Our A – share performance can be said to have exceeded all expectations.
Over the weekend, the US passed a $1.9 trillion economic stimulus package, a major piece of good news, and the US stock market started to rally. Within two trading days, the Dow Jones index in the United States had recovered its losses and hit a record high.
In such A positive, we are looking forward to A shares. Li Daxiao, chief analyst of Yingda Securities, A well-known military commander in chief, also believes that the US $1 trillion stimulus plan has boosted the global stock market, and our A shares will also resist after the sharp drop.
However, this A – share trend once again let Li Daxiao hit the face, sit the title of the reverse index. When our A shares high open, all the way down, midway can be said to have no decent resistance. By the end of the day, Shanghai was down more than 2 per cent, while the ChiNext index was down nearly 5 per cent, its biggest one-day drop in a year.
Therefore, some netizens said that if Li Daxiao is really for the sake of retail investors, the best way is to shut up and don’t talk. Actually A such trend did not exceed my expectation, yesterday before opening the market the author predicted A will high open low to go, because of A kill fell and did not end, the whole technical surface was completely destroyed.
And it was mostly huddled stocks, which still don’t look cheap. For example, liquor plate, the author said that the valuation of 20 times is good, from the current average valuation, there should be a halved distance.
Add to that the combination of fear, which tends to overshoot stocks, and it’s no surprise that stocks have tumbled.
article links：A-shares plunged 5% and US stocks hit A record high
Reprint indicated source：Shine Trader Limited Live information