When I reviewed the game in the evening, I was surprised to hear that the Chinese national team was in the lead. I quickly opened the elevator to check the score, and it was indeed 1:0. In the 14th minute, the Saudi defender scored an own goal. Before I could even sigh, there was another surprise on the field. A Saudi player committed a foul and received a red card, and one player was sent off.
Wow, the team used all their good luck in the last game with a 7:0 victory, and released it all in this game. In less than 20 minutes at home, the opponent conceded an own goal and then received a red card. This was a dream start that couldn't be more dreamy, and the Chinese national team forced 3 points into their mouths.
I'll write the night report first. By the time I finish, the competition will have ended. I'll wait and see the result.
……
Today, A-shares fell first and then rose, ushering in an intraday reversal. At noon, the median of the entire market fell by about 1.3%, and by the closing, the median had risen to +0.46%, which means that it rebounded by nearly 2% in the afternoon.
Yesterday I said that the market will rebound this week. This is not related to China's economic fundamentals, but is based on technical indicators. There are three reasons: the lows in early February, the weekly deviation of the continuous decline for 4 months, and the gap before the Shanghai Composite Index trend exhaustion.
If it were me in 2021, I would not only increase my own positions to buy at the bottom, but also call on everyone to take short-term risks in the evening report. But the past three years have really worn out my confidence and enthusiasm for many things. I thought about buying at least 3-4 times when I was having lunch today, but I gave up in the end. It’s not because I’m afraid of losing, but because I don’t have the energy anymore.
In fact, there must be many colleagues who can understand such technical patterns, but now the industry is generally silent, because they are afraid of being scolded in the past two years and are disheartened. I admire those who dare to be bullish at this time. At least they can withstand the pressure and do not care about their own lives. Anyone who is a little timid would have retreated long ago.
There are many internal reasons for the current bear market in A-shares, but the most direct factor is the lack of confidence and capital outflow. In the first half of the year, except for the national team that increased its holdings by hundreds of billions, almost all other participants were selling out. I can't think of a way to change this trend in the short term. Perhaps the only solution is to let the market fall to the right level, so that people in the market are reluctant to sell, and people outside the market can't stand it and rush in to buy.
There is less outflow and more inflow. Once the critical point is passed, A shares will begin to reverse. As for where the critical point is, no one can say for sure, but in any case, the low point in the first half of the year is definitely a sensitive position, and I believe there will definitely be some funds willing to take a gamble.
Alas, Saudi Arabia had equalized the game at halftime, 1:1, three points became one point. Even with one more player, the ball possession rate was seriously behind and we were under pressure from the opponent. It felt like it would be difficult for the Chinese national team to score another goal on their own.
……
1. At Apple's new product launch event last night, the starting price of the iPhone 16 in China was 5,999 yuan, and the most expensive Pro Max was 9,999 yuan. The hardware performance was slightly upgraded, but this is not the point. What users are most concerned about is that this version of the iPhone will be equipped with AI functions, but the Chinese version does not support it now and will have to wait until next year to be launched. This will obviously disappoint many Chinese users.
In previous years, Pinduoduo would follow up with promotional activities after Apple released new products. This time, they have also made a reservation for the 12th or 13th, just two or three days later, hoping to catch a trading day when A-shares rise.
2. Huawei's three-fold screen has also announced its official price, starting at 19,999 yuan, and better configurations require 21,999 yuan and 23,999 yuan. In the past few days, scalpers have been selling the inner machine for more than 500,000 yuan each, and then the price will drop by 40,000 to 50,000 yuan every day, and it will be less than 50,000 yuan on the day of the official launch. These are certainly not sold to ordinary people. It is estimated that only media outlets that grab articles or Internet celebrities who want to attract traffic can afford it.
I wanted to search for the key parameters of this phone, but I only found that it is 3.6mm when unfolded, and there is no information about how thick it is when folded. There was a 11mm thick folded version before, and this time the folded version will probably be no less than 12mm.
The most important factors for foldable phones are thickness, weight and battery life, because the screen consumes the most power. If the screen size is tripled, the power consumption will be tripled. If you want to make it thinner and lighter, you can't install too many batteries, and the battery life will be short. This is actually why I thought foldable phones are not in line with the future development direction. I think the screens of existing phones are big enough. If they are made bigger and heavier, they will become a greater burden to carry. Those who have a rigid demand for large screens are mostly business people, and most people still choose notebooks in serious business scenarios.
3. The U.S. House of Representatives passed the Biosafety Act by 306 votes to 81. I thought that the U.S. election was imminent and the two parties had no time to bother with this matter, but I didn’t expect it to be pushed forward. This bill is mainly aimed at two companies, WuXi and BGI. One fell 5% today and the other fell 2%. The main impact is on WuXi AppTec, whose revenue mainly comes from American customers. Although this bill has a buffer time of many years, American innovative drugs have a monopoly advantage in the world, and it is difficult to find customers to replace them. So even though they know they are going to be messed up, they can’t do anything about it. Today I saw that JPMorgan Chase increased its short position in WuXi.
Of course, WuXi and BGI are just complaining and clarifying their grievances as a routine matter, but it will be of no use. This kind of thing is a strategic suppression, not pure business.
4. SpaceX launched a rocket today to send four ordinary people into space for a five-day mission, which included a spacewalk. I remember that four countries in the world have achieved spacewalk technology, including China and the United States, but the highlight this time is that the four astronauts are all civilians, not professional astronauts. Of course, they are civilians, but they have trained for two years to prepare for this mission, unlike taking a plane where you just buy a ticket and get on. I like the spacesuit designed by SpaceX, which looks much lighter and more fashionable, unlike the previous ones that look bloated.
I was impressed. In the 90th minute, Saudi Arabia scored again, 2:1. So, after an own goal and a red card at the beginning, we still had nothing in the end. It is just like A-shares. No matter how many positive factors there are, it is just a big negative line that opens high and closes low. The Chinese national football team and A-shares are really a natural pair of good friends.
