Rebirth: The Financial Giant

As of the close, the three major stock indexes of the big A were mixed. The Shanghai index closed in the red and rose +0.26% to close at 2772.20 points, the Shenzhen Component Index fell -0.45% to close at 10109.91 points, and the GEM index fell -1.21% to close at 1903.88.

Tiansheng Holdings closed at +10.00% daily limit today, the stock price closed at 145,911.58 yuan, the daily trading volume was 206.7 billion yuan, and the total after-hours market value was 11.67 trillion yuan.

As soon as this trend came out today, the stock king was less than 9 percentage points away from reaching a record high.

In the case of such a major negative situation in the external market, the market was able to close in the red. The daily limit of the stock king today played the most central role, but it did not let the Shanghai index close down today.

If the contribution of the daily limit of the stock king to the broader market is excluded, with one increase and one decrease, the Shanghai Stock Exchange will at least close down by about -3% today, and if it has fallen from the intraday high, it means that it has fallen by about -4.49%.

After killing so much, the Shanghai Composite Index has to hit a new low.

However, the super main force was the top stock king in the afternoon, holding up the market and receiving a large number of chips.

From the current point of view, Tiansheng Holdings is again close to the pressure level of the previous high and will break through the new high. The super main players who took over today saw their trump cards earlier than other institutions in the market, and it is clear that even near the new high, they are still relatively cheap chips. .

...

That night, the U.S. stock market crashed unexpectedly, gaping sharply at the opening, and it went straight to the fifth major meltdown in the month and the eighth time in history.

The big dog owners are relieved at first sight. Although it hurts to beat the big dog owners if the oil price continues to go down, the American stock market collapse is more painful, and happiness is better than coming out.

But tonight's U.S. stock market move made global investors tremble, because the three major North American stock indexes are all frantically wandering on the edge of the fifth major circuit breaker in a month, and the circuit breaker mechanism may be triggered at any time.

But until the close, it finally closed on the edge of the circuit breaker. The market collapsed but did not trigger the fifth major circuit breaker in the month and the eighth major circuit breaker in history.

The reason is that the Federal Reserve's crazy rescue of the market, because the situation is different at this time. The Federal Reserve has already announced zero interest rates and unlimited quantitative easing. It has long entered the mode of unlimited bullets, and it has been supported by unlimited money printing. The U.S. stock market braked on the edge of the big circuit breaker.

Infinite ammunition is really exciting to use, but the stamina is also very strong. Problems will always be exposed later, but the Fed can't do anything about it.

How can you manage so much, let's continue.

As of the close, the S\u0026P 500, the three major North American stock benchmarks, fell -6.07% to close at 2470.50 points, the Nasdaq fell -5.60% to close at 7360.58 points, and the Dow Jones index fell -6.65% to close at 21052.53 points.

After all, the three major stock indexes fell by -7% during the intraday period, and the circuit breaker mechanism was triggered. Even the current closing situation is equivalent to a wave of quasi circuit breakers.

The volatility of the North American capital market, Lu Ming also looked at it, but now he can only watch it, and now he will give it away.

...

On the bright side, the collapse of oil prices is the oversupply of supply, which is the result of the superposition of negative factors at both ends of the supply and demand and the feedback resonance. Affected by the Y situation and the missed prevention and control of major economies, the demand side has been greatly reduced; OPEC+ Negotiations broke down, Maozi had no intention of reducing production, and Sate retaliated. The oil price war intensified, and the supply increased significantly.

While the demand side has dropped sharply, the supply side has been pushed up wildly, causing oil prices to plummet all the way.

From the perspective of demand, with the global expansion of the epidemic, flights are grounded, companies are suspended, and industrial production is suspended. The demand in the Greater China market alone is about 13.5 million barrels per day, which was controlled by the epidemic in the first quarter. Impression of the measures, demand fell by about 2 million barrels per day, roughly equivalent to a 15% drop in demand.

If it is simply converted according to this ratio, the global crude oil demand will drop by about 15-20% in the next few months, and it is a high probability time, that is, the global crude oil demand will be reduced by 15 million to 20 million barrels / day.

Such a large drop in demand is unprecedented. As a commodity market with obvious marginal effects, a 20% drop in demand is enough for the market to fall through, and the market is indeed falling through and then through.

From the perspective of supply, crude oil production capacity has always been very sufficient, which is why after the sharp drop in oil prices in 2016, OPEC headed by Sharte and non-OPEC oil exporters headed by Russia need to form the Na coalition to agree to cut production.

However, in the context of the sharp drop in demand brought about by the impact of Ying sentiment, OPEC+'s production reduction efforts are insignificant. If global demand drops sharply by 20 million barrels per day, even if OPEC+ reaches an agreement to reduce production, it will be futile, 2-4 million The barrel-per-day production cut is completely unable to bring supply and demand back into balance.

That being the case, it is better to just let it go and add a fire, and increase efforts to take advantage of this opportunity to kill the shale oil in the United States. At this moment, a large number of shale oil companies in North America can no longer bear it. Corporate debt in North America is on the order of $10 trillion, and shale oil companies are borrowing to get by.

A large number of junk bonds are generated in shale oil and gas companies. Now, at this oil price, more and more shale oil and gas companies have entered the bankruptcy liquidation process. The rhythm of going to the ICU.

Supply increases and demand plummets, and this divergence of supply and demand can cause another problem, which is inventory buildup.

Where is the oil produced?

The answer is inventory.

Major crude oil producing and consuming countries, including end-user refineries, etc., will build corresponding infrastructure to store crude oil. Developed countries such as OPEC usually have oil reserves for about two months for emergency response. When oil prices are low It's time to stock up on inventory.

North American crude inventories had climbed for nine straight weeks through mid-March, but have yet to reach a five-year high.

Ideally, the world has enough stockpiles to store excess crude output, but if the cost of pontoon charter or land-based storage tanks rises, it's not clear what energy storage will be available globally.

...

At about 17:00 in the afternoon, Tiansheng Capital headquarters.

At the moment, Lu Ming is at the company's headquarters. He is waiting for someone, Wang Yue, the head of Wanxiang Group. He contacted him earlier and specially asked him to come to the company to meet and talk about some things.

While waiting for President Wang to arrive, Lu Ming was looking at a financial product - Yuanyoubao.

This time, Mr. Wang was invited to come over for this matter.

Lu Ming fiercely harvested a handful from North America at the current time point. The old beauty was dying, but he must have been holding back. Yuanyoubao was about to step on the thunder, and now the old beauty has one million. Reason to smother it.

The product of Yuanyoubao is flawed in design. This time, Lu Ming didn't go out of his way to wipe their pi shares, but to cut off Wall Street's short-seller Hu, and caught the other party by surprise.

What is certain is that Yuanyoubao loses money for sure. What Lu Ming has to do is that the money cannot be paid to short-sellers on Wall Street, so he can take Yuanyoubao's offer before his opponent.

However, Tiansheng Capital is also a thorn in the eyes of the old beauty, so it is necessary to find a reliable third-party partner, and someone who can open the door in North America to execute it.

Wanxiang Capital entered Lu Ming's field of vision in this way, which was exactly what he wanted.

This time, when he went to cut Hu, Lu Ming was not interested in the amount of money. The scale of more than 30 billion yuan was only a fraction of the three trillion dollars he had harvested before.

The reason why Lu Ming wants to participate in Jiehu is with another long-term strategic intention, that is, to improve the record and reputation of Tiansheng Capital, and let the members of its foreign LP institutions see that Tiansheng Capital can win in various ways. If you don't play with Tiansheng, then you'd better be careful, so you don't know if the sickle will cut you on your head one day.

It is best to cover the money in your pocket tightly, otherwise it may enter Tiansheng's account in the next second.

Who can see this sickle without panic? If you think about it, you still can't play the ball.

For Lu Ming to achieve such an effect, this is far from what Yuanyoubao's tens of billions can compare to. If nothing else, the annual management fee charged by those foreign-funded LP institutions to ask Tiansheng Capital to do asset management is not the source of the money. Youbao's more than 30 billion yuan can be compared, and it still guarantees income after drought and flood every year.

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