The Road to Rebirth Finance

Chapter 396 The Journey Begins

At 09:30 in the evening, Junshitou also updated the net value of today's share, 1.2939 (-2.04%), which has been withdrawn for two consecutive trading days.

At the same time, today's 2.04% retracement rate is also the largest single-day retracement of Junshi Investment since Gu Junhao took office, and the retracement rate from the highest point reached 3.68%.

Although the retracement is not small, compared with most current public offering funds, the retracement of Jun Real Price Investment is not very large.

Judging whether a fund manager is good depends on three aspects: stock selection ability, retracement strength and historical performance.

The strength of retracement and the ability to adjust positions are the foundation of a good fund manager.

Although the investors who chased higher in the stock comment area in the past few trading days were very depressed, and they were venting their feelings of being trapped when they bought.

However, combined with the retracement of some other funds in the market, these investors still tend to continue to increase the value of Junshi, and still maintain a degree of trust.

However, some investors who were afraid to buy in the previous few trading days, after seeing the withdrawal of Junshi Price Investment for two consecutive trading days, had the same idea as stock hunting.

"Buy it, what are you afraid of when it's 2800, brother T recently went to investigate, and has no time to manage the fund, the retracement is normal."

"When Brother T comes back from research, the fund will definitely go up. Don't panic, just buy."

"Oh, let me tell you, it turns out that Brother T is not in the company, so it's no wonder, it's no problem to buy it."

"Isn't it too early to buy now? The market has broken down. Besides, I don't know when Brother T will come back."

"Is there anyone in the comment area who is hanging around? Do you know when Brother T will come back?"

"That's right, no employees from Brother T's company bought this ox base? Come out and talk about it, how long will Brother T be on a business trip?"

"Yes, I am, and I bought it as soon as the deal resumed, but I don't know when our boss will come back."

"That's not withdrawn. It seems that we can only make a fixed investment. It is really difficult to buy the bottom of the fund. You don't know which day is the bottom."

"It's as if you can copy the stock to the end, and even if you copy it to the end, can you hold it?"

"Don't say such heart-wrenching words, why bother with leeks, it's easy for everyone to return some points!"
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Early the next morning, Gu Junhao, who was still asleep, was awakened by a knock on the door.

I got up and opened the room to see that it was Liu Tingting and Li Xinyu: "Boss, we are leaving, do you have anything else to say?"

Gu Junhao replied with sleepy eyes: "Oh, it's nothing, pay attention to safety, if there is something for Brother Li to come forward, you can handle other things yourself."

"Okay, no problem, then I wish you and Sister Zhang a happy belated honeymoon trip, and we're off."

"Well, go, let me know when you reach the last one in Zhejiang Province, and I'll meet you."

"no problem."

After these people left, Gu Junhao was no longer sleepy. Now that he was awake, he simply rushed to Jinyang first, but before leaving, he had to say hello to Director Wang of the wine distribution company.

In the past two days, Gu Junhao could also feel that the wine distribution company still paid more attention to him; when he was leaving, he still had to say hello politely.

After talking with Dong Wang, he rejected his offer to send him to Jinyang; Gu Junhao began to pack his things and prepare to rush to Jinyang.

There were 10 people when we came, and we chartered a bus; when we left, we were alone, and there was no high-speed train from Fenshi to Jinyang.

During the contact with Fenjiu executives, they mentioned that intercity trains will be opened next year, but currently there are only trains starting with K, and there are not many trains a day.

The earliest train was at 100 o'clock in the morning. Gu Junhao looked at the time and found that it was too late, and he had to take a taxi for more than [-] kilometers.

After arriving in Jinyang, Gu Junhao rented an off-road vehicle from a car rental agency near the airport. Jin Province is mountainous, so an off-road vehicle is relatively more convenient.

At the same time, Liu Tingting and others also reported where they had been along the way in this temporary research group, and also took some pictures of the scenery along the way for Gu Junhao to see.

Before Zhang Yiru arrived, Gu Junhao simply drove the car and found a nearby cafe to sit down, turned on the computer and looked at the market, and it was already the opening time.

After two consecutive trading days, the trading volume at the opening stage of the morning market shrank sharply today, but the market trend is more stable than the previous few trading days.

After opening slightly lower in early trading, the Shanghai Composite Index began to fluctuate upwards and remained at a flat level. The fluctuations were very small, less than 0.6%.

In the case of sluggish trading volume, such a shock amplitude is in line with the law of the market, and there are still more negative news on the news side.

Affected by commodities and the external market, the price of ferrous metal futures continued to fall in early trading, which also led to the poor trend of A-share black stocks.

The rebound of the Dao Le Index led to a decline in gold and crude oil prices. At the same time, the offshore RMB exchange rate fell below 6.54 in early trading, hitting a 54-month low.

Affected by the statement made by the China Securities Regulatory Commission, the concept stocks of rice stocks fell sharply. At the same time, after the market opened today, shell resource stocks also fell.

The instability of the exchange rate has deeply affected the trend of A-shares in 2016, and with the implementation of globalization, the impact of exchange rates on the A-share market in the next few years will also be greater and greater.

It is not without good news. The biggest good news in today's session is the economic data released by the statistics department.

CPI increased by 2.3% year-on-year, and PPI decreased by 3.4% year-on-year. The trend of improving economic data is relatively obvious. The reduction in inflationary pressure also plays a certain role in stabilizing the market.

At around 10 o'clock in the morning, the Shanghai Composite Index fell for a short period of time, and finally filled the gap that was not filled in yesterday's decline.

Subsequently, the Shanghai stock index rebounded slightly upward again. There were no major bright spots on the disk, and the performance of the household appliances and dairy products sectors was not bad.

The liquor sector is still in the midst of adjustments after the pull-up at the beginning of the month, but the banking sector showed signs of stabilization today after a sharp correction in two trading days.

With mediocre performance, sluggish trading volume, and unstable external environment, it seems unlikely that the index will rebound quickly.

However, A-shares below 2900 points are relatively safe. After March, the stock market has not fluctuated much. Buying bottoms at this position, as long as you wait patiently, the probability of making money is still relatively high.

Afterwards, Gu Junhao took another look at Nvidia's performance last night. Nvidia has entered the adjustment mode since it refreshed the current round high of US$4 on April 15.

As of the close last night, the stock price closed at US$35.96, and it has regained its position on the trend line. The short-term adjustment should be coming to an end.

Calculated according to today's exchange rate, the profit of Nvidia holding positions has exceeded 5 million yuan, and the profit ratio has reached more than 43%.

With the slow bullish market of rice stock technology stocks, those giants holding top technology stocks are really making a lot of money, recklessly harvesting huge amounts of wealth.

Even Nvidia, which is around US$36, can only be regarded as the bottom in memory!
"Hey, it has to be someone else's old rice, look at us, hot chicken!" Staring at Nvidia's K-line chart, Gu Junhao couldn't help complaining.

Apart from other aspects, the stock market in recent years has indeed performed much better than ours, and the happiness of participating stockholders is much higher than ours.

Around 11 o'clock, Gu Junhao's cell phone rang, it was Zhang Yiru's call, he should have arrived at the airport.

After turning off the computer, Gu Junhao got up and headed towards the airport, and the rare rest time for the two began.
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The sharp drop for two consecutive trading days on May 5 and May 6 has basically locked that the market will not change much this month.

Coupled with changes in the news and unchanged policies, investors are naturally more cautious about the current market.

One of the most important reasons is that since the end of last year, the real estate market has officially heated up.

Rising housing prices in various places have led to a sharp drop in the popularity of the stock market, and investors have almost forgotten the existence of this market.

From January to early May this year, the price of new commercial housing in 12 first- and second-tier cities across the country rose by more than 10% year-on-year.

Among them, Shenzhen City, Shanghai Stock Market, Xiamen City, and Jinling rose by 54%, 33.8%, 28.3% and 27.1% respectively.

Among the 70 large and medium-sized cities, at the beginning of this month alone, the highest growth rate of new commercial housing has exceeded 35%.

Just like in 14-15, when the stock market was in a bull market and the real estate market was cold, now the feng shui is turning.

The frenzy of the property market, especially the Shenzhen market with the highest growth rate, even once aroused the concern of the ZF department: "The Chrysanthemum Factory, the light of domestic technology, may flee the Shenzhen market due to the sharp rise in housing prices."

The transfer of the market's center of gravity has led to the fact that the stock market is not valued by funds, which is also a reason.

Generally speaking, hot money will go wherever you can make quick money; in the next few years, the real estate market will still be in a hot state.

Until 2018.

In 2018, the Shanghai Composite Index was also a super bottom in the following years, with the stock index falling below 2500 points at the lowest.

In the next few years, the stock index failed to fall below this position, and some local sectors even stepped out of the big bull market that lasted for three or four years.

The market hasn't changed much, and it has been copied to the bottom. This is one of the reasons why Gu Junhao dared to put down his work and travel.

The money has been made, and the company is operating normally, so it is time to find an opportunity to relax.

The underground cultural relics look at Shaanxi Province, and the above-ground cultural relics look at Jin Province; Gu Junhao and Gu Junhao stayed in Jin Province throughout May.

From the famous Pingyao Ancient City, to the Xuankong Temple, as well as the tallest and oldest wooden pagoda in China and the majestic Yanmen Pass, there are countless scenery, one by one.

During this period, when traveling in various places, many netizens who speculate in stocks occasionally met Gu Junhao, and there were rumors that Gu Junhao appeared in various places in Jin Province from time to time on the Internet.

Nowadays, Gu Junhao has a large number of fans on the Internet, and not many outsiders can recognize him, but those who have been in the stock market in recent years, more or less know Gu Junhao.

After all, Gu Junhao's photo is still hanging on the hottest fund in the current market, so it is not uncommon for him to be recognized by some people.

(End of this chapter)