The Shanghai and Shenzhen two markets soared on Tuesday, but the performance of the early market was still moderate, but the afternoon market triggered a surge in the stock market. In this round of soaring market differentiation is more obvious, most small cap stocks did not appreciate the positive impact of the rise. Financial stocks took the lead in this round of market share, and several bank stocks successfully rushed to the trading limit. Judging from the current situation, the soaring market is not over yet, but the loss of compensation will also need to be considered.

1. Three reasons for big blue chips to rise.

Large blue chips are the most obvious sectors of the current rally. Taking a look at the overall performance of the market and considering the fundamentals, the factors that drive the blue chips to rise can be summed up as three points:

First, the recent market currencies are relatively loose. Following the rate cut, the central bank continued to invest 20 billion yuan in the market on Tuesday, and monetary easing laid a solid foundation for the big market.

Secondly, now policy The important idea is to reform, and the most important beneficiary of breaking monopoly is the blue chips with the background of central enterprises.

The third and most important point is that the recent economic data are not ideal, and PMI has hit a new low in eight months. In this atmosphere, economic data The more depressed the market is, the more positive expectations for monetary easing are. rebound 。

Two. How to make up after the flight?

The main reason for the recent surge is the large blue chips. Compared with the current volume, the blue chip has strong financial holding capacity, but some investors are still dragged by the small cap stocks in the early stage. In view of this situation, we think that the judgement of the future market can be based on the following two points.

First, there are no major changes in the number of big blue chips, so the market will remain in a highly active market atmosphere. This is also an important benchmark for judging when the market will turn.

Second, the most important target for this round is the financial stocks. The financial reform is progressively contributing. In view of this, we suggest that we actively layout the stock financing stocks that have not been fully excavated in the valuation, and focus on the low price earnings ratio, better performance and relatively low price.