Rebirth of the Capital Legend

"What the hell, what's the point of this increase? Why is my account still losing money?"

Seeing the screen full of "big infrastructure" main-line stocks rising, and "growth concept theme" stocks falling across the board, investors holding "growth concept theme" related stocks on the online stock investment forum couldn't help but complain.

"It's 'coal flying in the sky', 'real estate', 'finance' again..."

"Aren't the rises in these stocks of industries with no expectations and no future just a trick to trick people into buying in?"

"All the stocks that are pulling up are the oversold sectors. I think this market won't go far. Don't chase the rebound. This is just a scam."

"Alas, the market has been rebounding recently, but my account keeps hitting new lows. I am so depressed."

"Why are sectors like steel, coal, and real estate rising?"

"This trend is simply poisonous. Why is the ChiNext Index so weak and can never outperform the Shanghai Composite Index?"

"Not only can it not outperform the Shanghai Stock Exchange Index, but the ChiNext Index is the weakest in the entire market. It's simply... the stocks that have risen are basically all heavyweight stocks, and there is no profit effect at all."

“It feels like the stocks that have risen are all unpopular sectors that the main funds have not paid attention to before!”

“Are real estate and finance considered unpopular sectors? I think…it’s just institutional funds in the market that are banding together, and there is no so-called underlying logic to support it.”

"The key is that the real estate and financial sectors are rising, while the technology sector is still falling!"

"It seems that the market has completely abandoned the technology sector? The active funds in the entire market... seem to have been sucked away by the real estate, financial, coal and nonferrous metals sectors."

"Before, it was an indiscriminate decline, but now it is a selective decline."

"The market is rising, but my account is losing money. It's really hard to deal with. I feel a little depressed."

"Either you don't check your account, or you still have to follow the hot spots. I feel like the core theme of 'big infrastructure' is really starting to come out."

"Isn't it a good time to chase highs at this time?"

"If the core theme of 'big infrastructure' has already broken through, chasing it now would not be considered chasing highs."

"I should have just followed suit and sold off my position and pursued the core stocks in the real estate sector when President Su massively reduced his holdings of stocks related to the 'new energy industry chain' a few days ago."

"It's worth a fortune to know this earlier!"

“It shouldn’t be too late to cut positions in the technology sector now, right?”

"I cut my stake anyway. The stock of 'Wintime Technology' is really infuriating. It falls when the market goes up, and falls even more sharply when the market goes down."

“Why do the stocks of ‘Internet finance’ seem to not rise in sync with the ‘finance’ sector?”

"They have been out of sync for a long time. These stocks have risen too much in the bull market."

"All stocks that were hyped up during the bull market last year, not just the 'Internet finance' sector, but all stocks...are all in a state of continuous decline."

"You should have followed Mr. Su's lead, otherwise you wouldn't have lost so much."

"Yes, the main fund product 'Hua Yi Expedition No. 1' managed by President Su is really the god in the market."

"At the beginning of the year, I saw that Mr. Su's Fuxing Road stock had significantly increased its holdings in the consumer goods sector, especially the liquor sector, but I didn't follow suit and was stuck holding on to Baofeng Technology. Now Baofeng Technology has been cut in half, but several core stocks in the liquor sector have basically risen by 50%. Sigh... This time around, I've really lost a lot."

"Boss Su's ability to dig out the main plot is admirable, but it's a pity... he just didn't follow it."

“It’s not too late to follow suit now, right?”

"We must learn from the past lessons, cut weak positions and pursue the main line."

"I didn't believe it before, but now I have to believe it."

"It is obvious that the concept stocks in the market are no longer worth saving. Only the core stocks of the market are where the market funds gather together, and only these stocks can generate sustained market trends."

"Damn it, it's so hard to get some blood back."

"It's not just difficult, it's really as difficult as climbing to the sky. The key is that even if the market rebounds, whatever you buy will fall, and whatever you sell will rise."

"Fuck, the 'real estate' sector has risen by more than 3% again."

"The Shanghai Composite Index has risen by more than 1%, but the ChiNext Index is still in deep water."

"The active capital flow in the entire market is increasingly converging towards sectors such as real estate, finance, building decoration, building materials, nonferrous metals, coal, and steel."

"Look at 'Shenhuo Shares', 'Pingmei Energy', 'Tianshan Cement', 'Beijiang Communications Construction', 'Capital Group', 'Yu Development', 'Bayi Steel', 'Linggang Shares'... these stocks have basically all hit their daily limit. Damn... when a hot trend emerges in the market, you should have believed it earlier. If you had believed it earlier, you could have bought any one yesterday and it would have hit its daily limit today. It's not like now, and you're still losing money."

"It's really crazy. Why is the ChiNext Index not rising at all?"

"The market is all about the A50 constituent stocks. How can this end? All the institutional funds in the market have joined together. Is this forcing everyone to take over?"

"Whether you accept the order or not, just focus on the main line first."

"Awesome! This real estate is too awesome, isn't it?"

"The key is that it's not just the A-share real estate sector that's rising. In the Hong Kong stock market, a number of domestic real estate stocks are also rising rapidly."

“Is it true that the main line of ‘big infrastructure’ is going to have another big rally?”

"It's really like ice and fire, ah... never mind, I'll cut my positions and lose money, and chase the core 'real estate' stocks that appeared on 'Fuxing Road' by President Su."

"Yes, yes. Following the concept stocks held by the fund product 'Hua Yi Expedition No. 1' managed by President Su, I feel that even if I lose money, I won't lose much. It's better than holding the technology stocks that keep falling."

"The trends of technology stocks and resource stocks have completely become two extremes!"

"The stocks that have risen the most are still those that did not rise much during last year's bull market. Coupled with the change in the industry fundamentals of the real estate sector, there is indeed an opportunity for valuation repair."

"I'm going to buy the stock of China Fortune Land Development. I hope it won't bury me."

Along with the numerous retail investors who were trapped in the market's technology stocks and concept growth stocks, they cursed and complained while cutting their positions to pursue core hot stocks such as real estate, finance, nonferrous metals, coal, and construction.

The market trend began to increasingly favor main board stocks.

The growth gap between the ChiNext Index and the Shanghai Composite Index, especially between the CSI 300 Index and the A50 Index, is widening.

The A50 index closed in the green with a surge of more than 1.5%.

The ChiNext Index still maintained a decline of 0.49%.

The gap between the two in terms of growth rate has directly widened to more than 2%, which has caused almost all investors who have heavily invested in ChiNext Index constituent stocks to feel a little overwhelmed.

Of course, facing the polarized market trend.

There are many retail investors who happen to have heavy holdings in popular core sectors such as real estate, nonferrous metals, coal, steel, and construction, as well as major financial institutions.

Then I will be more excited and happy.

"Awesome! 'Shenhuo Co., Ltd.', 'Pingmei Energy', 'Tianshan Cement', 'Beijiang Communications Construction', 'Capital Group', 'Yu Development', 'Bayi Steel', 'Linggang Co., Ltd.'... these popular stocks with high market recognition have all reached their daily limit." Seeing that the main line of 'big infrastructure' continued to be hot under the help of the hot market sentiment, Zhao Zhiyuan, who was in the Shidao seat of Weihai Rongcheng, could not help but sighed in the internal group of the short-term main hot money of the 'Qilu Gang', "The trend of the main line of 'big infrastructure' and its sustainability are a bit beyond expectations!"

"Indeed, yesterday the mood was a bit overheated." Zhang Wei, who was sitting at Weihai Rongcheng Chengshan, responded, "I thought the mood would cool down a bit today, and the related core hot stocks would show a big divergence in their trends, but I didn't expect... that they would actually accelerate unanimously."

"If there had been no new positive stimulus last night, today's normal trend should have been divergence." Liang Jiucheng, a core figure of the main hot money of the 'Qilu Gang' and 'Jinan Lishan Road', said, "But last night's many positive factors gave a boost, so today the overall main line sentiment and the trend of hot core stocks continued to accelerate, which is within expectations. On the contrary, if there is a big divergence in the early trading, it would be below expectations."

"Lao Liang," Zhao Zhiyuan asked, "how far do you think the main line of 'big infrastructure' can go?"

Liang Jiucheng said: "It's hard to say. At present, the main line of 'big infrastructure' has shown a strong trend and has siphoned off many active capital flows in the market, as well as the main capital groups of other main lines. If the offline real estate market continues to be hot and the policy direction continues to be favorable, then I think... it is possible that the main line of 'big infrastructure' will become the core main line in the second half of the year."

"I don't feel that optimistic." Zhang Wei responded, "Overall, the market has not escaped the bear market pattern, and the overall market bullish sentiment is still quite average. If you look at all the main trends of the market, in fact, in the past few days, the main line of 'big infrastructure' has exploded. Except for the short-term general rise in the market at the end of yesterday, the main line of 'big infrastructure' has not been able to drive the overall rise of the entire market.

Moreover, today, the growth gap between the ChiNext Index, CSI 500 Index, and the CSI 300 Index, A50 Index has not narrowed but widened.

What does this show?

This shows that no matter how the main market trend develops, it is always in the local market trend.

The reason why the "big infrastructure" main line will form a relatively strong capital siphon effect on other main lines of the market is that the active capital flow and liquidity of the entire market are seriously insufficient, and there is no new off-site incremental funds entering the market.

Since there is no new incremental capital entering the market...

Then, under the situation of the game of existing funds, it will be difficult to develop a major market trend that lasts for a long time.

Therefore, at the current stage, I still have great doubts about the main line of "big infrastructure" and the sustainability of the market's "coal-flying and colorful" trend.

Of course, the sustainability of the main market trend is questionable due to the constraints of volume.

But it does not mean that this core line cannot be done.

At least we can do short-term speculation, short-term relay of popular stocks with high market recognition, and take advantage of emotions to harvest a wave of retail investors who follow the trend. "

"I think we should not be too optimistic, but we also don't need to be too pessimistic." Zhao Zhiyuan took over and said, "From the technical analysis of the index trend, the market should have a weekly rebound trend here, and there is no doubt that the core theme of 'big infrastructure' is the opportunity for this weekly rebound, and it is definitely the core theme with the strongest explosive power in this weekly rebound.

Since it is at least a weekly level rebound, then... I think our pattern should be bigger.

Market divergence accelerated today.

It is estimated that when the sentiment subsides slightly tomorrow, there will be market divergence in the main area of ​​'big infrastructure'.

If we judge by the weekly market, then tomorrow's market divergence is not a selling point, but a good buying point."

"Let's take one step at a time and see what happens next." Liang Jiucheng thought for a moment and said, "Let's see how the market will handle the divergence, and we can also observe the trend of the Hong Kong stock market.

This wave of "big infrastructure" main line market is mainly driven by the "real estate" sector.

The unusual movements in the real estate sector and the resulting consensus expectations have led to speculation.

It first appeared in the Hong Kong stock market.

Of course, according to everyone's speculation, most of the unusual movements in real estate stocks in the A-share market and the Hong Kong stock market were driven by the capital mining of "Hua Yi Capital."

"I have to say that Mr. Su from Huayi Capital is really top-notch in exploring the main market trends and driving the main market trends." Zhang Wei continued, "If it weren't for Mr. Su from Huayi Capital's seat influence and market influence, this wave of real estate market would not have been hyped up, right?"

"The underlying logic of this wave of real estate market is still very solid, right?" Zhao Zhiyuan said with disapproval, "House prices in offline cities have been rising recently, and the expected bull market in the real estate market is not impossible. The rise in offline house prices... must be good for major real estate development companies and the entire industry, right?"

Zhang Wei thought for a moment and responded: “Although the underlying logic is correct, the performance of real estate stocks, that is, the expected performance, often lags behind the industry by one to two years. In other words, the general rise in housing prices in major offline cities will not be reflected in the performance of major real estate stocks until next year or even the year after.

In other words, the timing to speculate in the real estate sector is a little advanced.

After the stock price is hyped up, if the performance fails to meet expectations, the stock price will definitely fall back. This is also a major reason why I am not optimistic about this core theme and its long-term trend, which can form the trend of a number of core stocks in the liquor, white goods, and pharmaceutical sectors.

Previously, Mr. Su from Huayi Capital explored the liquor and white goods sectors.

Whether it is stocks such as 'Qianzhou Moutai', 'Wuliangye', and 'Luzhou Laojiao', or the three giant stocks of 'Gree Electric Appliances', 'Midea Electric Appliances', and 'Haier Electric Appliances', after the continuous rise in stock prices, the performance improvement in the past one or two quarters has been reflected, which shows that the stock price is driven by performance.

Therefore, once the share prices of these stocks go up, it is very difficult for them to fall back.

This is also the fundamental reason why more and more major capital groups in the market are flocking to the "pharmaceuticals", "white wine" and "white appliances" sectors. "

"Lao Zhang..." Zhao Zhiyuan said with a smile, "Why do you keep going back to the previous day? This is institutional thinking. Don't forget that we are hot money in the market. We have to think about market trends with hot money thinking, and we also have to use hot money thinking to make trades and look for suitable market speculation opportunities.

Since we are talking about stock speculation, naturally our focus will be on the core word "speculation".

What does the fulfillment of performance expectations have to do with us?

As long as there is sentiment support, enough followers, and other major funds willing to take over at this position, then isn’t that enough? Do you really plan to buy it and then sell it after a year or two? "