The $2. 68 trillion is a deal. It's a little hotter on the plate

Many of the diasporas have recently been staring at the big drive at 3900 points, blindly believing that the market is booming and full of opportunities and can make money by buying it. But the amount of $268 trillion a day in the last two days has exposed the true pattern of august a shares:

Markets had long been able to leave behind the booming era of closed-eyed win-wins, formally entering a highly structural pattern of liquidity, industry orientation and performance screening。

The index rate is likely to go up, but individualization is likely to grow. Twenty per cent of the high-quality markers consume 80 per cent of the market's profits, leaving the vast majority of small votes, with only in situ and repeated shocks。

Today, in the context of the most up-to-date inventory data, central bank liquidity moves, medium-rate performance tempo, and the true logic of all the big blocks, you can be told in plain language: behind the 2. 68 trillion days, in august, the only four main lines that depend on the scale, pit-scrambling zone, and ordinary people's real-life thinking, with no bullshit, no prejudicing, no stock-taking, no objective industry, no disassembling。

I. Opening of the hot spot: the deal is not a party, it's a total market-style switch

First, you can get a set of the most realistic, hard-core, up-to-date data, and you can see the nature of august。

On 7 august, there was a high level of full stock a, with an increase of 1. 02 per cent in the index, a deep rise of 1. 42 per cent, a rise of 1. 35 per cent in the entrepreneurial base, a sharp increase of 2. 51 per cent in the 50-year-old, and a total round-the-clock turnover of over 268 million。

Over 2,800 red discs have risen, and the face-to-face gain appears to be fully warming. But the real money movement is the opposite through the appearance of a rush: it is not incompetent, but rather large-scale repositioning of shares and the triumphs。

Looking back at the beginning of august, the first day of the month, with a turnover of $201 trillion, appears to be a small contraction, but behind it is the continued flow of substantial resident capital to etf. The net inflows of etf stocks in july exceeded $470 billion, which meant that the current round was long overdue, rather than short-term bidding, but was dominated by incremental institutional funding and long-term allocation。

At the same time, the central bank is working directly to stabilize market liquidity, with a three-month repurchase of $500 billion in august, reaching only $300 billion that month, with a net one-day investment of $200 billion in liquidity。

The official attitude was very clear: even if the subsequent government debt were to be issued at a faster pace, the market would not be closed and the entire a stock would be placed on a safe floor that would not fall。

Liquidity has kept the pattern of an exponential shock alive; however, intense disclosures in the media have put an end to the chaos of pure subject matter。

This was the biggest story in august: the index was not at risk, but the garbage and pseudo-growth units were completely out of reach and profits were concentrated on high-quality tracks with real performance and real orders。

Ii. Breaking the vbo's fatal cognitive misperceptions (90% of the population at the source of losses)

Many of my fans have been talking to me recently about operational problems, and i have found that the core of people who are losing money and getting to the ground is not intelligible, but deep-rooted cognitive errors, which are all corrected today:

Zone one: zoom in zone one = all-cows, all shares will rise

It's a big mistake! 268 trillion days is a deal. It's not an intelligence of money. It's the result of fast-changing funds, high-quality deliveries, low-level relays。

Quantities do not represent a general increase, but a high level of market activity and speed of rotation. The more natural it is, the more polarized the plate, the more vulnerable the poor votes are to be abandoned。

Zone 2: technology's all up

Many people see semiconductors, ai is strong, and all the technology units are brainless。

But in august, technology changed long ago: from what was once known as the “up-and-up-up-up-up-on-the-line” theme, it turned into a hard-core technology with merit, orders, and profits. Pure concepts, revenue-free, land-defeating projects have been completely marginalized by funding。

Error three: liquidity easing = all plates rising

Liquidity is only a “safety pad” for the market, ensuring that the index does not collapse, that it does not stop, that it determines who can make money and who can take the trend, and that it is the industry that is in the mood and the performance report。

Much money does not represent a surge, and it simply flows precisely to high-profile, high-certainty tracks。

Wrong area four: low-value low-value stock security, suitable for bottom layout

There is no “low-to-safe” logic in today's markets。

In a general context of weak aggregate demand, low-value shares without performance support will only continue to fall. The core of the august selection was never to be seen in terms of location, but rather in terms of profitability and industry logic。

Zone five: periodical units can be fully activated and eat meat with index

A lot of people saw the resources rebound and felt that the cycle was coming。

In july, however, pmi. 92 per cent of the manufacturing industry was completely below the gloom line, with both domestic and external demand weak. The cycle stock does not have a comprehensive cattle market base, and only a few breakdowns of supply contraction and capacity are available for structural opportunities。

Iii. 4d deep disassembly: bottom run logic for unit a in august (liquidity + performance + industry + policy)

To get through august, you have to understand the four core dimensions, which are the bottom logic of all the rolls and drops:

1 liquidity dimension: strong market bottom to avoid systemic decline

Central banks continue to invest in liquidity in a net way, clearly maintaining sufficient market funds. With the addition of hundreds of billions of dollars in the july etf incremental capital, the market is now in short supply, not with money, but with high-quality profit assets。

This determines that there is no systemic risk to unit a in august, and that there is no possibility of a continuous major fall and fall of bears, and that the whole is dominated by up-square and structural rotation。

2. Performance dimensions: qualifications to eliminate all hypocritical growth

August is the most important mid-report disclosure window for the year and a key node for “false truth” in the market。

In the past, it was based on emotions, themes, stories, all of them, to value back. Funds now recognize only three things: real landing orders, sustained growth of collections and stable positive cash flows。

As much as the increase is higher, so long as the orders fail to keep up and the performance is not realized, the stock price will shock and reverse. This is also the central reason for the continued weakness of many high-level thematic units in the recent past。

3 industrial dimension: 4 main lines are clear, each attacking the defence is responsible

Following repeated funding screening and continuous validation of the medium report, the priority of the main line of a was determined thoroughly in august:

First attack main line: ac hardware plus national semiconductor replacement

This is the year-round core growth track and the core of the current funding package. Ai capital expenditure is no longer a slogan and has been effectively channelled to the hardware end of pcb, light modules, storage, advanced sealing, and power-liquid cooling。

The most definite and resilient scenario is from software to physical hardware profits。

Second trend theme: innovative medicines

Innovative medicine is the middle-line track with the highest current value. The logic of the rise is no longer a mere fallback, but rather an overseas bd mandate, the landing of r & d results and an increase in international competitiveness。

Compared to high technology, it has a fragmented structure with minimal valuation pressure and is the best way to absorb spillover funds, a trend that has just begun。

Third main line rehabilitation: supply of condensed resources

Copper, rare earth, high-end chemicals, optical subdivision materials rely not on an explosion of demand but on capacity management, supply contraction and price repair。

As long as the price of the product is stabilized, the profits of the enterprise will be repaired quickly and independent structural conditions will emerge。

4x4: finance + high dividends

Banks, insurance, operators are not responsible for attacking to make money, but for stabilizing the pace of the market. When growth tracks are adjusted, high dividends take refuge in finance; when market sentiment warms up, funds flow primarily to high-flexible growth units。

Policy dimensions: a policy-based economy that ends in performance euro current

Fiscal power, equipment upgrading and high-end manufacturing support policies continue to fall on the ground, but they will only provide a catalyst for action and will not be based on empty cattle。

All policies are good, ultimately dependent on business orders, revenue and profits, and unattainable issues are short-term emotions。

Iv. Positive and anti-case comparisons: understanding the core gap between earning and losing money in august

Error operation (90% hash)

1. To pursue technology, regardless of its merits, and to buy pure, non-performing ai tickets, which continue to be used when they fall

2. Plugging low-level cold-door units, disregarding the industry and holding on to the main lines

3. Reshaping cycles when resources are seen rebounding, neglecting the overall weakness of demand and falling into a short line

4. Do not know the rhythm of the wheel, either carry the high-level theme or blindly copy the low-level garbage unit

5. Treat liquidity easing as a burgeoning cattle market with frequent silo operations and high-strikes。

Good practice

1. Focus on the core main line, with pre-notification of pre-encumbering, order landing algorithms, semiconductor taps

2. A balanced configuration of the warehouse, using innovative drugs for mid-line defence and short-line arbitrage with a breakdown of resources

3. Abdication of pure subject matter and a firm attempt to avoid three small votes without merit, logic and funding

4. Follow the market's wheeled rhythm, without prejudging the rise or fall, only the industry andFinancial flows；

5. Fear of structural behavior, which is less than full time, earns money from excessive earnings on the main line, rather than gambling。

V. The method of physical exercise by ordinary people: the august course, stylish precision

If you don't talk, you'll get a real-life strategy that'll go straight to the ground and fit for august

Core offensive tracks (calculative hardware, semiconductor)

• concealment: only core markers with real orders, with good news and reasonable location

• avoidance of direction: purely conceptual hot spots, high-level overdrafts for future performance, low-capacity tickets

• operational tempo: backsliding low-sniffing, low-sniffing, high-level differences and decisive reduction, with patient bands with core trend markers。

2 mid-line trend track (innovation drug)

• advantages: low valuation, institutional silos, full profit and continuous improvement in performance

• operations: when the batch layout is adjusted, the middle line is held, and no frequent short-line manoeuvres are made and the double dividend of valuation recovery + performance growth is received。

3. Structural rehabilitation of tracks (supply of shrinking resources)

• core: only a breakdown of production capacity, price stability and not a full-cycle layout

• rhythm: short-line game is the main game, so that it can be collected without long-term heavy playing。

4. Secure defense tracks (finance, high dividends)

• positioning: a combination of risk avoidance tools that do not pursue elasticity

• application: differentials, configuration when the main line shocks, used to reverse hedge accounts and stabilize returns。

General space discipline

The total position is neutral, with no single track and no disgruntled games; when the main line is wheeled fast and divided, the main line waits and waits properly, and when the market is clear, the market moves。

Vi. Risk avoidance analysis: four hidden risks in august, pre-emption of losses loss

1 risk of high valuation digestion: some of the technology poles have already overspent for future years, and if they fall short of expectations, there is probably a significant return on valuation

2. Risks arising from the problem foams: when the turnover is increased, the climate of short-term speculation rises, and the short-term vote is ready to run away and retreat quickly

3. Risk of cyclical demand weakness: weak overall manufacturing demand, lack of full-scale cattle markets on cyclical plates, high-speed blind pursuit and high vulnerability

4. Risks of speed-triping: the august plate is extremely fast, frequently follows up and falls, and can easily be hit in the face and sustained loss。

Vii. A summary of the advancements in relationships

I would like to say the most true thing about the logic behind the $268 trillion in days:

In august, unit a was never an index and an excellent performance choice。

Liquidity pushes the market so that we do not have to worry about the systemic collapse; the market filters the performance report and helps us to eliminate all false growth waste; and the industry trends direct the market to concentrate profits on four core lines。

The future of unit a will become increasingly polarized: core assets with orders, performance and industrial logic, with continued innovation and marginalization of pure stories, pure subject matter, unsupported small votes。

At the heart of the profits of the stock market is never the rise or fall of the gambling index, but rather the appreciation of the market's main line priorities, its upward orientation, its merit-based layout and its strict risk management。

The excess gains in the august market can only be stabilized by abandoning the old thinking of win-winness, accepting new rules of structural behavior and focusing on real growth that can be realized。

Interactive discussion

One, are you holding a hold, or are you stepping on the main line of technology, innovation medicine, or are you still holding a cold low-end ticket

After reading this flash drive, which of the main lines in august you think has the highest level of certainty about money

3. Do you choose a stock that is more industry-oriented or faster than short-term performance

You're welcome to share real ideas in the comment area, to praise the collection, and to follow up with the continued dismantling of "a" main line wheeling, mid-strikeing, track-drying, and to take every round of structural opportunities with precision

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