Chapter 336 One More Day
Tuesday, November 5, 2024.
Jisilu temperature: 17.1, Shanghai Composite Index: 3306.81 points.
As the index rises, the temperature rises.
Yesterday, the Shanghai Composite Index pulled a small positive line at the end of the trading day.
Today, after the Shanghai Composite Index opened, it opened low and ended high, and it was another medium-sized positive line.
The market is slowly heating up.
This is not without trace.
Rather, it is the reaction of those big funds to domestic and foreign policies in the second half of the week.
You know, there is only one day left before the results of the US election are announced.
Yesterday's news:
1. RD debt conversion.
In fact, it is just loosening the monetary policy. The specific scale will depend on the results of tomorrow's US election.
So, strike back and gain the upper hand.
Counter each move with a countermove.
2. "New Federal Reserve News Agency": "There is no doubt that the interest rate cut will take place this week, but the challenges lie ahead."
In theory, there will be a 25 basis point rate cut this month.
However, there is also the possibility of a direct interest rate cut of 50 basis points.
Because only they themselves know how big the hole that cannot be blocked is.
Now, on some forums, some people have started to short commodities in the futures market, with many reasons.
For example, the production capacity will increase a lot in the future.
For example, the resources of this species are not scarce.
For example, prices have risen too much and industries are no longer profitable.
In fact, this is a very dangerous behavior.
Because once the Federal Reserve releases money on a large scale, coupled with the sharp depreciation of other countries' currencies,
So, even if the production capacity increases, the product is no longer scarce, and no longer profitable,
There is also a great possibility that it will lead to a surge in commodity prices.
This will inevitably lead to a surge in commodity prices in the futures market.
The futures market is a worse place than the stock market.
That is the private land of the crocodiles.
Once the chives grow, they are harvested ruthlessly.
That's where money is king.
No matter whether you are long or short, your ultimate fate is to be harvested by the dealer with larger capital.
You absolutely cannot go there.
3. China’s Caixin Composite PMI in October: 51.9, higher than 50.3 last month.
Under this round of combined fiscal and monetary policies, the trend of my country's economy bottoming out and recovering is very obvious.
In fact, to a certain extent, as long as prices can be guaranteed to rise reasonably,
Then everyone will make money.
Naturally, all kinds of data will improve.
Inflation is on the way.
Today's market:
Today the market first fell and then rose, with various concepts rising in turn.
The securities sector led by Oriental Fortune, the smart car sector led by SERES, the small metal sector led by Yunnan Germanium Industry, and so on.
With the foundation laid by large-cap stocks, there are always talented people emerging in every generation, and each of them leads the trend for dozens of days.
The rotation is in progress.
The hot spot in the venue never goes out.
Money never sleeps.
Wait patiently for major domestic and international events to take place this week.
Before I knew it, the market closed again.
On the market, in anticipation of favorable news this week, the leading brokerage firm, Oriental Fortune, surged by more than 10%, almost catching up with the high point on October 9.
There are so many gamblers.
In the non-ferrous metals sector, small metals began to perform wildly after the news of the embargo. Yunnan Germanium Industry has been on the board for four consecutive days, Huayu Mining and Baosteel Group closed the board again, Chihong Zinc and Germanium soared 8%, directly breaking through the previous high, and Huaxi Nonferrous Metals also rose by 6%, breaking through the previous high.
In addition, there are magnesium, titanium, tungsten... and so on.
In the insurance sector, China Life Insurance surged 6%, while China Insurance Group and Ping An Insurance surged more than 3%...
In the end, the Shanghai Composite Index closed at 3386.99 points.
After a month of adjustment, the Shanghai Composite Index began to rise in small steps under the favorable expectations.
It is very likely that the Shanghai Composite Index will break through its previous high of 3,674 points this year.
However, this process is different from the previous hurricane-force advance.
It should be a slow rise, a small-step, fast-moving upward movement.
Fellow investors, please hold on tight and continue watching the show.
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