The A-share daily trading volume this week has exceeded 1 trillion, basically meeting the conditions for the market to start, but the trading volume for only three trading days is still not enough to determine a complete reversal in the market. However, in terms of media sentiment, it has already started to heat up.
Recent discussions have focused on brokerage stocks, which have also experienced a rebound, although not as significant as hot stocks with large previous gains and losses. $Contemporary Amperex Technology (300750.SZ)$ Nor as large as the rebound of popular stocks heading towards the altar. $BYD Company Limited (002594.SZ)$ But brokerage stocks rebound with a noticeable characteristic of reassuring investors, at least much more reassuring than stocks with excessively high PE ratios of 100 or more.
The volatile market largely reflects two expectations.：
On the one hand, there is an improvement in the economic situation. The most core factor is that the epidemic in Beijing and Shanghai has been effectively controlled. This will have a strong driving effect on the third quarter and even the second half of the year's economic development, with some room for imagination in the second quarter, at least not a blank exam paper.
On the other hand, it is the expectation in the capital market. We need to recognize clearly that the price of stocks is largely a monetary issue, rather than a completely accurate reflection of the level of economic development. In other words, if inflation is relatively serious, stocks themselves have a certain inflation-resistant ability, even though the corresponding assets of stocks have not changed. However, with more money, the unit price becomes higher. This is how stocks as assets can resist inflation...