After the Spring Festival, the A-share market continued to plummet, and many stock investors faced huge losses. Unlike before the Spring Festival, the bull market of A shares was different. At the beginning of the Year of the Ox, A shares gave everyone a hard time. After the holiday, the stock price fell sharply for several days. Just when everyone thought that this was a slight loosening of the group shares and would soon rise back, A shares gave everyone a big surprise. The group shares directly changed from loosening to disintegration. The liquor sector, which had the most serious group earlier, experienced continuous down limit, and even the stock king Kweichow Moutai fell repeatedly.

It seems that the bad thing is not over yet. Even if the Baotuan shares collapsed, the stock market still did not stop falling. Earlier, some cyclical stocks could maintain a certain increase, but now the collapse of Baotuan has quickly turned into a big stock market retreat, with thousands of stocks turning green continuously, and no sector can be spared. Not only stocks, but also several star funds have retreated sharply years ago. E Fund even directly suspended the subscription of its two most popular funds. Obviously, E Fund is not optimistic about the follow-up market.

The market has now fallen back to around 3,5 points. The wave of holding stocks at the end of last year has been completely smoothed out, and many funds even broke out that investors have started to redeem them in large amounts.

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Guotai Junan believes that the index has oversold in the short term. After the Spring Festival, the market continued to adjust under the influence of the white horse stock crash, mainly because the soaring yield of US 1-year Treasury bonds caused market concern, and high-valued varieties were the first to bear the brunt. Looking back at historical data, in the short term, when the yield of US bonds soars sharply, US stocks often retreat, but in the medium and long term, US stocks rise more and fall less during the rising period of US bond yields. The rapid decline of short-term index is largely affected by market sentiment. ?

Hua' an Securities believes that the valuations of the market and the Baotuan sector are still declining. In a wide and volatile market, it is advisable to downplay the short-term game and look for investment opportunities from a long perspective. The core ideas are high prosperity and low valuation.