The market has been rising for three days, and many people are still confused and don't understand what's going on. In fact, this kind of pull-up technique is called rapid departure from the bottom. Its purpose is to prevent some huge amount of icon funds from the market from coming in to buy the bottom. By the time they react, the market has risen by hundreds of points in a few days. These funds that want to buy the bottom must either come in now or miss a big bull market outside the market forever.
The so-called short squeeze is to force these short funds outside the market. Where do these funds come from? Isn't it the huge amount of funds transferred after the US icon harvest failed and announced a rate cut? After these funds come out, they will definitely look for cheap high-quality assets all over the world.
In order to prevent these funds from buying the bottom of A-shares, the central bank icon has this series of big moves. Although we often scold A-shares for being unpromising and full of junk companies, this is just emotional catharsis. Although there are many junk listed companies in the A-share market, it is undeniable that most of China's high-quality companies are concentrated in the A-share market. Once foreign capital really buys the bottom of A-shares, China's loss will be no less than being successfully harvested by the United States.
So the central bank released another major positive news last night, which directly set the tone for today's stock market [grin]