The reason for the sharp fall of US stocks on 20021National Day is that the risk aversion in the market is warming up, gold and stocks are strengthening against the market, aquaculture stocks are rising near midday, and the concept theme is completely stagnant. In fact, for cyclical stocks, especially resource stocks, users have repeatedly mentioned the viewpoint of late market recently, and have repeatedly suggested withdrawing gradually, mainly because of the internal differentiation of resource stocks, and the commodity cycle is coming to an end. Of course, the expectation of maintaining the stability of commodity prices is also the main reason that hinders the upward trend of resource stocks.

1.202 1 National Day US stocks

Today, the three major indexes opened lower, and the Shanghai Composite Index once fell more than 2.3%. In specific sectors, banks rose in the afternoon, agriculture, forestry, animal husbandry and fishery, household appliances, food and beverage performed well, and most sectors went down. Cyclic stocks such as mining, steel, chemicals and nonferrous metals led the decline, or there were several reasons: First, according to media reports, market analysts said that at the end of the third quarter, Public Offering of Fund adjusted its position and quantified it.

Second, the sharp decline of cyclical stocks.

Previously, cyclical stocks continued to strengthen to drive market vitality, but once the flameout, market sentiment began to slump. Third, US stocks suffered heavy losses overnight yesterday, affecting today's market sentiment, leading to the opening decline of technical targets. In addition, regular transactions shrank before the holiday. This is self-evident, and many investors are deeply touched. On the eve of important festivals, the market turnover is relatively low and the trading volume begins to shrink. Of course, these are only the reasons for the market's emergence or one-day decline. The market did not start to adjust today, but ushered in this wave of retracement on September 14.

To sum up, it is actually a downward trend, and this trend has not changed. However, in the medium term, the market trend has not changed, especially under the support of favorable economic recovery and stable liquidity, the market structure of the bull market has not changed.