Original Qiqi Baicaidi Qiqi Baicaidi
Disclaimer: In the investment field, information changes rapidly. I record the stock market and my thinking process in plain language every day. The following content is my observation and thinking. It is only for my study and record. It does not constitute any investment advice. All profits and losses have nothing to do with me. ☺️
Did everyone have a happy Dragon Boat Festival? The government should be very happy, after all, tourism revenue has increased. The data came out very quickly this year. According to the Ministry of Culture and Tourism Data Center, during this year's Dragon Boat Festival holiday, a total of 110 million domestic tourists traveled, a year-on-year increase of 6.3%; the total expenditure of domestic tourists was 40.35 billion, a year-on-year increase of 6.3% and 8.1% respectively, an average of 367 yuan per person.
Do you think the data is not bad? Before the epidemic, the total number of domestic tourists received during the Dragon Boat Festival in 2019 was 95.978 million, and the tourism revenue was 39.33 billion yuan, 410 yuan per person; it still has not returned to the level before the epidemic!
To be honest, the average cost per person for three days is 367 yuan, which is just over 100 yuan a day, not that high! Three meals plus miscellaneous items, each person spends more than 100 yuan a day, which is basically the consumption power of ordinary people. There is no luxury consumption at all, and the trend of consumption downgrade remains unchanged. The cars in our community (within the Central Ring Road of Shanghai) basically did not go out, and several neighbors were also at home. There was no intention to travel during the holidays. In addition, the fact that the highway was not free during the Dragon Boat Festival also prompted everyone to reduce their willingness to travel. I wonder if if no one travels during the holidays, is there hope to cancel the adjustment of holidays 😺😺
…back to the market…
1. What changes are individual stocks, what remains unchanged is the index. Today, the Shanghai A-share Index fell 0.76% to close at 3028 points. The total transaction volume of the two markets was 702.9 billion yuan, and the circulation volume fell to around 700 billion yuan. The data on northbound funds has not yet been released, and domestic capital has fled 17.3 billion yuan.
2. 3,043 individual stocks rose, and semiconductor and integrated circuit chip concept sectors soared. The reason was the impact of the rise of Nvidia in the United States. It has nothing to do with my account (consumption and coal). It only hypes the AI concept and there is no substantial breakthrough. I will not participate. Having said that, if it is this style, why should I come to the A-share market? The cryptocurrency circle is more attractive than it.
3. Consumer stocks fell sharply today, Moutai fell 3.1%. Consumption was downgraded, dealers were not in a hurry to get the goods, and scalpers pushed Feitian up to 2500+ and left it in their hands. Now Feitian Moutai is 2450 yuan on PDD, which has made scalpers unable to sleep; the middle class has no money in their pockets, consumption is downgraded or even bankrupt, and Moutai's financial attributes are also reduced. The Yanghe stock I hold is a peculiar one. It does not rise when consumption rises, and it also falls when Moutai falls! The shareholders' meeting just ended, and there are a lot of good news. Today, it once fell below 90. The holding experience is too bad!
I believe that you, like me, have long-accumulated anger towards Yanghe, and feel helpless and disappointed with its employees. These emotions and stock prices will be taken away by time silently, turning into breeze and raindrops, cleansing the sky and fertilizing the earth, leaving no trace behind!
4. This year, 22 companies have "removed their stars" and "taken off their hats". Two of them were removed last night, ST Jinyun and ST Shihua. I looked at the list of these 22 companies and found that they are all loss-making. Delisting is a matter of time. They keep on wearing and removing hats, and retail investors have lost everything. Do they still want to turn things around? Although my capital is small, it is my own real money. I will stay away from these stocks and let them play by themselves.
5. The media said that European stock markets plunged yesterday afternoon. I looked at the data carefully. I thought how much it would plunge. After the opening, the French CAC40 index fell by 2%. The Eurozone STOXX50 (Euro) fell by 1%.
As a person, we should seek truth from facts. After all, they are at a historical high. A 1% drop in the foreign market is a plunge? Then how do we describe the A-share market that has dropped like this? We can't be arrogant.
6. Nvidia's market value is 3 trillion, surpassing Apple and only 180 billion dollars away from the first Microsoft. Now Nvidia has a new business growth point: Under the "sovereign AI" strategy, countries in Asia, the Middle East, Europe and the Americas are investing billions of dollars to build new domestic AI computing facilities, which is expected to bring nearly 10 billion dollars in revenue to Nvidia this year, compared to nothing last year. The market value growth is caused by achievements first and then expectations. It seems that our AI industry has it the other way around.
………Coin circle………
7. The big cake has inserted two needles in the past two days. There is usually no market on Saturdays and Sundays, so the needle inserted at this point today is worth mentioning.
Many people say that the US non-farm data is better than expected. After the adjustment in May, the non-farm employment population was 272,000, far exceeding expectations (185,000) and last month (175,000). Employment and the economy are both very good. The interest rate cut expectations have been postponed. JPMorgan Chase has adjusted the interest rate cut expectations from July to November. The currency circle fell sharply in response. Although this week is still an extremely critical week, the Federal Reserve will hold a two-day open market committee meeting today and tomorrow (Tuesday and Wednesday) to decide the next stage of interest rates. There should be no suspense in maintaining no interest rate cuts.
But this trend is not driven by the news of no rate cut, or the impact is relatively small; think about it, ETFs are all inflows (as shown in the picture), Wall Street is already asleep at this point, and suddenly this happens, the contract explodes! So take the opportunity to buy spot. 😁😁😁
7. The 55th BNB mining IO has ended. 1 BNB mined 0.93 IO. The latest price is 4.5U at 8:00 tonight. The price is expected to be between 4-7 after listing (the market value of Longyi TAO is only 7 billion US dollars, so the IO will not be too high). The average value is 5.5, so the profit of 1 BNB is 5.1 US dollars (yield 0.7%, BNB price 700). If you buy BNB to pledge when the BNB price is 700, you will definitely lose money.
So now I would rather keep an empty position than engage in staking mining like BNB. It is still very tempting to make a 16% profit by speculating on the trend for five days.
8.June is the harvest season for the money-grubbers. ZKSYNC, which the money-grubbers have been calling for for a long time, announced an airdrop today. The snapshot has been prepared, and it is estimated that 1.6 million addresses meet the conditions. This is a big harvest, about $1,000 per account.
The above is my learning and record today. Friendly exchanges are welcome!
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