The Nasdaq opened at -3.57%. When Lu Ming saw it, he immediately said to Lao Qi: "The target of the Nasdaq closed 30% of the short position, and at the same time, the funds that were closed opened a long position."
Qiwei immediately carried out his orders.
Tiansheng Capital's current amount of funds for trading US stocks is too huge. It is unrealistic and too late to convert all positions into long and short positions. Moreover, the amount of funds is already quite terrifying, enough to affect the trend of US stocks.
There are many gods and goddesses here...
After the trading instructions were issued, Qi Wei was also waiting for new instructions from the big boss. He was more curious about why the targets in the two major indexes, the S&P and the Dow, were not operated.
At this time, the two major indexes opened at around -2%.
Time passed minute by minute, and at around 22:01, the Dow Jones Industrial Average and the S&P 500 Index both plunged by 4 percentage points each.
"Close 30% immediately and open more!" Lu Ming suddenly said decisively after the meeting, and Qi Wei immediately executed it.
Tiansheng Qdie was shorting Apple, Microsoft and other stocks, and at the same time, it was going long on the backhand.
At the same time, the three major North American indexes bottomed out and began to gradually rebound upward.
Since qdie's current main position strategy is only short selling, the market rebounded and rose, and qdie's profits retreated, but this was only temporary.
It has just begun. Lu Ming personally went to the trading room today to take advantage of the sharp rebound in profits in the short term and make strategic adjustments accordingly.
But this time, the absolute bulk of the core profits came from shorting the market. The decade-long bull market in the North American stock market gave people a sense of faltering in the face of rounds of slumps triggered by the spread of the coronavirus.
There is nothing more sensitive than the financial market. In the past week, the epidemic has spread on a large scale around the world. Worldwide, the "Brick Princess" is no longer the focus. As the epidemic spreads, panic is being infinitely amplified and sell-offs are taking place.
Risk assets have become investors' only option.
The logic behind it is that the capital market has suffered its worst week since the financial crisis in 2008, and investors are worried that the spread of the epidemic will trigger a global economic recession.
In the face of huge uncertainty, investors have accelerated their exit.
Under the plunge, people are panicked.
The CME Group Volatility Index vix, which measures investor panic, rose +44% to nearly 40 points.
The yield on the 10-year U.S. Treasury note fell to 1.1551%, another record low.
Affected by the overall situation of the US stock market, large technology stocks fell collectively, Tesla plummeted by more than -12%, Microsoft fell by more than -7%, Apple fell by -6.54%, Google fell by -5.43%, etc...
Yesterday alone, the market value of global stock markets evaporated by 2.72 trillion U.S. dollars, and the market value of Big A evaporated by more than 660 billion U.S. dollars, while the market value of North American stock markets decreased by 1.33 trillion U.S. dollars.
But having said that, the money that evaporated in the market did not completely disappear out of thin air, but was transferred. One of the institutions that Tiansheng Capital is currently making a lot of money from, the nuclear-powered harvester is already operating at full capacity.
…
On Saturday, February 29, in the news of the international financial market, the topic of interest rate cuts became a hot topic again. James Bullard, President of the Reserve Bank of St. Louis, said that if the epidemic intensifies, the Federal Reserve will cut interest rates.
Bullard claimed that if the coronavirus spreads and causes a global pandemic, the Federal Reserve may respond by cutting interest rates.
The Chicago Mercantile Exchange's Fed Watch tool shows that the probability of the Fed cutting interest rates at the April meeting is over 53%, the probability of cutting interest rates again at the interest rate meeting in June this year is 76.2%, and the probability of virtual descending in September is close to
90%.
In short, if interest rates are not cut, the U.S. stock market will be doomed!
Outside of the U.S. stock market, America is just like the big Eastern countries outside of the property market. The collapse is an unbearable burden. America's pension is all in the stock market.
Anyway, if you don’t turn on the nuclear-powered money printing press, the stock market will die immediately for you.
If you don’t believe me, try it, you will die if you try it!
The U.S. stock market opened sharply lower last Friday and then rebounded after bottoming out. This was due to expectations of the Federal Reserve cutting interest rates, so the stock market rose after the plunge.
…
On the weekend of March 1st, the international calls for the Federal Reserve to cut interest rates became louder and louder, and there were also voices in the country. The big A hit a new low of 2,670 points last Friday.
On the first day of March, this weekend morning, voices began to call for the issuance of special national bonds to cope with the current special period. There will be a meeting the day after tomorrow. The matter of special national bonds can be mentioned and discussed at the meeting.
On a discussion.
Various institutions are analyzing whether this special treasury bond will be released, but with this expectation, some people in the capital market are beginning to bet that it will definitely be issued, so at this time, the market 2670 points is undoubtedly a golden pit for bargain hunting.
In the afternoon, Tiansheng Capital directly disclosed the 2019 annual report. It was not a pre-disclosure annual report, but a formal annual report. The purpose was to boost investor confidence.
This annual report came out a week ago, but Lu Ming suppressed it. The original plan was to release a pre-disclosure of the annual report today, and then release the official annual report at the end of March when the US stock market collapsed.
Big A has fallen like this in the past two days, especially Tiansheng Holdings, which has been hit by two lower limits. Lu Ming has recently focused almost all his experience on the three major external markets, busy operating nuclear-powered harvesters and neglecting his own
Big A also ignored the fact that some people would make a fuss about him being "diagnosed" and having his butt stolen by short sellers, even though it was innocuous.
But yesterday the village chief called again and had a chat with Lu Ming. Tiansheng Holdings cannot fall like this. A-shares cannot bear it. You have to take care of it. Is the annual report out? Don’t cover it up when it comes out. Hurry up.
Send it out to calm the market.
To raise a hand on Tiansheng Holdings is to raise a hand on the A-share market. Today, there was a sudden call for special treasury bonds in the news.
This is not groundless, there is a story.
Another thing is that Guo Jia's team took 5.5% of Lu Ming's hand, and now they are trapped again.
Guo Jia's team's takeover price was 125,000 yuan. The last time he was trapped was at the darkest moment of Big A on February 3, when he was trapped for more than 13 points. Last Friday, he hit the price limit of 114,483.31 yuan for two consecutive times.
Team Jia is currently trapped at more than 8 points.
During this period, the trading volume of Tiansheng Holdings was extremely exaggerated, but Team Guo’s funds were not used for short-term trading.
At around 16:20 in the afternoon, Tiansheng Capital's annual report was released. Institutions and investors were surprised and unusual. They skipped the pre-disclosure and went directly to the main meal, so they quickly gathered around to watch.
According to annual report data, Tiansheng Capital's annual revenue as of 2019 was 3,354.298 billion yuan, a year-on-year increase of +261.87% compared to 2018; the company's net profit attributable to the parent company was 2,401.006 billion yuan, a year-on-year increase of +259.85% compared to 2018.
As of December 31, 2019, Tiansheng Capital's net assets at the end of the period were 10,739.872 billion yuan, and the company's total assets were 10,798.656 billion yuan, with year-on-year growth of +245.94% and +247.58% respectively compared to 2018.
The company's disposable liquid cash totals 9.32 trillion yuan.
At the end of December last year, with the joining of overseas LP institutions, Tiansheng Capital was entrusted with more than 900 billion US dollars in asset management plans, which significantly increased the company's assets under management.
As of December 31, 2019, Tiansheng Capital's own assets + assets under management totaled 36.26 trillion yuan, approximately US$5.19 trillion excluding exchange rate changes.
