Chapter 306: Endure, Wait, Grind
Boil, wait, grind
Tuesday, June 25, 2024.
Jisilu temperature: 4.08 Shanghai Composite Index: 2957 points.
The market is extremely boring, let's continue bragging.
First, last night, Yellen stated: "The United States is fully capable of freezing the funds of any country. It has the right to confiscate assets from other countries when it deems it necessary, without having to explain their whereabouts or use to any country."
It has been obvious for a long time, but many people just covered their eyes and pretended not to know.
Last time it was Damao, who will be next time?
However, this behavior is continuously overdrawing the credit of the US dollar. Once the US dollar cuts interest rates and the interest rate gap disappears, the flood will pour down on everything that still accepts the US dollar.
Therefore, now, many wise entities are trying to avoid this risk as much as possible.
Either buy gold, or bet on the long side.
This turning point is the time when the United States cuts interest rates, and it is also the reason why international commodities have continued to fall recently - the European Union, Canada and other countries have cut interest rates, and the US dollar has appreciated against a basket of currencies.
Or you can say that everyone is waiting in anticipation.
This time point has now moved to around September.
2. The city of Sevastopol in Crimea was attacked by Ukrainian missiles, resulting in many casualties.
This is in connection with yesterday's K attack, the new round of sanctions against Russia, and the use of interest from Russia's overseas assets to support Ukraine.
In the second half of the year, it is estimated that the fighting there will become more intense, with outbreaks across Europe, Africa, and the Middle East.
3. Also, it has been three years since the middle of 2021. With the gradual completion of the guaranteed delivery of buildings, the area of newly started real estate has continued to decline.
Due to the gap between the old and the new, demand in the real estate industry chain will continue to decline, and performance may even plummet.
However, due to the fact that the stocks of these industries have basically fallen to the point of being unrecognizable in the past two years, many have even been delisted.
It is estimated that the emotional damage to investors is huge, but in fact, the impact on the stock market is not significant.
Simply put, it will further demonize companies related to the real estate industry chain.
Funds will completely abandon this industry (as well as the liquor industry) and seek new directions.
Today's market:
The market conditions in recent days have been boring and uninteresting, making many investors despair. The investors' emotions are even more desperate than when the index plummeted to 2635 points in February this year.
Specifically, it is numbness.
If I were to describe it in one word, it would be "grinding". If I were to describe it in two words, it would be "torture".
There is no light in the eyes of pessimists.
"2800 points, no, I'll go in at 2700 points..."
"Let's keep it at 2600 points. Didn't you see that GZMT has already broken through? If it falls, it won't even be able to hold onto 2500 points. Besides, the economy is so bad right now, there's no hope for the future..."
"Then...then I'll wait and see?"
"Yes, we should at least wait for GZMT to stabilize before entering the market. I estimate it will drop at least another 100 or 200 points, right?"
In the VIP room, a group of people stared at the cold number on the index and talked.
After hearing this, Xiao Bo, an old stock investor, was also a little at a loss.
These days, the Shanghai Composite Index fell at a standard 45-degree angle from over 3,100 points to over 2,900 points in one breath, without even taking a breath.
It seems, bottomless.
Who isn't afraid?
"Li Feng, please give me a massage. The market has been falling these days and my account has shrunk. I feel very uncomfortable." Xiao Bo said.
"Why do you feel uncomfortable?" Li Feng raised his head and asked back in some surprise.
"You don't know this? You lost money, alas... I thought the market would break through 3200 points and there would be a wave of market, but it turned downward and broke through 2900 points..." Xiao Bo muttered.
"Losing money is only one aspect. The bigger reason is that you can't see hope and you don't feel confident," Li Feng said pointedly.
"It's already the end of June, and the second quarter is almost over. The interim results of all listed companies are already clear."
"Don't just focus on the Shanghai Composite Index; it's just a number. Instead, keep a close eye on the companies you own. How are their interim results? What are the future industry trends?"
After a pause, Li Feng continued:
"As long as there are no problems in these areas, and as long as they are even getting better over time, then what do you have to worry about?"
"In the words of a big V, we should be the roses of time and friends of time."
"Besides, at this point in time, a big drop isn't a bad thing. True gold is refined by fire. Funds are also fighting, and the fittest will survive. Once the interim report comes out, the funds will naturally choose their direction."
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The recent market situation is really boring and terrible.
To put it in three words, it is "endure", "grind" and "wait", which all take time.
Wait for the Federal Reserve's monetary policy to shift.
etc. mid-year performance reports of listed companies.
Waiting for the key domestic meeting in July.
Just wait and endure.
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