Chapter 291 The Storm is Coming
Wednesday, June 5, 2024.
Last night's financial news:
1. WTI July crude oil futures continued to close down 1.31% at $73.25 per barrel, marking the fifth consecutive day of decline.
U.S. lawmakers are calling for an investigation into OPEC's manipulation of oil and gas prices.
These days, against the backdrop of the EU's interest rate cuts and the weakening US economy, the three most financially sensitive commodities in the world, namely gold, copper and oil, have been shaken violently.
LME copper fell below $10,000 in one fell swoop last night, and the price directly returned to more than half a month ago. Other commodities also continued to fall.
The storm is coming.
2. During the Israeli-Palestinian negotiations, Hamas stated that it "will not agree to any agreement that does not clearly guarantee a permanent ceasefire and complete withdrawal"; Netanyahu said in a phone call with French President Macron that "all goals, including the elimination of Hamas, will be achieved."
Even though the United States has been trying hard to mediate and cool down the situation, a ceasefire between Palestine and Israel is still fraught with difficulties.
Because neither side has achieved its strategic goal.
What's even funnier is that it's obvious that China and France have unified their positions on Palestine and Israel. Netanyahu even called Macron, and it's unclear whether it was a briefing or a warning.
In the Middle East, it is clear that Israel has the upper hand in battles, but strategically, it is at a disadvantage. The struggle and game between the two sides will probably continue.
3. Tesla's German factory stopped production for five days in June.
Tesla's overseas factories have had a rough fate. A few days ago, the German factory was attacked, a fire broke out in the American factory, and now the German factory has to suspend production for renovation.
In contrast, Tesla's Shanghai factory supplies half of its global production capacity and is currently building a battery factory, which shows China's competitiveness in the manufacturing sector. (Welcome Comrade Xiao Ma to invest in China)
4. Qatar’s sovereign wealth fund purchased a 10% stake in China Asset Management.
China-Arab cooperation has gradually expanded from resources to investment, which is a good phenomenon.
Sell oil, earn RMB, and then invest the RMB in my country's capital market, it's definitely oil RMB.
In today's world, against the backdrop of the Sino-US decoupling dispute, sovereign funds of various countries have consciously or unconsciously begun to think about their own foreign exchange security issues.
Paper money itself has no value and is just a medium of exchange. The key is the political endorsement behind the paper money.
With the decline of the US dollar hegemony and the internationalization of the RMB, wealthy people in the Middle East naturally began to think about their own wealth issues. This will have a positive impact on my country's financial market and is also one of the goals of my country's construction of a financial power.
5. The general elections in India and Mexico both suffered a triple blow from stocks, bonds and currencies.
In this round of "dollar tide", the United States did not reap the benefits of the Eastern giant. Could it be that it has turned its attention to India and Mexico?
However, although the piece of meat that India has is not small, it is not easy to chew (it has always been India that has the chance to cheat others, but no one has the chance to cheat India). Mexico is at its doorstep, so is it going to eat this grass too?
6. Four departments will carry out pilot projects for the access and road use of intelligent connected vehicles.
Fuel vehicles - new energy vehicles - smart vehicles.
This is the three-step transformation process of the automotive industry.
At present, foreign countries are not doing well in the second step, while my country has already reached the third step and achieved overtaking on the curve.
Today's market:
Today's Shanghai Composite Index is still hesitant. After opening at 3086.05 points, it began to fluctuate repeatedly. Strong cyclical stocks fell across the board against the backdrop of yesterday's plummeting futures prices, but the coal sector rebounded.
Looking at the market and the trends of his own selected stocks, Old Chen became increasingly confused:
"Li Feng, you said that the Shanghai Composite Index took several months of adjustment after the New Year before breaking through 3100 points. In just over a month, it's back to between 3000 and 3100 points. What's going on?"
"The main reason for the index's hesitant movement is the lack of a main theme and the dispersion of funds," Li Feng analyzed.
"In the past six months, I've observed three clear trends. One is the inflation-driven, price-rising cyclical stock trend, which has been going on for over six months. Another is the lifting of purchase restrictions on real estate, which has supported the market to reach 3,100 points. Finally, there's the tightening of regulations. Under this trend, a large number of stocks have been delisted, and a large amount of capital has either fled the market or been wiped out, causing a certain amount of panic."
"In today's market, the main trend of strong inflation has died down due to a period of poor performance and external futures price fluctuations. The real estate industry chain has also basically died down due to the lack of policy implementation and unfulfilled performance. However, under the strict supervision of continuous ST, funds in the market have begun to reallocate. This is the main reason for the recent scattered market hotspots and weak upward momentum."
"Oh...what should I do..." Old Chen frowned and looked worried.
"Wait," Li Feng said, "wait for the interim results report and the outcome of the international game. Then, we'll see whether it's a mule or a horse, and we'll take it out for a walk."
Q&A with stockholders:
"Chen Beibei, who loves fried shrimp," posted: "I'm wondering where to start learning about futures. I'm a freshman at a low-tier, second-tier university. I hope to land a job with a base salary of 10,000 yuan by the time I graduate. I've seen some futures traders at companies with a base salary of 10,000 yuan, and a profit of 29 yuan in simulated trading can earn a monthly salary of 8,000 to 10,000 yuan. I'm also interested in glass, and I missed the opportunity to persuade my family to buy gold at 400 yuan per gram. I've been following finance for over a year and haven't learned much. So, I'd like to ask the author where I should start."
You are very lucky that you start thinking about investing at such a young age. You are born with many more years of investment experience than others. This is a wealth.
However, you are also unfortunate because you have chosen to enter the investment industry, which seems to have a low threshold but is actually extremely high.
Generally speaking, in any other industry, if you work for three to five years, you can become a master, or even a master. However, in the investment industry, no matter how hard you work, how attentive, how diligent, or how talented you are, three to five years is just enough to get you started, and eight to nine years is enough to achieve some success.
In this industry, if you have not experienced two rounds of bull and bear markets, you are not a qualified investor, or in the words of an investment guru, don't talk about value investing before the age of 40.
This is a place where you exchange money for experience and experience for money. It is an extremely bloody place with fierce competition. It is not a den of brothel or a place of wealth, but a meat grinder called money.
If you are really interested in this,
First, what we need to do is to maintain awe of the market. In front of the market, we are all ants. Never overestimate your abilities at any time, not at all, because once you have this idea, you will face huge losses.
The greater the ambition, the greater the loss.
Second, observe the market more and accumulate more experience. This process will take three to five years. If you can survive in this market for more than five years and ensure that your capital is not lost, you are qualified to say that you make money in this market.
Everyone has to go through this process, without exception.
Third, don’t get involved in futures. The essence of the futures market is to provide hedging for entities, and individual investors are the lubricant. Once you enter this market, you will face natural institutional disadvantages, which means you will be eaten up by others.
99% of the overnight fortunes in the futures market are man-made myths, the purpose of which is to attract moths like you to fly into the flame and nourish the market.
At present, as a student, you should focus on your studies, choose a good salary, and then after getting married and having children, use the remaining money to consider investing. Only by taking steady steps one by one can you go further. Don't have too high ambitions for yourself.
As for those recruitment advertisements on the Internet, those recruiting traders, and those recruiting traders, they are all scams.
Be careful, it’s all a scam!
It's all a scam!
Before I knew it, it’s noon again. If you have time, please click on the reminder button and I will give you a free copy to show my love.
Your support is my motivation to update.
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