibility of raising interest rates by the fed in September is basically ruled out. It is estimated that the Federal Reserve will consider raising interest rates at the end of the year, which will reduce the market worries.

On the other hand, the opening of Shenzhen Hong Kong Tong is getting closer and closer. Recently, Hong Kong stock has been out of a continuous upward trend thanks to the opening of Shenzhen Hong Kong stock exchange. Hong Kong Stock Exchange has achieved a net inflow for more than a dozen trading days, pushing Hong Kong stocks up a wave of rising prices.

In view of the "golden nine silver ten" argument, Qianhai open source Fund said that there should be a wave of rebound.

The strength of the rally may be a continuation of the previous rhythm. It may rebound 200 points, callback 100 points, and maintain the rhythm of "advancing two to retire".

Views on A shares are relatively cautious, the market has continued to adjust in the near future and the index declines are relatively limited, but the decline in stocks is relatively significant. The theme of state-owned enterprise reform is flat, and PPP continues to show its theme.

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After the approval of the State Council, the Hong Kong stock market has been slightly adjusted, but the long-term driving logic still exists.

The performance of Hong Kong shares may be better than the A share, benefiting from the return of funds, the short-term economic stability, the reform of state-owned enterprises and the implementation of Shenzhen Hong Kong.

Everyone is wondering what to do in September. In September, many people dreamed of "golden nine silver ten". Would September be a good harvest month? Qianhai's open source fund Yang Delong's view is that September's overall market should be dominated by shock rebound, and the possibility that the monthly line will continue to receive the sun is relatively large. The main reason is that many favorable factors will gradually be fulfilled in September. For example, the Fed's interest rate raised by previous market worries is relatively low, and the recently released non-agricultural employment data are relatively poor. The possibility of the US Federal Reserve's interest rate increase in September is basically ruled out. It is estimated that the Federal Reserve will consider raising interest rates at the end of the year, which will reduce the market's worries.

On the other hand, the opening of Shenzhen Hong Kong Tong is getting closer and closer. Recently, it has benefited from the opening of Shenzhen Hong Kong link.

It has already gone out of the trend of continuous rise, and the Hong Kong Stock Exchange has achieved a net inflow for more than a dozen trading days.

A shares tend to lag behind us stocks and Hong Kong stocks. First of all, US stocks will rise first, followed by Hong Kong stocks, and then they will be pmitted to A shares. Now A shares are in the stage of waiting for a boost, so the trend of Hong Kong stocks that we see now may be the trend of A shares in the coming months.

Recently, the rebound power of A shares is relatively weak.

Lack of confidence, we all know that A shares are never short of funds, but lack confidence. When there is no visible money making effect, many OTC funds have been waiting and watching, and the enthusiasm of funds in the field is also relatively weak.

It takes time for investors to recover their confidence, so they often lack motivation when rebounding.

It is an indisputable fact to see that the bottom of the market is constantly rising. From the more than 2600 points before and after the Spring Festival to more than 3000 o'clock, basically the bottom has raised nearly 500 points, that is to say, there has been a certain upward trend.

Because the structure of investors in A shares is still dominated by retail investors, the response is slow. It may take a while before there is a significant profit effect.

In view of the "golden nine silver ten" argument, Yang Delong thought there should be a rebound.

The strength of the rally may be a continuation of the previous rhythm. It may rebound 200 points, callback 100 points, and maintain the rhythm of "advancing two to retire".

Hong Kong stocks remain optimistic. Although the Shenzhen Hong Kong Tong implementation plan has been approved by the State Council, there has been a slight adjustment in Hong Kong stocks, but the long-term driving logic still exists.

Hong Kong stocks are likely to be better than A shares, thanks to capital repatriation, short-term economic stabilization, expectations of SOE reform and implementation of Shenzhen and Hong Kong Exchanges.