Weekly fund vision: market trend returns to economic fundamentals
Huatai United Securities Co., Ltd. Yang Yanyan The CSRC and other departments have a protective attitude towards the A-share market, hoping to promote the improvement of the stock market by introducing more external funds. Considering that the current market valuation is low and the downside risk is limited, the rhythm of policy relaxation will be an important factor affecting the rhythm of the market rebound. The non reduction of domestic shares is still fierce, Bank of China The industry will usher in a new round of financing tide. In the short term, the newly added capital into the market is limited and will not have a substantial impact on the market. With the gradual release of the annual report and quarterly report, small and medium-sized stocks with lower earnings than expected still have certain risks. In the short term, we will not see further policy loosening beyond expectations, and the market will continue to adjust in shock. When the half year line is broken down, it is the best policy to retreat. The market sentiment of sudden fear may be worrying. The market trend and the rise and fall of the industry may increasingly return to the economic fundamentals, which may need more certain events or data to support, and need to be sorted out in stages to find new impetus, so it is back to the stage of examining the economic fundamentals. The first half of April will be a sensitive time window.
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