The Dow Jones Index falls below 34,000 points and the second quarter results become the focus of the market outlook-Finance News

Investment Research Report

[Main Funds]Hydrogen energy concept stocks broke out! Exploring and creating strategic track and historic opportunities (with list of beneficiary stocks)

A rare daily limit of 70 billion giants! The world‘s largest and strongest metallurgical construction contractor ushered in a value revaluation?Industry investment logic has undergone a major shift

The output value of Yangtze River Storage will exceed 100 billion, and the investment boom in storage chips is coming! “Big market + low self-sufficiency”, NAND localization is imperative! These semiconductor industry chain leaders usher in a good opportunity to rise (list)

[Super large order]Two rare 4 lower limit institutions behind the phantom of the smashing plate appeared! Military industry has become an indispensable choice for asset allocation (list)

　The Dow Jones Index falls below 34,000 points and the second quarter results become the focus of the market outlook

Original Securities Daily Network The Voice of Securities Daily

After successively setting new highs in the U.S. stock market, the market has recently changed from a strong trend and gradually weakened. On July 19, Eastern Time, the overall performance of the U.S. stock market was sluggish. The Dow Jones index fell by more than 900 points in intraday trading and fell below 34,000 points. As of the close, The Dow Jones Index fell 725.81 points, or 2.09%, to 33,962.04 points, the largest one-day drop since October last year; the S&P 500 index fell 1.59% to 4,258.49 points; the Nasdaq Index fell 1.06% to 14,274.98 points. It fell for the fifth consecutive trading day.

In terms of the U.S. stocks GICS first-level industry sector, on July 19, local time,Straight FlushAccording to the data, only the real estate sector rose by 0.96%, while the rest of the sectors fell. Among them, the energy and raw materials sectors had the largest declines, down 3.63% and 2.79% respectively, and four sectors including industry, public utilities, communications services, and non-daily consumer goods declined. Also exceeded 1.7%.

In terms of individual stocks, well-known technology stocks in U.S. stocks generally fell. Apple fell 2.69%, Google-C fell 1.97%, Microsoft fell 1.33%, Facebook fell 1.23%, Amazon fell 0.67%; Chinese concept stocks also experienced more declines, Pop Culture Fell 21.26%, the ninth city fell 10.41%, New Oriental fell 9.6%, and Didi fell 7.6%. In addition, vaccine concept stocks bucked the trend and rose, Novavax Pharmaceuticals rose 12.78%, Moderna rose 9.48%.

Regarding the market performance of U.S. stocks, Yang Delong, chief economist of Qianhai Open Source Fund, said in an interview with a reporter from the Securities Daily that U.S. stocks have continued to rise for a long time and hit historical highs many times, while the three major U.S. stock indexes appeared on Monday. The Dow fell sharply, mainly due to the spread of the Delta variant virus. Investors worried that the global economic recovery might be hindered. At the same time, the index that measures market panic rose by more than 30%.

Zhang Zihua, chairman and chief investment officer of Yunyi Asset, who holds a similar view, told a reporter from the Securities Daily that US stocks suffered a severe setback due to the surge in infections of the delta mutant strain and investors worried that the global economic recovery was not as expected. The global economy is likely to stagflate. The near end can alleviate concerns about liquidity and focus on the demand side and the government procurement side of macro-control. In terms of investment opportunities, appropriate shifts to defensive strategies, gold and silver hedging varieties and reasonably-valued rigid-need consumer sectors are worthy of investors’ attention.

Qin Hong, an analyst at Jinbailin Consulting, said in an interview with a reporter from the Securities Daily that the weakness of US stocks is related to the repeated epidemics and the convergence of the Fed’s marginal easing space. After all, if the Federal Reserve continues to issue money, there will be an end. Once the monetary policy shrinks, it may put greater pressure on the prices of stocks and other assets. For investment opportunities in U.S. stocks, we still look at the technology industry. After all, technological innovation is still a strong engine of the U.S. economy.

Regarding the market outlook, Yang Delong believes that although the U.S. stock market has fallen, it is not yet confirmed that the U.S. stock market has peaked. In fact, the earnings of listed U.S. stock companies are still strong. In the context of economic recovery, U.S. stock companies benefited relatively largely in the second quarter. The performance will become an important support for US stocks. In addition, the persistence of inflation in the United States will not be particularly long, which also reduces investors’ concerns about the Fed’s withdrawal from the loose monetary policy. On the whole, the U.S. stock market has fallen after a sharp rise, but it is not unexpected that the upward trend has ended. The upcoming earnings season may push up the market performance of U.S. stocks.

　　CICCSaid that recently as US inflation has risen more than expected again, the market has once again raised concerns about whether US stocks under high inflation and high valuations can continue the upward trend, and whether the Fed’s policy will be tightened in advance. However, leaving aside some short-term emotional changes, the fundamentals are the core of judging the market’s mid-term trend. From a market perspective, even in the face of many uncertainties that may bring fluctuations, as long as the profit trend is not completely reversed, the market will not turn pessimistic. Beginning in mid-July, the U.S. stock market will gradually enter the performance disclosure period for the second quarter of 2021, which lasts for one month. It is expected that thanks to the low base of last year and the continuous repair of service consumption under the epidemic inoculation since the second quarter, the U.S. stock market’s second-quarter earnings growth rate will be It is the high point of the year.

Sina’s statement: This news is reprinted from Sina’s cooperative media. The publication of this article on Sina.com for the purpose of transmitting more information does not mean that it agrees with its views or confirms its description. Article content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.

Editor in charge: Yang Hongbu