The index of 36 coupons shows only one increase in july. 3. 45 per cent, which is the report card handed over by the washington bond index. The remaining 35 were fully negative, of which 18 fell by more than 20 per cent, while 5 fell by more than 30 per cent。
Against the backdrop of a significant overall reversal of unit a in july, behind this 3. 45 per cent figure is not luck, but a completely different configuration logic。
The distribution of the industry, where others piled up, it barely went
What's the deal with washington? It's almost completely off the track。
The week of 20-24 july saw a 6. 69 per cent increase in petrochemicalization of shinwan, a 5. 31 per cent increase in non-ferrous metals and a 4. 10 per cent increase in coal, all three of which coincided with the dividends of the washington repository. Over the same period, the semiconductor storage industry chain dropped by more than 50 per cent per month. The direction is right, the results are naturally different。
The statistical pillar of shinwan's first-class industry figure
Makkah blue went up by 44%, deconnon went up by 20%, and the two targets took full advantage
The core of positive gains from the juarez bond index comes from two targets. The month of july saw an increase of more than 44 per cent in mycoran and 20 per cent in the month of july in the case of dacon. The former belonged to the dairy sector, which benefited from the defensive properties of the consumption block, which had to be selected in july, while the latter followed the reverse expectations of the pig farming cycle and the plate was stronger。
The china sea securities and east wu securities and gold index fell by over 30 per cent in july. In the same month, the net value of an increase of 44 per cent in one combination was pulled upwards, while in the other, all the targets were hit downwards — a gap of 3. 45 per cent and -30 per cent。
Overcrowding data
The washington stock exchange was revealed in the open market view on 19 july, when the “new, old, high and low” patterns of crowding in the industries tracked had emerged: low consumer industries such as medicine, beauty care and farming had experienced high levels of crowding, while most technology boards had begun to fall. This signal, obviously, predates the full depth of the ai plate in late july。
On 21 july, the chief sun of the large group of assets of washington further noted that the core drivers of the ai block adjustment in this round were three: the input shock of volatility in peripheral stock markets, the market's re-evaluation of the ai industry capital expenditure logic, which triggered valuation re-pricing, and the pre-offer trade of the overseas science and technology block overcrowding of highly leveraged funds。
In other words, when the washington stock was combined at the end of june with a july equity portfolio, extreme fragmentation of congestion was observed, with the initiative to move away from a market-wide consensus on high-growth tracks towards low-crowding defensive assets。
The strategy of china's milky way securities at the end of july confirms the same bottom logic: the money was moving from the extremes of the ai track to defensive plates, with the market style moving from growth to style rebalancing。
36 indicators, 35 drops and 1 rises. The figure of 3. 45 per cent is not an accident, but the result of a low-crowding layout that accurately trampled the july consumption of the farm block stand alone. The increase was over 44 per cent in myco blue and over 20 per cent in the tecono-pastoral sector — the contribution of both targets is fully positive in terms of income elasticity。
The next question is: will this style switch continue in august
