The Stock Market Is Always More Active And Different This Year.

At this time of year, the stock market is always more active.

A year has just begun.

There is a strong impulse to operate, after all, to complete the annual profit target.

In addition, the national "two sessions" will be held soon, which is relatively easy to appear policy hotspots, and the annual report disclosure of listed companies has entered a climax. There are also many gold rush opportunities here.

In short, like the recovery of ten thousand trees in spring, the stock market at this time is usually full of vitality and active market.

We should have an objective understanding of spring this year. I am afraid this spring is really a bit cold and needs to be treated with caution.

However, this year's situation is rather special. Although many people are talking about catching up with the spring market, some agencies have clearly stated that the target level can reach 3200.

But at least to now

Performance does not appear to be the case.

At the end of last week, the SFC leader replaced the stock market. In the past, the stock market tends to reflect strongly, and the index will rise.

But this time, although the related discussions were quite numerous, the market also maintained a day. On Thursday, it reappeared the situation of 1000 shares' limit, and erased all the gains since February.

This shows that the market outlook is not optimistic, but on the contrary is under great pressure.

This pressure comes first from the real economy.

Last year, despite the completion of the GDP growth target, it was the lowest rate in many years.

This situation is manifested in the field of real economy, that is, business difficulties and profits decline.

Like shipping and non-ferrous metals, almost all industry losses, steel and coal, cement and so on, a large area of losses, the petroleum and petrochemical industry is a significant decline in profits.

These industries are the traditional blue chip stocks most concentrated, but now there has been a significant drag on performance, not only unprecedented, but also to

With a lot of pressure, some traditional investment patterns have also been challenged.

Two of the pressure is investors' lack of stable expectations for the stock market.

The result of the stock market crash last year was the elimination of a large number of the most active middle class investors. Two, people were afraid of the stock market and had a strong sense of resistance.

Today, the stock market still needs to carry out many reforms, but the relevant measures are vague, and all kinds of false rumors are rarely seen. Under such circumstances, investors do not have stable expectations for the stock market.

As a result, not only the two balances continued to decline, but also the turnover rate in the market.

In the market liquidity is not very tense, the idle funds of society refuse to enter the stock market, but to the real estate, gold and other markets, objectively speaking, the risk aversion is very prominent.

Three of the pressure is the lack of hot spots in the market itself, not providing investors with substantive content and sustainable operation themes.

Although some industries have been repeatedly supported by favorable policies in recent years, they are not very strong on the one hand. On the other hand, they are expected in specific contents, so their stimulating effects are very limited.

Moreover, from the reality, many people can think of the hot spots, many are still relatively empty, it is difficult to really get the market's identity, which restricts the expansion of its market.

For the structural market, it is necessary to have the leading role, and the market without the leading sector is neither high nor far away, so there is no big chance.