News summary
Market indices generally fell yesterday, with precious metals and basic metals falling significantly. The Shanghai and Shenzhen 300 Index bucked the trend and rose. The current market is in a short window for data disclosure. Funding expectations determine the market direction. There is pressure on the short-term market, and it is recommended that the allocation shift to a defensive style. Bulls sentiment in the bond market is affected by the upward trend in capital interest rates, and overall caution needs to be maintained. Pay attention to the progress of Sino-US relations, broad monetary policy and changes in bond market supply.
Newsletter text
The overall market showed a weak trend yesterday, with the precious metals and basic metals sectors leading the decline. The CSI dividend sector has suddenly emerged, but it is difficult to compete with the general decline. The Hang Seng Technology Index also failed to continue its strength, technical capital3bigpitreelsThe phased departure of the company becomes a possible reason.
[Data disclosure is currently in a short period, and expectations and capital flow are the dominant factors in the market]. The market is under pressure in the short term, but the overall medium-term trend has not changed. Investors are advised to shift to defensive strategies and keep an eye on the Shanghai and Shenzhen 300 sectors.
The treasury bond futures market suffered a decline across the board, and the capital interest rate rose slightly due to factors such as the tax period. This change has had a certain negative impact on market bull sentiment. The central bank's warning of long-term interest rate risks and the continued strengthening of policies to stabilize growth require bond market investors to remain cautious.
[Risk warning: China-US relations, insufficient expectations of broad monetary policy, and over-expectations of bond market supply growth all require close attention]. These factors may have a profound impact on the market, and investors should consider these potential risk points when making decisions.
