Chapter 319 At this moment, we need more patience

Wednesday, July 24, 2024.

Jisi Lu: 3.01 Shanghai Composite Index: 2909 points.

No one expected that the stock market in 2024 would be so volatile.

First, in February, the Shanghai Composite Index plummeted to 2635 points, leaving countless investors in despair.

Then, in just three months, the Shanghai Composite Index surged to over 3,100 points in May.

But at this moment, when many people were looking forward to the arrival of a bull market, the Shanghai Composite Index fell for more than two consecutive months, all the way to around 2,900 points today.

The market is extremely depressed, and hot spots are scattered and disorderly.

The huge uncertainty brought by the other country directly exploded the prices of commodities.

In just a dozen or so trading days, the prices of copper, aluminum, lead, zinc and tin plummeted by about 15 points, directly destroying the fortress that some people were holding on to.

At this point, the entire A-share market fell into a quagmire in an instant, and a large amount of funds began to flow into defensive sectors such as banking and shipbuilding.

Amidst the sluggish market, an epic event took place yesterday.

Its weight is comparable to the Cairo Declaration during World War II.

We must pay attention!

It can also be said that, to a certain extent, China, the United States and Russia have already had a complete showdown on the Middle East issue.

China, Russia and many Middle Eastern countries have repeatedly stated in multiple joint statements that they want to rebuild the Middle East based on the 1967 boundaries.

This is exactly what the US and Israel cannot accept.

In the past, serious divisions have arisen within the United States when faced with this issue.

This is bound to lead to greater divisions within the United States.

In the end, will it continue to pursue the world police model of dominating the world and enslave the world through financial and military means?

Or, should it face up to its now declining strength, withdraw its troops stationed in Europe, the Middle East, and Asia, and retreat to the North American continent?

However, if the United States really takes the initiative to withdraw to the North American continent, the global military hegemony built on empty buildings, as well as the world dollar and cultural hegemony built on the basis of global military hegemony, will collapse.

Therefore, the United States must face this issue and cannot give up the Middle East. It will definitely continue to engage in confrontation in Europe, the Middle East, and East Asia.

Therefore, based on this point of view, and from the perspective of the life-and-death game between major powers,

To win this war and game,

The price of oil can't go down anymore.

Even if Trump increases oil production, OPEC will reduce supply accordingly to support oil prices and ensure the normal operation of the domestic economy.

Therefore, based on this understanding, the current surge in commodity prices should be an adjustment.

Today, the Shanghai Composite Index fell below 2,900 points during trading. If we remove the supporting effect of the banking sector in the past few months, the points of the remaining stocks should have reached around 2,600 points.

So, at this moment, we need more patience.

Wait a little longer and wait for the United States to cut interest rates.

In addition, some stockholders asked whether to invest in US stocks.

Here, I sincerely advise this stock friend not to do so, as the US stock market has already reached its peak.

At this stage, it is really better to buy A shares than US stocks, because one is at a high level and the other is at a low level.

As one stock investor said, if there are no good stocks, you can just buy the CSI 300 with your eyes closed.