Summary
[Shanxi Securities: Market style may gradually switch from small and medium-sized caps to large-cap value and large-cap growth]Shanxi Securities Research Report believes that the current A-share market volume can fall from the high point in mid-December, and the concentrated release of long and short information at the end of the previous year The curtain has gradually come to an end, and market expectations have basically become consistent, which has cooled the restlessness. Entering 2022, in a macro environment with economic downturn and relatively ample macro-liquidity, A-shares lack the internal driving force for an overall upward trend, and the probability of systemic risks is also low. The structural market will continue to deepen its interpretation. Or it will gradually switch from small and medium-sized caps to large-cap value and large-cap growth. First, the performance of small and medium-sized caps may have been released this year. Under the overall profit forecast decline and the high base effect, the risk of correction is relatively high. Second, the growth of the broader market is expected to maintain a high boom driven by the industrial logic. It is recommended to pay attention to the entrepreneurial 50, entrepreneurial blue chip and other coverage targets. The third is that the market value has strong hedging properties, and may be able to obtain excess benefits under the economic downturn. (Securities Times Network)
Shanxi SecuritiesResearch reportIt is believed that the current volume of the A-share market can be lower than the peak in mid-December, the concentrated release of long and short information at the end of the previous year has gradually come to an end, and market expectations have basically become consistent, which has cooled the restlessness. Entering 2022, in a macro environment with economic downturn and relatively ample macro-liquidity, A-shares lack the internal driving force for an overall upward trend, and the probability of systemic risks is also low. The structural market will continue to deepen its interpretation. Or it will gradually switch from small and medium-sized caps to large-cap value and large-cap growth.One is, small and medium capsPerformanceIt may have been released in a concentrated manner this year. With the overall profit forecast downward and the high base effect, the risk of a callback is relatively high. Second, the growth of the broader market is expected to maintain a high boom driven by the industrial logic. It is recommended to pay attention to the entrepreneurial 50, entrepreneurial blue chip and other coverage targets. The third is that the market value has strong hedging properties, and may be able to obtain excess benefits under the economic downturn.
(Article Source:SecuritiesTimes Network)
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