NEWS

Ding Feng's viewpoint

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Differences are still relatively large, is expected to be shocks in the short term

In the last week of 2022, the market stabilized and rebounded, investors seemed ready for short-term economic pressures, and the yuan continued to appreciate.

The uncertainty comes from whether foreign investors will repeat the selling trend of the previous two rounds after the upcoming poor economic data

The market accelerated its decline this week, with the focus still on the spreading epidemic, but unlike the declines in March-April and September this year, foreign investors did not buy, the yuan and Hong Kong stock market were stable, and there was no large outflow of northbound funds, which also indicates that the market decline is not due to economic and policy concerns. Weight index resistance.

Monetary policy will continue to act on aggregate to support the economic recovery

This week, the market appeared Yin and Yang of the shock trend, the overall strong, June economic leading data recovery is larger, and the weight index with a high degree of correlation led the rise, and this round of the largest rebound in the GEM closed down.

New Year Special Issue 2022 Outlook: Big consumption

In December, the market was mainly shaken, and the consumer plate basically continued the trend of differentiation in November. High-end consumer goods generally rebounded in December under the background of short-term high certainty of fundamentals; Mass consumer goods are affected by the poor transmission of price increases, short-term surges and falls. In the short term, the domestic macro economy has entered a period of recession, but we should believe in the reverse thrust of policy. In the context of stable growth in 2022, the consumer industry is currently in the darkest moment, and the marginal probability of improvement is still large next year.

Ding Feng January 2022 market review

In the first month of 2022, the index has undergone a relatively large adjustment, mainly for several reasons: First, the economy continues to decline, entering A state of recession, and market confidence is insufficient, second, the strong new energy, national defense and military industry, medical and biological sectors, and the metauniverse have a large adjustment, driving the adjustment of the index, and third, overseas U.S. stocks have a large adjustment, and there are signs of peaking, causing overseas north funds to reduce their A-shares.

New Year Special Issue 2022 Outlook: military industry, offshore wind power, power grid transformation, new materials, automobile intelligence

At the time of ending the old year and welcoming the New Year, we share with you the views of several major industries that Dingfeng fund managers are optimistic about at the moment, which will be presented in a serialized special issue. I wish you all a happy and healthy New Year!