As of March 15th, more and more capital markets around the world are prohibited from short selling. We really can't withstand such a crazy decline, so we can only temporarily change the rules.
This has had some impact on Tiansheng Capital's overseas layout. After all, qdie has a presence in all major markets, and it is not just the Yingjiang family. However, the size of these markets is not large, so it does not affect
The big picture.
On this weekend, the global capital market has become numb, especially Yingguo’s outrageous operation.
At the weekend, various domestic news that are good for the market continued to be released, and analysts from various institutions also comforted investors, so don’t panic.
The country has stabilized, don’t scare yourself...
…
Monday, March 16th.
At Tiansheng Capital Headquarters, Han Qiulin entered Lu Ming's office and sent a message.
"Last night's news, on the afternoon of March 15th local time in North America, the Federal Reserve urgently announced a second round of interest rate cuts, lowering the target range of the federal funds rate to a 'zero interest rate' of 0 to 0.25%. At the same time, the Federal Reserve also announced a $700 billion
The U.S. dollar’s large-scale quantitative easing program includes repurchasing at least $500 billion in Treasury bonds and increasing mortgage guarantees by at least $200 billion.”
Han Qiulin, who entered the office, looked at Lu Ming and continued: "The Federal Reserve stated in a statement that day that the coronavirus has impacted the economic activities of many countries around the world, and global financial conditions have been significantly affected. In the short term, the coronavirus will put pressure on the North American economy and have a negative impact on the economy."
The economic outlook poses risks, so we cut interest rates this time and maintain this target range until we are confident that the North American economy has been tested by the risks."
Lu Ming sat in his desk, leaning back on the office chair, closing his eyes and saying nothing, while Han Qiulin added: "In addition, the Federal Reserve announced that it will lower the deposit reserve ratio to zero starting from March 26; from 3
Effective today, March 16, the primary credit interest rate will be lowered by 150 basis points to 0.25% to help meet the credit needs of households and businesses."
"A reporter asked whether the Fed's US$700 billion asset purchase plan is a new round of quantitative easing. Powell did not deny it. It is reported that this move will bring the Fed's balance sheet to a balance of about US$5 trillion. The Fed also stated that it is currently increasing its balance sheet.
, Britain, Japan, Europe and other banks have taken actions to increase US dollar liquidity."
After hearing this, Lu Ming immediately opened his eyes, tapped on his work computer, and glanced at the foreign exchange market. The main U.S. dollar index, which has appreciated sharply for four consecutive days, fell today, with an intraday decline of about 1 percentage point.
Tiansheng Capital is long on the US dollar index. A drop means a profit retracement. Lu Ming looked at it for a while and then closed it. It can't just go down like this, it has to go up!
"I know." Lu Ming nodded and said, "Go and do your work."
This is the second emergency interest rate cut by the Federal Reserve this month. It is also the second time that the Federal Reserve has returned to the "zero interest rate" era after the 2008 financial crisis.
After Han Qiulin left, Lu Ming read relevant news on the Internet. Regarding bond purchases, Powell said that a more relaxed environment could be created, and there would be no upper limit on the scale of weekly or monthly asset purchases.
This meeting replaced the interest rate meeting on March 18th and 19th. The interest rate meeting originally scheduled to be held during this time period was suspended.
This is the nuclear-powered money printing machine running wide open. For the Federal Reserve, the two emergency interest rate cuts to zero, coupled with $700 billion in quantitative easing, have already hinted that the Federal Reserve is on the verge of running out of ammunition and food, and it can only continue indefinitely.
Conduct quantitative easing and purchase bonds to release liquidity.
…
As time goes by, Big A opened as scheduled. Today, the Shanghai and Shenzhen stock markets opened higher. This made many panicked investors have expectations for Big A, ignoring the negative external news. Is Big A really going to have an independent market?
But when the market opened at 9:30, the market opened higher and plunged.
The big financial banking sector was the first to jump immediately after the market opened. Zhangjiagang Bank went straight to the limit, and stocks such as Bauhinia Bank and Jiangyin Bank also fell sharply.
Subsequently, technology stocks also began to fall, causing the market to turn green and the decline quickly expanded to -0.70%. During the early trading, only the mask concept and its positive sentiment benefited stocks strengthened.
During the weekend last week, pornographic sentiment exploded overseas, and Waiguo people started cultivating voodoo, causing the concept of masks and many pornographic profit stocks to surge.
But the most important thing is that yesterday the Federal Reserve announced its second large-scale emergency interest rate cut. The market had previously expected a huge call for an interest rate cut, but what people did not expect was that it would be so powerful. The last time there was such a level of battle was in 2008.
year’s financial crisis.
As soon as the news came out, all the major markets around the world were plummeting today, and the big A was even more violent. There was a high opening to lure the bulls to dive again. Over the weekend, some teachers said that interest rate cuts were good news, but the market was once again against human nature.
Big institutions and big funds saw that the Fed's interest rate cuts were a major negative. This wave of "zero interest rate" operations was equivalent to the 2008 financial crisis based on its severity, causing market panic to break out again. For that financial tsunami, the world
Investors will never forget it.
Now the Asia-Pacific stock markets are plummeting, the futures market is also plummeting, and all kinds of declines are endless.
In the A-share market, as soon as the market fell, a large number of investors turned back and went for convertible bonds. There is no short-selling mechanism in the A-share market, but the shareholders of the A-share market said that the mountain people have their own tricks, and the flexibility of the Chinese people is indeed a bit
thing.
The hot convertible bond market formed a seesaw effect with the broader market, so it indirectly acted as a short-selling mechanism during this period.
Before the market hit the market limit of 1.0 on February 3, the darkest moment, investors could only get beaten when the market plummeted. They had no hope of making money in the plummeting market environment. They would be thankful if they didn't lose money.
But since February 3, the day the market dropped to its limit, changes have gradually occurred, and more and more investors have become aware of the new world of convertible bonds.
By now, the convertible bond market has exploded. Thousands of investors seem to have formed a tacit consensus. The market for convertible bonds has plummeted. Many investors have made money in the convertible bond market, and as time goes by,
As time goes by, more and more people know about and get involved, which continues to promote the popularity of convertible bonds.
At this moment, the market is plummeting, and the convertible bond market is taking off.
Leading Demonic Bond Shangrong Convertible Bonds opened at +10% higher in the call auction. In addition, Xingtian Convertible Bonds and Tongguang Convertible Bonds also opened at +10% higher at the auction. After the opening, the market plunged. These three convertible bonds opened significantly higher.
Rush all the way.
At around 9:45, Mr. Han sold the overnight deal last Friday at this time. The average transaction price was 325.1 yuan/ticket. This wave of overnight profit was +19.52%, which is about more than 60,000 yuan. And with his new account,
The account funds also soared to 383,600 yuan.
"Baking, is Xingtian Convertible Bond almost 50 points?" Around 11 o'clock, Mr. Han looked at the convertible bond market and noticed this bond, and then switched to the underlying stock Xingtian Pharmaceutical to look at the last transaction.
A sneak attack on the daily limit at the end of the day. Today, the daily limit will be opened directly, and then the convertible bonds will explode!
When the market opened in the afternoon, Shangrong Convertible Bonds plunged sharply. Mr. Han stared at the convertible bonds and found that in today's convertible bond market, Shangrong Convertible Bonds and Xingtian Convertible Bonds were competing for the lead, while Tongguang Convertible Bonds were in decline in the morning.
In the afternoon, Shangrong Convertible Bonds also became colder, Xingtian Convertible Bonds came out, and Laolong Shangrong Convertible Bonds pulled its crotch, but the trading volume was still at the level of 800 million or 900 million, and the popularity was evident.
But the trading volume of Xingtian Convertible Bonds has also increased. This is a new bond that was only listed in mid-to-late January this year. The trading volume last Friday was less than 100 million, but today’s volume has so far been
It is sprinting towards 2 billion, and it has only been open for more than half an hour. Although it is not as good as Shangrong Convertible Bonds, this amount is already super huge compared to this convertible bond.
Moreover, the price of this bond is low and the market size is small. It is now becoming more popular and has a new dragon temperament.
