Wukong investment Jiang Jingwen: trump diagnosis increases global stock market uncertainty

category:Finance
 Wukong investment Jiang Jingwen: trump diagnosis increases global stock market uncertainty


Jiang believes that trump has a great uncertainty in the diagnosis of the new crown, and there are many situations. The evolution of events in different situations will have different effects, mainly depends on the recovery of Trumps condition. However, the anti epidemic strategy of the United States will not change. At present, the newly added diagnosis will not rise as much as before, the mortality rate is low, the good news of vaccine and treatment drugs is constantly constant. The investment of medical resources has increased dramatically this year, and the probability of being run is low. The us probably continues the strategy of resuming labor while preventing epidemic.

At present, the stock market mainly focuses on two aspects: one is the fiscal stimulus plan, which is essentially to price the economic expectation. The market will rise once there is good news and adjust it when it encounters bad news. However, the current event does not constitute a risk factor for a sharp fall; the other is the real recovery of the economy and other problems. In the face of uncertainty, the overall risk preference of the market is affected To inhibit.

Jiang Jingwen said that under the chaotic situation of the U.S. stock market, as long as liquidity is not blocked, the economy will not take the initiative to shrink. Economic expectations are affected by various events. The market rate of some major events is not clear. The rise of interest rate bonds is mainly driven by the risk-free interest rate downward driven by risk aversion. At the same time, gold will also benefit.

At present, the adjustment and even decline of overseas stock markets are the normal release of risks in the stock market, because the stock market is under short-term pressure. However, if trump is only a mild illness and recovers quickly, the market risk preference will recover quickly. On the contrary, the market needs a period of time to adjust and digest the risk.

A shares usher in the opportunity of high quality assets against the trend

Affected by the new crown of Trump, the FTSE China A50 index futures fell more than 2%, and some investors worry about the negative opening of A shares after the holiday. In Jiang Jingwens view, the A stock market adjustment is mainly following the global risk asset price linkage. Before the festival, it has been observed for a long time that foreign investors are avoiding the uncertainty of the holiday and avoiding the risk of earnings ahead of schedule. It is a short-term risk, and then it is mainly dominated by domestic economic fundamentals and liquidity. After a relatively long period of scaling adjustment since July, from the perspective of Wukong investments risk diffusion quantitative evaluation system, A-share risk return ratio has been significantly improved. We should not be pessimistic about the A-share market, but it is a good opportunity to layout high-quality assets against the trend!

From the global stock market pricing point of view, the impact of the epidemic on the market is gradually declining, which will not constitute the main contradiction of market trend. From the perspective of long-term epidemic prevention, vaccines and drugs that can really deal with the epidemic situation may be the beneficial direction. Second, it emphasizes the long-term risk aversion strategy of gold plus medicine, which can resist the short-term risks of gold plus medicine, and provide the Golden Triangle with the ability to resist the short-term risks of gold and medicine. Jiang Jingwen said that the anti epidemic concept stocks have been adjusted for a period of time. Stimulated by Trumps diagnosis of the new crown, it is not ruled out that they will face thematic investment opportunities again in the future. In addition to the theme factors, Wukong investment will more from the perspective of growth, mining real growth of the relevant industries and companies. Source of this article: Yang Bin, editor in charge of E Company_ NF4368

From the global stock market pricing point of view, the impact of the epidemic on the market is gradually declining, which will not constitute the main contradiction of market trend. From the perspective of long-term epidemic prevention, vaccines and drugs that can really deal with the epidemic situation may be the beneficial direction. Second, it emphasizes the long-term risk aversion strategy of gold plus medicine, which can resist the short-term risks of gold plus medicine, and provide the Golden Triangle with the ability to resist the short-term risks of gold and medicine.

Jiang Jingwen said that the anti epidemic concept stocks have been adjusted for a period of time. Stimulated by Trumps diagnosis of the new crown, it is not ruled out that they will face thematic investment opportunities again in the future. In addition to the theme factors, Wukong investment will more from the perspective of growth, mining real growth of the relevant industries and companies.