Of course, the most important thing is that no one knows that Tiansheng Capital’s diving funds are trading in the virtual currency market so far, otherwise it would be another matter, which is another matter.
But now the virtual currency market is really taking off, more and more people are playing, and the trading volume and turnover rate are getting higher and higher.
It must have been very difficult to cut. The leeks were growing in an endless stream, and it was really impossible to cut them all.
After all, the leeks here are supplied from all over the world, so it’s really filling.
In addition, there is another important factor why Lu Ming is ruthless and ruthless. Virtual currency is becoming a new way for domestic capital to flee and transfer assets.
That means cutting it even more severely!
…
The next day, Tuesday, July 30th.
Lu Ming attended the pre-market morning meeting at the company today. He did not make any major strategies at the meeting. He just reminded his fund managers to pay attention to the recent short-term retracement risks.
At the morning meeting, Lu Ming informed everyone about Tiansheng QDIE’s latest strategy of adjusting the offshore exchange rate to break 7.
There is no need to say too much, fund managers will understand it as soon as they hear this sentence.
Such a sharp depreciation of one or two thousand basis points in the exchange rate in the short term will inevitably trigger the flight of foreign capital, which must be the first step to escape and avoid the risk of decline.
…
This morning, the Shanghai and Shenzhen stock markets opened slightly higher. After the opening, the three major stock indexes fluctuated upwards, creating a bullish trend in early trading.
Most people in the market have no premonition of the upcoming risks, and it is impossible for Lu Ming to jump out and say such things. With his height and influence today, he will never be able to bet against Big A. Don't ask, just ask that the overall trend is stable.
Good, long-term structural bull market.
Today, there is still a net inflow of funds going north, but the fund managers under Tiansheng Capital have begun to withdraw in an orderly and secretive manner.
Of course, there will not be a large-scale sell-off during the withdrawal. The overall goal is to control the retracement so that it is easy to buy the bottom when the time comes. Most positions will still be under pressure along with the market. This is still an active fund. As for the major ETF products, that is
There is no choice but to follow the market and endure the decline, because there are relevant regulations that funds cannot be completely short.
Controlling drawdowns and lengthening the cycle not only outperform the index, but also outperform similar funds.
When the time comes, basic citizens will compare and see that the fund products under Tiansheng Fund have risen strongly and resisted declines when they fell. They are much more resistant to declines than similar funds, so they will naturally choose to buy Tiansheng's fund products.
Isn’t the competitiveness rising now?
…
Today is the seventh trading day of the opening of the Science and Technology Innovation Board. Yesterday, Tianchi Technology opened a low and closed a doji, falling -3.75%. Today the stock rose sharply and ushered in a strong oversold rebound.
The highest intraday increase was over +17%. When the Shanghai and Shenzhen stock markets fell back in the afternoon, Tianchi Technology also remained volatile.
As of the close of trading, Tianchi Technology's stock price closed at 23.53 yuan, a surge of +16.49%. The turnover between the two cities was 1.681 billion yuan, with a total market value of 63.531 billion yuan.
The Shanghai Composite Index closed at 2952 points after the market opened, up +0.39%; the Shenzhen Component Index closed at 9399 points, up +0.48%; the ChiNext Index closed at 1580 points, up 0.87%; the ChiNext Index closed at 1580 points, up 0.87%.
However, the two cities fluctuated downward in the afternoon, and the three major stock indexes continued to weaken.
The reason for the afternoon weakness is that the fund managers under Tiansheng Fund are quietly withdrawing, and a core force in the market is running away. The weakness is also reasonable.
At the same time, Qiwei has begun to suppress the offshore exchange rate market.
…
On July 31, the Shanghai and Shenzhen stock markets opened lower. After the opening, the three major stock indexes fell. After 10:30, the two markets stopped falling and rebounded. However, they maintained a volatile adjustment trend in the afternoon, individual stocks were lackluster, and fund managers under Tiansheng Fund continued to run away. At the same time, foreign capital has experienced a net outflow of several hundred million today.
Valley lame
Some smart funds in the market have a keen sense of smell and realize that something is wrong. A new situation also appeared in the exchange rate market today. Everyone found that the offshore exchange rate broke a new low and the fluctuations were abnormal.
Today, USD/CNY (offshore) closed up +0.29%, closing at 6.9095. Exchange rate market volatility is continuing to increase, and the RMB is further depreciating.
In the A-share market, the three major stock indexes of Shanghai and Shenzhen Stock Exchange closed down -0.67%, -0.77% and -0.62% respectively today. At this time, most people believed that this was a normal correction of the market, and only a few people began to reduce their positions to avoid risks.
Tiansheng Holdings closed at 92,351.67 yuan after the market closed today, down -1.26%, with a total market value of 7.38 trillion yuan and a turnover of 12.3 billion yuan.
Tianchi Technology rebounded strongly yesterday, but fell today due to shrinking volume. The stock price closed at 22.05 yuan, a sharp drop of -6.26%. The total market value was 59.535 billion yuan, and the shrinking transaction volume was 1.5 billion yuan.
That night, in the external market, the three major U.S. stock indexes opened higher, and everything seemed calm, basically maintaining high fluctuations throughout the day.
Until a sudden flash crash in late trading, the three major U.S. stock indexes plummeted by more than 2 percentage points.
The reason for the sudden plunge was the Federal Reserve's announcement to cut interest rates by 0.25%. Last month it had already cut interest rates by 25 basis points, which was the first time the Federal Reserve cut interest rates since December 2008.
Today, at the end of July, the Federal Reserve announced it would cut interest rates for the second time this year, again by 25 basis points.
As soon as the news was announced, the stock market plummeted and crashed.
Previously, the market's general expectation was that the Fed would cut by 50 basis points, but as soon as the news came out, it only cut by 25 basis points, which was far less than market expectations.
Needless to say, the stock market will die for you.
This time the interest rate was cut by 25 basis points. From the voting records disclosed, it can be seen that not all members agreed with the interest rate cut, and two members opposed the interest rate cut.
At the press conference after the meeting, Powell was ambiguous, claiming that this interest rate cut was just a mid-cycle adjustment and did not mean that the next round of interest rate cuts would begin.
As soon as this sentence came out, it was the key to directly causing the intraday plunge of US stocks.
Taken together, this 25 basis point interest rate cut is the compromise result of a multi-party game.
Because since Powell took over as the head of the Federal Reserve, the top leaders have constantly put pressure on him, asking the Federal Reserve to adopt a looser monetary policy. All the previous presidents of the United States like to have a loose monetary environment, so that the employment rate will rise. His approval rating will be strong.
But nominally speaking, the Federal Reserve has its own independence and does not need to take orders from the central bank. This is different from banks in other countries, but in reality there is no completely independent central bank.
The commander-in-chief's attitude embarrassed Powell.
If, in order to prove one's independence, one persists and completely ignores the commander-in-chief's words, then not only will the commander-in-chief be offended, but also the Communist Party behind him and the Congress he controls.
But Powell didn't want to give the market the impression that he was completely taking orders from the commander-in-chief and was just a puppet.
Otherwise, the Fed will lose its so-called "independence" and "credibility", and it will also lose its moral high ground when criticizing other countries for their correct policies in the future.
This is also the awkward position Powell finds himself in, and explains his ambiguous tone at the press conference.
However, the capital market doesn’t care whether your situation is embarrassing or not. If you cut interest rates less than expected, the market will stab itself and kill you.
The current bond market is experiencing unexpectedly strong performance, coupled with the inversion of the yield curve, more and more people in the market are beginning to worry about the North American economy falling into recession.
Anyway, judging from past history, once the inversion of U.S. bond yields occurs and lasts for a quarter, an economic recession may occur in one to one and a half years.
However, this does not prevent Tiansheng Capital from harvesting profits from short-term fluctuations. Among the current external funds, the large positions are long. In the second half of this year, Lu Ming is generally bullish on U.S. stocks, and it does not matter if the long positions are withdrawn.
But at the same time, another extra short-term short-selling game began to make money. This wave of panic has to be cut off. The external market throughout August will fall into violent short-term fluctuations. Lu Ming also focuses on the external market.
The game comes up.
The opportunity is rare, so you have to spend more time and money, because after all, you will have to face Aramco's nuclear-powered money printing machine in the future.
