Adding positions will take on higher risks, and lightening positions may miss higher returns. During this period, A shares began to pick up, and the yields of many funds began to increase, so many investors began to think about whether to choose to lighten up their positions at this time. You know, the number of A shares has now reached 3,600, which is a relatively high position in recent years. Judging from the history of A-shares in the past, I have never stood in a high position for too long, and basically I will return to 3000 points in the end, so many people think that 3000 points is the curse of A-shares. However, there are many voices in the market now. On the one hand, some people think that if you choose to lighten up at this time, you will miss more rising opportunities.

On the other hand, some people think that the stock market is too enthusiastic now, many stocks are still highly valued, and there may be a risk of callback in the future, so they choose to lighten up and get off at this time. Some professionals pointed out that in fact, the most important thing for investment funds is to hold them for a long time, because the funds themselves are managed by professionals and the risks are controllable. If you chase up and down frequently, the final result may be sustained losses.

For the market in the second half of the year, the general view of the market is more optimistic. Although no one is sure that the second half of the year will be a bull market, the probability of a bear market is not high, and the biggest possibility is that the market may keep rising.

Guotai Junan, a well-known investment institution, even directly shouted a high of 4,000 points. The agency believes that there is no chance for small-cap stocks in the future, and there is still room for big blue chips to rise. Judging from the operation of other fund companies, it seems that everyone is more optimistic about the market for some time to come. Many companies began to issue new funds, and the "daylight-based" reappeared. A number of funds that have previously closed their subscriptions have also opened the door to subscriptions.

In fact, in recent years, the capital market has indeed ushered in tremendous changes. First of all, the government has cracked down on illegal activities more severely, the delisting system is more mature, and many junk stocks have no room for speculation. Moreover, judging from the long-term wealth flow, China residents' wealth and asset allocation are gradually shifting from the property market to the stock market, which is also in line with the normal pace of a country's development. At present, the proportion of financial assets in China's national wealth is still low, and there is still a lot of room for growth in the future. Coupled with the gradual entry of pensions into the market, it is good for the capital market as a whole.

On May 25th, A-shares generally rose, and the Shanghai Composite Index rose 2.4% in one day to close at 358 1.34. On the evening of the same day, Huang Yanming, director of Guotai Junan Research Institute, announced at the Weibo: "A shares have risen collectively, and the 4000-point challenge has just begun."

He mentioned that the monarch strategy team had previously pointed out in the report that with the uncertainty of the macro and external environment, the risk assessment will decline, which will push the market from shock to pull up. "On May 25th, the market rose sharply, and the trading volume was enlarged. Our logic and politics are constantly respected, and the trend of large-cap blue-chip stocks leading and large-cap blue-chip stocks following is also respected. "