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August 15 Where does the water go? Continuous shrinkage There is a need for adjustment. Short-term holdings of Jiejia and a certain silicone. Long-term: Central (29), Maotai (1700), Yao Ming (105), Aixu (14), Hang Seng Technology (5100) and other liquid structures are more lethal than simple water shortages, and contradictory structures are difficult to break. This is also the reason for the continuous reduction. Overlaying the mid-year report season, although the index broke out of the right side, the market structure and volume did not keep up. Where can the water go? Real estate and other related leveraged industries are naturally difficult to break, but this does not affect the market trend, and it is still shifting to growth, and it is more determined to feature manufacturing, such as photovoltaic exports. The export direction has little to do with the interior, and the advantage is obvious in the place where the neck can be stuck, and the market will be more inclined to this. Another example is the emergence of a market structure similar to last year's power curtailment. Industrial silicon and chemical industries have shown performance. In essence, it is the logic of energy exports, while coal is a price factor and an interest rate factor. The short-term market is still chaotic, and this wave of divergences has taken a long time, mainly due to wait-and-see sentiment. Peripheral & news continue to intensify, and the current wet storage is mainly stable. Follow eda Huada Jiutian. See you at noon. |