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 and does not constitute any investment advice. All profits and losses have nothing to do with me ☺️
There is no final investigation result on the fucked-up operation of mixing cooking oil in tank trucks. I didn’t want to talk about this matter originally, as it might be suspected of riding on the popularity! This kind of thing is no longer surprising. Food safety? Humph! In addition, my family eats self-pressed oil from my hometown. If I talk too much about this kind of thing, my account might be blocked. But now XX can’t wait to guide public opinion. A random statement that discredits self-pressed oil, "Long-term consumption of self-pressed oil may harm your health," was sent to the hot search. It’s really good at diverting attention!
What a strange story! You can’t eat oil you squeeze yourself! As a person born in the countryside, my hometown grows rapeseed by ourselves. After the rapeseed is harvested, we find a workshop that can press oil and squeeze out the oil for our own use. When we were young, we ate self-pressed oil. The older generation has eaten it for decades and it’s okay. Self-pressed oil means: XX points the finger at me, are you polite?
What about peanuts and corns that are moldy and contain aflatoxin? The hygiene conditions of the oil press are not up to standard! I just want to ask, since the oil press workshops are all opened by relatives and friends in the village, if the oil squeezed out of your workshop is really problematic, you can’t cover it up even if you want to. The news has spread among the neighbors and you can’t continue to operate. On the contrary, large enterprises that make commercial oils have set a series of standards. Are the incoming raw materials qualified? Are the standards for oil pressing and transportation implemented in place? How would ordinary people know? This time, the tank truck mixed with edible oil happened 20 years ago. Now, has it changed? The tank truck route query function was quietly turned off. It’s the same thing! If you have a problem yourself, solve the problem, don’t blame others!
……Back to the market…………
1. The one-day rise of A-shares did not disappoint. Today, the Shanghai Stock Exchange Index rose slightly by 0.03% to close at 2,971 points. The total turnover of the two markets was 687 billion yuan, still shrinking. The number of stocks that rose was less than 2,000 (36%). The Industrial and Commercial Bank of China rose by more than 2%, close to its historical high. There is nothing to analyze about today's market, just lie down!
2. The regulatory authorities suspended securities lending the day before yesterday, and today they said they would take action against quantitative trading, but they did not really do so. They just wanted to reduce the impact of quantitative trading on the market (in plain words, the market is not good now, retail investors are very resentful, and they need to appease them); separate fees and supervision for high-frequency quantitative trading. As for why quantitative trading is not directly closed, they explained that quantitative trading accounts for 50% in mature markets, while we only account for 30%. Therefore, quantitative trading has been verified and has become an important trading method in the securities market. How can it be cancelled just like that? This is really a substitution of concepts!
a. In mature markets, the main traders are institutions, and the information gap between them is not big. The two sides of the game are basically equal, and there is no problem in using quantitative trading to cut each other. In the A-share market, the main traders are retail investors. There are natural information barriers and professional barriers between retail investors and institutions, which already puts them at a disadvantage. If you give institutions a Gatling gun (quantitative trading), then in this market game, retail investors will only be slaughtered. Damn it!
b. Two months ago, I was still advising everyone to be patient capital. Was it just verbal talk? Originally, buying stocks was about investing in companies with long-term return value, but now it has become using technical means to speculate in stocks. Who would still be patient capital? How high can real investment go! Yesterday I called for patience, and today I harvested at high frequency! Saying one thing and doing another is a case of that.
3. The U.S. stock index finally fell last night and did not follow the positive CPI news from the Federal Reserve.
Having said that, everyone is afraid of the U.S. stock market that has been rising. The current U.S. stock market is really risky. The previous surge was only in U.S. technology stocks, which were mainly concentrated in the seven giants. Other stocks did not rise or even fell. This is not a normal bull market situation, but more of a technology bubble driven by institutions collectively. We still have to be careful.
...Back to the cryptocurrency world...
4. Last night, the US CPI data came out. The previous value was 3.3%, the expected value was 3.1%, and the final value was 3%, which is good news! Inflation has entered a comprehensive decline. The market predicts that the US will cut interest rates three times this year, which is unlikely. I guess two would be good, one in September and one in December. Many people wonder why Bitcoin has not risen? We need to make one thing clear. All the increases are due to the increase in liquidity, or the inflow of incremental funds. The current interest rate cut is just an expectation, which belongs to the emotional level. The subsequent interest rate cut will only rise sharply when money flows in.
5. Bitcoin did not surge due to the positive CPI stimulus. Instead, it was shorted in the Asian session this morning, and once dropped to 56,500, and then rose slightly! It really controlled the market sentiment, causing the market to lose its direction again. I wanted to go long on altcoins in the short term, betting on 10 points and earning a little every day, but now it is difficult to do so. In addition, from the perspective of the supply and demand price relationship, the impact of the number of bitcoins on the exchange on the price is not a sharp rise or fall: the stock of bitcoins on the exchange has dropped from 2.7 million in February to 2.46 million, and the number of bitcoins has dropped by 240,000. The price of bitcoin has risen from 42,000 to 73,000, and then dropped to the current 56,000. Short-term sentiment still needs to be digested, so wait.
6. Yesterday I said that we should keep a distance from value coin projects, so what is a good project? My understanding of a good project is that it benefits users and is recognized by the entire network, just like yesterday's Telegram Pirate Dog (giving benefits to users, easy to receive, everyone has it, there are rewards for invitations, and MEME attribute communication). Basically, everyone in the entire network spontaneously forwarded it, and no one received advertising fees! Other project parties should learn from this, especially those who rely on airdrops to attract users. Be a good person first and then do things. Don't be stingy and want to get users back!
The above is my learning and record today. Friendly exchanges are welcome!
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