The transaction volume was 660 billion, with a median of -2.23%. Foreign investors sold a net of 6 billion. In the past three months, there were more sales than purchases. If the seats of mainland securities firms are deducted and only pure foreign investors are counted, the capital outflow will be more serious.
The national team stopped buying ETFs today and gave up the support, which led to the air force's surprise attack at the end of the trading session, and the bulls fled in panic. If the national team gives up tomorrow, 2900 will be in danger.
The US Capitol Building lowered its flag to half-mast. It was rumored that President Biden had died of coronavirus, but it has been debunked. It was another black female congresswoman who died. But even so, it is unreasonable to attribute today's big drop to this, because today's global gains and losses, among which A-shares fell far ahead, or there was a problem with internal liquidity.
Now a large amount of funds are flowing out of A-shares every day, and a drop to 2,900 cannot shake their determination to sell. Everyone has their own aspirations, there is nothing to say.
Before, I said that the risk-reward ratio was low at 2900+. If there are continuous declines like today, the stock market will fall to the point where ghosts will howl and investors will curse and curse the sky, the earth, the society, the government, the big Vs and themselves. When there are collective extreme emotions, you may consider adding some index futures to make a short-term rebound. Otherwise, you would rather miss it than take action.
There are no investment opportunities in A-shares that cannot be missed. Remind yourself not to eat a mouthful of shit just to pick up a few beans.
……
1. A research report from Changjiang Securities listed a data that in the second quarter of this year (April-June), a total of 23.2 billion active equity funds were issued by public offerings, but 263.4 billion were redeemed during the same period, which means that the net redemption in the entire second quarter was 240.1 billion, 80 billion per month. This scale is not small, and I think it can explain the source of the selling to some extent. The biggest sorrow of the investors is the loss of their hearts, and they are determined to leave and not look back even if they suffer a huge loss. Some scams will only be fooled once, and I think these investors who have cut their losses and left will probably never invest in the Chinese stock market again in their lives.
2. Buffett continues to reduce his holdings in BYD, which has fallen below 5%. In fact, BYD's fundamentals are not bad, especially in the A-share market, it is already a rare life-saving stock, but Berkshire is still selling its shares steadily. I am now 80% sure that the motivation for the sale includes political risk aversion factors.
3. Banks in Beijing and Shanghai have recently lowered the interest rate for first mortgages to 3.4%, and the interest rate for second mortgages is now 3.6%. Compared with the previous years, those who bought a house with gritted teeth are pure frauds. Not only are the houses more expensive, but the interest rate is 20-30% higher. The couple has worked for nothing for at least 5-10 years. If you have the conditions, pay off the loan in advance. There is no financial management with higher returns than paying off the loan in advance.
My mortgage was approved in 2016 at a 15% discount. I thought I would not have to pay it back in advance for 30 years, but recently I have been re-evaluating this matter.
4. ST Blue Sky's closing market value has been below 300 million yuan for 19 consecutive trading days. In addition, today's price limit has been reached, so it has met the delisting conditions for 20 consecutive days in advance. It's over. This is the first A-share stock to be delisted due to its low market value. Previously, it was delisted when the stock price was below 1 yuan. This company was originally called Shenzhen Tiandi A, and its main business was cement production + real estate development. You can tell from the code 000023 that it is a veteran of A-shares. It has been IPO for 31 years, but it did not survive this midsummer.
5. The National Medical Insurance Administration organized experts to study and formulate the DRG (Disease Diagnosis Related Group) and DIP (Disease Type Point) 2.0 payment methods. You can think of it as a set meal in a restaurant. After you find out which disease you have, you can pay for treatment according to the known set meal. It is more standardized and transparent. This should be considered a positive for the pharmaceutical industry, but today, both CSI Pharmaceuticals and CSI Healthcare fell by 3%. CSI Healthcare fell by an average of 22% per year in the past four years, and CSI Pharmaceuticals fell by an average of 17% per year in the past four years. It's really awesome, killing people without bloodshed.
6. Guangdong's GDP in the first half of the year was 3.9%, including 4.4% in the first quarter, and it seems that it is less than 3.5% in the second quarter, which is a bit worrying. I looked at the secondary industry +5.7%, which is OK, but the tertiary industry +2.7% is quite lagging. Zhejiang's first half of the year was +5.6%, and Jiangsu's first quarter was even stronger than Zhejiang. The Yangtze River Delta is indeed the core area of China's economy.
Oh, by the way, the interest rate for first-time home buyers in Guangzhou has been reduced to 3.1%.
7. Tonight, Ethereum's ETF passed and will soon be traded in the US stock market. Ethereum launched its ICO on July 22, 2014. It's a coincidence that it's exactly the tenth anniversary. Ethereum is the Ethereum that I sometimes mention. The main network built on it is the largest public chain network. When the ICO was launched 10 years ago, it was subscribed with Bitcoin. One Bitcoin subscribed to 2,000 Ethereum. Now the latest price is that one Bitcoin can be exchanged for 19 Ethereum. The Bitcoin standard has increased by 100 times, and the US dollar standard has increased by more than 10,000 times.
That's all.
