Concentrate on doing big things while deploying the market. When the normal operation of the economy is in the inflation range, the market has higher strength and efficiency in resource allocation, then the market has the final say. When it is in the shrinking range, the market deployment fails, such as our current long-term debt, so it is driven by policies. We must know that next year is the last year of the 14 th Five-Year Plan to solve the debt. We must know the buyout reverse repurchase operation of 800 billion yuan some time ago, unlessWe used to tell you that we should look at the expectation of news stimulus together with exchange rate, national debt and bulk. From our point of view, the biggest problem in the A-share market lies in the mood. Compared with other markets, professional investors will be relatively calm. Let's take a look at Friday's composition about the biggest interest rate cut in ten years, right? Let's look at the exchange rate, national debt and commodities, which are definitely devalued. When the A-share market moves, it is accelerating the appreciation range. Look at 30 bonds and 10 bonds. Theoretically, the interest rate is reduced, and the interest rate is also reversed. Let's look at commodities. The sharp differences fell below 0.5 of Fibonacci's retracement after the morning closing, and even hit a new low at night. Several representative threads and so on can almost be said to have gone down after a while, that is, the attitude of big money is an emotion. On the other hand, A shares resisted all day, so you said that the national team did not intervene?On Friday afternoon, I don't know if everyone went in to rush to play positions. In fact, for institutions, the positive line on Friday is actually not linked. Why do you say that?
It is understood that there will be no big risk on our exchange rate side at the moment, and the stock market will not be as pessimistic as everyone thinks, and there are enough bullets.Let's talk about the macro, the first is economic transformation, the second is the speed of our debt conversion and an obvious progress, and the other is the increase of gold holdings and our long-term debt and confidence in economic recovery.It's amazing. Remember the picture we drew in the post last week? I didn't wipe it here, so I'll show it to you. Last week, we talked about stepping back to confirm the trend intensity, and touched the horizontal center near 3375 to get a grade 4b. In fact, from our point of view, Thursday was already a short-selling structure with long-term exhaustion. As a result, a positive line was directly repaired, and if it was wrong, it was beaten to attention. You said that the national team didn't know the technology, but he knew the long-short power too well. Let's take a look at the current market in combination with the macro.
On the other hand, we look at the "dual track system" separately from the currency. Recently, there is a message that I don't know if you have paid attention to it, that is, the place.Then the difference of this bull market is that it is no longer resonated by external factors, or internal and external factors. This round of our excess stock savings has already seen its power after 924, which is only slightly loose.Let's talk about the macro, the first is economic transformation, the second is the speed of our debt conversion and an obvious progress, and the other is the increase of gold holdings and our long-term debt and confidence in economic recovery.