1. The U.S. stock market will be closed on June 20 (Monday), and June 19 is a U.S. federal holiday. Since that day is Sunday, the holiday will be postponed to this Monday. On June 17, 2021, U.S. President Biden signed a decree making June 19 every year a national holiday to commemorate the end of slavery in the United States. The name of this holiday is "Juneteenth", taken from the combination of June and 19th. Chinese officials call the holiday "June Day." It is worth mentioning that this is the first national statutory holiday in the United States since "Martin Luther King Day" in 1983. ——There are so many festivals in this beautiful country now. Just kidding: The U.S. stock market has fallen, and we can only get timely emotional comfort through familiar routines, such as taking a vacation. 2. Nomura Holdings: Asian food prices will heat up again in the next few months. Singapore, South Korea and Philippines see biggest price increases] Nomura Securities believes Asia's hot food prices will heat up further in the coming months, with Singapore, South Korea and the Philippines expected to see the biggest price increases. Food prices in Asia (excluding Japan) rose 5.9% year-on-year in May, up from 2.7% in December, Nomura said in a report on Monday. Food inflation in Asia is expected to accelerate in the second half of this year, given that there is a lag of about six months between changes in global food prices and their impact on Asia. ——Inflation must be global, and it is inevitable that upstream resources will be transmitted to our food, clothing, housing and transportation. Under the national promotion fee policy, appropriate arrangements for catering, liquor, and medicine are good choices. 3. The Russian ruble rose to its highest level against the US dollar since 2015. ——The fist is strong enough to have the right to speak, but political power comes from the barrel of the gun. 4. Rongjie Shares: Signed a lithium carbonate supply cooperation agreement with Shenzhen BYD Supply Chain Management. —— BYD’s global competition for lithium resources is a strategic banner. 5. The rebound of A-shares failed to catch up with the U.S. stocks, and Bin was "bombarded" again. Some products entered the trap mode. The channel asked him why he bought U.S. stocks. Since June, the three major A-share indexes have "gone red", and the net value of many private equity products has also increased. rise. However, the net values ??of many products under the Oriental Harbor Fangyuan series owned by well-known private equity fund manager Shan Bin showed signs of decline, with the net values ??of many products falling by more than 3% in a single week. What is the reason for this? -Bin: I am a human being, not a god. The recent market has witnessed a series of events: The strong will always be strong. The United States raised interest rates, and European and American countries suffered heavy losses. The more we fight, the braver we become. I couldn't believe it. Just like the priceless decline from January to April, the basically mindless rise from late May to June. The GEM rose nearly 2 points again. Contemporary Ampere Technology surged and CXO continued to rebound, which contributed a lot. The performance of the new energy track is very impressive and breeds huge rebound power. It is indeed the favorite of institutions and hot money. Building materials in traditional infrastructure also performed well, such as Dongfang Yuhong, Yinbei Building Materials Changyang Line, etc. Home appliances are exploding strongly, and there is already a sentiment close to one. If you can stabilize after re-study, it is a good opportunity. On the other hand, today's companies do not engage in new energy, just like 20 years ago, they were big companies and did not engage in real estate, just like keeping up with the times. There is no doubt about the trading volume. Market forces may be stronger than most people expect. However, the crazy thing about the market is that random guesses that do not follow the trend and willful guesses at turning points may allow you to escape for a period of time. But the fatal thing is that it may cause the rhythm of the transaction to be completely destroyed. This is the not-so-splendid part. The most scientific thing is to operate in different positions and industries, and not be afraid of ups and downs! Short-term operation: rise of great powers + relative gap period + seesaw between mainstream and non-mainstream. 1. Due to macroeconomic control, coal suffered a sharp decline. Although it fell by 20%+, it has not reversed yet, which is not necessarily an opportunity. 2. International oil prices are consolidating at high levels, and stocks related to oil exploration. 3. Non-ferrous metals superimpose multiple concepts such as anti-inflation and upstream raw materials for new infrastructure. 4. Track: New infrastructure (new economic growth pole), scenery (HJT and manufacturing), lithium battery (upstream P F SI concept) + half-core + new energy vehicles (UHV vehicle accessories) - electrical equipment + chemical industry 5.CXO The short-term rebound trend is gradually improving, and the scenery is getting better and better (defensive type) 6. Seed industry + chemical fertilizer Because of the Russia-Ukraine war, there is a long-term momentum opportunity, and the pullback of the P concept is a good opportunity. 7. The mutation of new species of COVID-19 has once again impacted the United States and the troubled times of COVID-19 drugs, biopharmaceuticals, and healthcare. 8. The situation in the Taiwan Strait can continue to stimulate the military sector. 9. With the control of the epidemic, major consumption has recovered: tourism hotels, home appliances going to the countryside, food and beverages, liquor, and medicine. 10.Chicken and pork prices rebounded. Strategy: focus on follow-up, main attack on track, secondary consumption, slight correction, increase positions as much as possible, stop loss if the correction is excessive, and increase the volume on the trend! Research on Home Appliances Industry Five departments including the Ministry of Industry and Information Technology issued opinions to encourage home appliances to go to the countryside. (1) On June 17, 2022, five departments including the Ministry of Industry and Information Technology issued the "Guiding Opinions on Promoting the High-Quality Development of Light Industry", which pointed out that it is necessary to guide the consumption of green products and encourage places with conditions to carry out green smart home appliances to the countryside and trade-in actions for old ones. (2) Different from the 2008-2012 round of home appliances going to the countryside, this round of home appliances going to the countryside is largely led by the local level, with more emphasis on promoting a green and smart home appliance industry chain.

(3) Against the background of real estate recovery, the return of home appliances to rural areas will help further pick up demand, and the green and intelligent orientation will also help increase the average price of home appliances. (4) Judging from the current policy implementation, Guangdong, Shenzhen, Shandong, Beijing and other places have relatively strong subsidies. Looking forward to 2022Q2, the profits of the home appliance sector are rising + valuations are low, and a better allocation time is approaching. (1) Profit recovery: The policy of stabilizing growth continues, and the demand side of home appliances gradually stabilizes; in terms of costs, the overlay base is expected to increase, the marginal pressure on upstream costs will decrease in 2022, and profits will improve. (2) Low valuation: The overall PE valuation of core home appliance stocks is slightly lower than the historical average compared with the broader market. It is recommended to focus on three main lines: (1) Traditional leaders that benefit from the recovery of fundamentals, pay attention to Haier Smart Home, Midea Group, Gree Electric Appliances, and Robam Appliances; (2) Small household appliances benefit from external factors such as domestic economic recovery and exchange rate shipments, pay attention to Supor, Xinbao Co., Ltd., Xiaoxiong Electrical Appliances; (3) Emerging home appliances with high prosperity, including Ecovacs and Jimmy Technology.