fund trampling refers to the fact that fund managers choose funds to sell a large number of stocks due to the market environment, which leads to the decline of a stock or even the whole stock market. The main reason why the fund manager decided to sell a lot of stocks is that when the fund fell, investors kept the redemption fund and the cash for redemption was insufficient. Or, fund managers usually bearish on subsequent stocks, choose to hold cash, adopt defensive strategies, and choose to sell stocks. At present, technically speaking, as long as the GEM index effectively falls below the half-year line, it is basically determined that the GEM market will enter the mid-term top adjustment for about 3-6 months. As for the Shanghai Composite Index, it is still uncertain. As for whether the whole market has entered a bear market, it will wait until the end of March. At present, everything is in the observation stage, but before that, we have warned people many times to be careful, to unwind positions and control positions during the rebound, especially to stay away from stocks that soared in 22.

after the spring festival of the year of the ox, it is the most remarkable market feature. before that, Public Offering of Fund joined hands to speculate on the plunge of China's core asset stocks? Crash? In this way, the star fund managers who enjoyed great scenery in the past year dived for the platform of product management network. At this time, Public Offering of Fund meant that the stock was finally trampled, plunged and redeemed. In order to reach the redemption limit, they had to sell the stock, and then the stock price continued to fall. There was a stampede of investors in the market, which caused market killing? A bloody case? But other stocks are also involved! It will be like the last crash, which we don't know yet.

Our A-shares also raised the stamp duty on May 3th, 27. Since most small and medium-sized stocks peaked, they entered the biggest round of the bear market, and finally broke through 6, points in banks and Shanghai, and then began to fall in October. Now, it is still high. Shanghai has not broken through in the past 14 years. The biggest risk of our A-shares at present is the risk of swarming after the collapse of the fund group. Once the net value of the fund is withdrawn, many funds will face the pressure of redemption. This time, they have to sell their shares to meet the redemption requirements, which will make the shares fall even more and fall into a vicious circle.

The new fund relay can't keep up. This year's new fund issuance, more than half of the positions before the Spring Festival began to lose money. You know, our index was always a bull market before the Spring Festival. I said a long time ago that this year's new fund can easily become a successor. Nominally, a star fund also stopped subscription, which brought pressure to the fund. At present, my judgment on the stock market is that the growth enterprise market may fall by about 2% due to the impact of weight, and even the possibility of entering the technology bear market is not ruled out. However, Shanghai should not enter the technology bear market with a callback range of about 1% because of banks and real estate, and it will remain unchanged at 4 this year.