Chapter 309: Everything will turn into its opposite when it reaches its extreme. Believe in common sense.
Friday, June 28, 2024.
Jisilu temperature: 4.2, Shanghai Composite Index: 2940 points.
Today's Shanghai Composite Index opened at 2940 points, dipped slightly, and then suddenly soared, soaring by 1% at one point.
On the market, strong cyclical stocks such as kerosene, oil, gold, copper, aluminum, tin, and shipping generally rose, and only the liquor sector fell against the trend.
In addition, the copper cable technology sector also saw good growth.
This trend, like giving investors a glimmer of hope in the midst of despair, keeps them from leaving the casino.
Last night's news:
1. The index of second-hand home contracts signed in the United States in May fell 2.1% to 70.8, the lowest level since 2001.
Whether the Federal Reserve cuts interest rates is closely related to whether commodities will continue to rise.
Today, real estate sales in the United States are facing big problems due to persistently high interest rates.
Everything has its limits, believe in common sense.
The Federal Reserve cannot continue to maintain such high interest rates because the economy simply cannot afford it. Even if it raises interest rates again as some Federal Reserve officials have said, it will definitely lower interest rates in the future.
Therefore, whether actively or passively, interest rates will have to be lowered in the future.
Now, it is a stage of negotiation between reality and expectations.
Waiting is the best option.
2. The long-awaited important meeting has been scheduled for July 15th.
This is a major meeting that will determine the political and economic trends of our country in the next 20 years or even a hundred years.
expect.
3. The Japanese yen fell to 161, and the August Brent crude oil futures price rose to US$86.39 per barrel, approaching the April high.
While the US dollar is relatively strong, oil prices are rising against the trend.
In fact, in the past six months, in this game between money and currency, the US dollar has depreciated relative to various commodities.
Could it be that in the future the US dollar and commodities will strengthen together?
Just walk and watch.
Today's market:
Amidst extreme pessimism, a large bullish candlestick appeared, but it did not move the already numb nerves of investors at all.
Judging from the data of this book, the number of requests for updates has decreased by 30%, the rating has dropped by 0.1, and many investors have left this market.
Waved goodbye, without taking away a cloud.
This is normal. The stock market goes up and down, and investors come and go, round after round, one after another, and there is no end.
Shareholders exchange:
1. "Long Jiao who likes Kui Zhou Long": Gangtie seems to have disappeared a bit recently. Isn't that right?
Both the supply and demand of steel are under pressure. On the one hand, there are tight constraints on the supply of iron ore, and on the other hand, the major customers of demand - the real estate industry and the automobile industry (aluminum replacing steel) - have weakened, so the trend has been poor in recent years.
When investing in nonferrous stocks, you must choose companies with mining companies so that you can fully enjoy the performance growth brought about by asset revaluation.
As for my country's steel industry, since the supply of iron ore is controlled by three international giants, most of the price increase dividends in the industry are divided among these three companies, leaving only a small amount of profit for us domestically.
This is also the reason why the steel industry performs worse than other non-ferrous stocks in every major inflation cycle.
It’s not that the industry is bad, but that the profits are being divided up.
2. “My Flat-Headed Brother”: Does it feel like the nonferrous metals sector cycle is coming to an end?
Everyone’s judgment is different, which leads to different operations, and thus there are long and short positions.
Stick to your own judgment, bet on your own cognition, and accept the rewards and punishments brought by your correct and incorrect judgment.
3. "Chen Xiaotian": Today is the last day of June. May is the worst, June is the worst, but July is the best.
No one can predict what the future will be like, so stock trading is full of charm and risks. I hope there will be a wave of market in July.
Also, summer vacation is here, so I have less time to update, so I will try to update as often as possible.
Everything that needs to be said has been said, everything that needs to be calculated has been calculated, the chips have been placed, and it all depends on how the market develops.
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