When I was on the show some time ago, I also talked with the guests about securities companies and insurance.

It is unanimously believed that brokerage stocks are actually everyone’s prediction of future market trends.

After all, the logic is really simple - if the market is good, securities companies will rise.

The performance of securities companies happened to be relatively sluggish in those days, and now they have risen again. Friends have said, is the surge in securities companies sustainable?

Does this mean the bull market is back?

As mentioned before, if securities companies continue to rise sharply, it must be because the all-round bull market has returned!

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What does this all-around bull market look like?

Just like last year from May to July, if you think about it, did the macroeconomic policy at that time change from tight to loose, and was it transmitted to the stock market?

Friends all know that when the overall financial situation continues to be loose, life will be easier.

However, the growth rate of M2 in April dropped by 3 percentage points year-on-year, and the increase in social financing was only 1.85 trillion. This data was lower than expected.

Some friends may say that the base number for the same period last year was high, but even compared to 2019, the year-on-year increase of about 10% in two years is not too much.

Judging from the information conveyed at the meeting at the end of April, there is still a high probability that financial data will bottom out in May.

But at the same time, like many friends, I still have a question in my mind: If continued high inflation in the United States leads to interest rate hikes, what will happen to us?

At present, I think the probability of major easing is very small.

All we can do now is keep an eye on commodity prices and the Fed's policies.

If one day the market stalls and the Fed remains on hold to maintain the status quo, then we may gradually widen the market and usher in a wave of comprehensive market conditions.

(With regard to commodities, in addition to factors such as the epidemic, economic recovery, carbon neutrality, etc., monetary policy and macroeconomic cycles must also be considered) Of course, this is from a macro perspective. After all, many friends who look at valuations feel that the entire market is now

There is still a lot of room for the valuation to go down. Friends who are good at graphics and trends also feel that the technical form is not yet in good shape, and there are still many hold-up stocks above.

What about the bull market?

The cows are still grazing on the hillside... What if?

There is this idea: There have been a lot of fund liquidations recently. It is estimated that during the previous sideways trading, some second-tier white horses have been cut off by many fund managers or have taken profits.

If the market starts, will these companies give priority to performance?

Hahaha~ Finally, let’s talk about insurance stocks that rose sharply at the same time as securities.

Ping An's premium data for April is out.

The new personal new business of life insurance fell by 23.3% year-on-year in April, and the property and casualty insurance fell by 10.5% year-on-year in April.

Moreover, the base number in April last year was not high.

However, as the per capita income of residents increases, insurance, as an optional consumption, will of course become an "incremental market."

Finance and technology are developing and innovating so fast, and the insurance industry will definitely see upgrades and updates in technology and services. If the industry is differentiated, you might as well refer to performance and valuation.