Chapter 661 [U.S. bond yields are inverted, the global market is scared]
The news of Lu Ming's field trip to the countryside made the news the next day on Saturday. Some media began to report the matter, and short videos of him in Shantang Village began to circulate on the Internet. Among them, the most played and widely disseminated
A video of him having lunch with a group of villagers in Shantang Village.
When eating, he is not ambiguous at all. He truly follows the local customs. He eats by himself while not forgetting to let everyone use his chopsticks. There is no airs at all. Netizens who eat melons have ridiculed that the boss is probably tired of eating delicacies from the mountains and seas, and occasionally eats some farm food.
The home-cooked food is very fresh.
In the video, Lu Ming, several village brigade cadres, villagers, Yang Gu and others were sitting at an eight-seat square dining table. People who didn't know would definitely think that the most important person at this dining table was Yang Gu.
On Saturday, a weekend holiday, Lu Ming continued to conduct on-the-spot investigation and research in the counties under the jurisdiction of Ningzhou. He visited six counties and districts in three days, and relevant news was constantly released during these two days.
It is quite rare for a big boss like Lu Ming to personally go to the countryside for field investigation and research despite the huge Tiansheng Capital. This shows how seriously he attaches importance to it. Naturally, it also attracts the attention of the capital market. After all, Lu Ming attaches so much importance to it.
, there is no reason not to pay attention to rural revitalization, there are definitely opportunities here.
After the three-day inspection, Lu Ming also returned to Ningzhou City and went to the front lines to conduct research. He also had a rough idea in his mind. After all, this time it was not just a county, but expanded to a city-level unit, which was also the beginning of "initiation".
The "county model" is a critical first step in implementing the three-step strategy across the country and must receive sufficient attention.
Lou Yiyun has not been idle these days. The additional budget for Zeng Hong's research team has been put in place. In the following days, Zeng Hong's team will conduct further in-depth research in major counties.
Before the "County-Opening Model" is officially implemented, it is necessary to obtain the actual situation in each place, so that we can truly adapt measures to local conditions and carry out relevant work according to the situation.
…
At about 11 o'clock in the evening, Lu Ming, who had just come out of the shower, leaned against the bed and opened the market software on his laptop to look at it. He had been doing field trips in the countryside for the past few days, and he had time to understand the capital market market on Friday.
.
Lu Ming took a look and found that the market situation on Friday could be summed up in two words: tossing.
The two major A markets opened with mixed gains and losses, and plunged all the way down in early trading. The Shanghai Stock Index fell to the lowest point of the day at 3,065 points, and fell below 3,100 points again.
In the afternoon, it fluctuated and rebounded, and the market regained 3100 points. It continued to dive in the late trading and then pulled up again. There was panic in the session.
As of the close, the Shanghai Composite Index rose by +0.09%, the Shenzhen Component Index rose by +0.10%, and the ChiNext Index fell by -0.59%.
Lu Ming switched to the individual stock Qiming Fubon and took a closer look. Feng Xiaocheng had already told Feng Xiaocheng to do a good job in market value management of this target.
Qiming Fubon emerged from its fourth straight-line market on Friday, with its stock price hitting a new high of 8.92 yuan, and its total market capitalization reaching a maximum of 26.76 billion yuan. The number of investors who won the lottery for this stock also doubled today.
But on Friday, Qiming Fubon’s fourth straight-line board did not close until the close. Affected by the intraday panic caused by the market’s jump up and down, those who held Qiming Fubon began to sell, and they had already doubled their accumulation.
If you make a profit, this sale will trigger everyone to sell together.
As of the close of trading, Qiming Fubon's stock price closed at 8.53 yuan, up +5.23%, showing a high false negative K line.
The selling orders of this stock on Friday were basically followed by Feng Xiaocheng, who realized the initial entry into the market and completed 30% of the changes in hands.
After the market closed that day, the investors who sold the stock were satisfied. At the same time, they also felt that the ticket was over. Qiming Fubon represented the interests of the vast majority of people, which in turn meant that the profits would definitely not be too big.
It is not a growth-oriented company, and a new stock's rise is likely to lead to a long road of decline. If you double your stock and leave, you will be satisfied.
But on the weekends, news of Lu Ming's personal field trip to the countryside came out one after another. Some of the people who sold regretted it. The concept of rural revitalization can continue to be hyped, but it has been sold. It can only be sold with the help of the main force.
Something to comfort yourself.
Lu Ming switched from Big A to the external market and took a look at it. After a quick glance, he found that the external market fell across the board on Friday. The Dow fell -1.77%, the Nasdaq fell -2.50%, and the S&P 500 fell -1.90%. European stock markets fell that day.
They also fell across the board, with FTSE falling by -2.01%, A falling by -2.02%, Brent crude oil falling by -1.15%, and gold futures falling by -0.30%.
The key factor that led to the sharp decline in the external market was that the 3-month and 10-year U.S. bond yields inverted again since July 2007.
In the financial market, the yield on government bonds is basically equal to the benchmark interest rate.
The yield on short-term government bonds is unsustainably higher than that on long-term government bonds. In this case, either short-term high interest rates inhibit economic growth, or the long-term economic growth potential cannot support short-term high interest rates.
More importantly, lower long-term interest rates mean that investors are pessimistic about long-term economic growth, while higher short-term interest rates will have a negative impact on the current economy.
This is also true. According to historical data, inversions in U.S. bond yields often precede economic recessions and stock market adjustments. As North America is the leader of the global economy, as soon as the inversion of U.S. bond yields occurs, U.S. stocks and even global stock markets are frightened.
Down.
It is basically foreseeable that the big A will basically be gone when the market opens tomorrow. After all, the big A has always followed the decline but not the rise, unless a super main force like Tiansheng Capital comes forward to spend real money to support the market, but obviously it will not do this.
Tiansheng Capital’s funds are not brought by strong winds.
While Lu Ming was reading the news of the past few days, Xiao Anan entered the bedroom, closed his laptop and threw it aside. His eyes met with his, full of flattery and enthusiasm for mischief.
"When you came back, you were so tired that you didn't want to walk. Now you're not tired anymore?" Lu Ming turned to look at the notes aside, then looked back at her eyes. Xiao Anan said mischievously with a smile: "Yes,
So I don’t want to move…”
After a moment of silence, Lu Ming looked at the time and saw that it was getting late. He definitely couldn't avoid this posture, so he stopped inking and finished his work so that he could go to bed. He still had to go to work tomorrow.
I've been very busy lately.
…
Monday, March 25th.
In the morning, Lu Ming arrived at the company office, and the latest report materials handed over by Feng Xiaocheng were already placed on the desk.
I sat down at my desk, picked up the report and took a rough look at it, mainly looking at the relevant materials of Qiming Fubon. Feng Xiaocheng had officially intervened in this target from the secondary market last Friday and received about 200 million yuan in goods.
Qiming Fubon has just been listed, and it is also the first listed company under the Qixian model. It has to create a profit-making effect and make the capital market shine. It needs to do some market value management. Tiansheng Capital has basically never done market value management before.
I am really good at managing the market value of the entire big A, after all, the size is there.
Lu Ming read the material for a while and put it aside, then opened the market software.
At this time, the call auction came out at 9:25. The external market plummeted across the board last Friday. Big A was no longer within the trading hours due to the time difference, so it temporarily escaped the disaster.
But it turned out that it was really just a temporary escape. A-shares also experienced a sharp decline today, and the call auction started immediately. It was like lying down and not resisting.
The three major indexes gapped and opened lower. The Shanghai Composite Index plummeted -1.46% at the opening of the auction, falling below the 3100-point integer mark. Industry sectors also fell more than they rose. Banks, insurance, securities firms, trusts and other major financial sectors opened lower across the board. The market can withstand it.
