The three major stock indexes fluctuated downward after opening higher. The Shanghai Composite Index fell below the 2700 mark, and the three major stock indexes all hit new lows. At the close, the Shanghai Composite Index reported 2668.97 points, down 1.34%, the Shenzhen Component Index reported 8357.04 points, down 1.69%, and the Shanghai Composite Index reported 1.434+0 points, down 2.02%. On the disk, the coal, steel and shale gas sectors were among the top gainers, while the logistics, biomedicine and hotel catering sectors were among the top losers.

market outlook

Before the market opened today, there was still a lot of good news. For example, the State Council held an executive meeting to break down the obstacles of private investment and private economic development with reform measures; China and the United States restart economic and trade consultations; The RMB exchange rate rebounded sharply. The market has been numb to multiple good news. After the high opening, the relay was poor, the volume of transactions shrank, and no incremental funds entered the market. It's just the game state of stock funds, and the market pessimism spreads. In Lao She's famous drama Teahouse, there is a classic line: "Now there are peanuts, but there are no teeth." This is the current situation and the paradox faced by investors. There are no peanuts when there are teeth, and peanuts are everywhere when there are no teeth. Abundant funds and cheap stocks can never appear in the same sky. The market is in the digestive period of active fiscal policy and loose monetary policy. After all, there are only two words: lack of money. If the market wants to go well, it needs to wait for new funds to enter the market.

Operation strategy

At present, the market is in the digestive period of active fiscal policy and loose monetary policy, and how to interpret it in the future depends on the fundamental effect of policy stimulus. It is suggested to control positions, lay out low-valued blue chips in the medium and long term, and reform related targets of state-owned enterprises. Wen Fu, investment consultant, practice certificate number: S02606 1 1050006.

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