An important situation! Today's market is accurate. The rebound should last for a few days. There are three reasons.

First, the management intervened in ETFs yesterday. The 300 ETF was 1.9 billion the day before yesterday, and it reached 6.4 billion yesterday. The management generally intervenes directly with funds, and the market will rebound for about a week. Whether it is a big rebound or a small rebound, at least the intervention funds have arrived. It is a clear call to the market that no sharp drop is allowed. Yesterday's trading volume increased by 1,300, and the meaning is very clear.

Second, the US data is very good. CPI has reached 2.9. The mainstream voice in the United States has changed a bit. They think that the United States may not have a major recession. Ordinary people can't say this. But it is true that Buffett's cash holdings set a historical record. If you study the history of the US stock market crash, you will find that the real decline is when the interest rate is cut. But as long as there is no problem with the US system, the US stock market will still go up after it goes down. It has the best technology, military, and the strongest currency. The most awesome university, all the international students in the world stay in the United States in large numbers.

Third, it is rumored that banks will be restricted from investing in public funds and tax benefits will be cancelled. Although some institutions have refuted the rumor, I believe that this rumor is not without basis. If I were the management, I would make this policy immediately, but the public fund wealth management products, money market funds + bond funds add up to 20 trillion, while stock funds are only 3 trillion. Obviously, all public fund institutions buy bonds and currencies. What about the stock market and the property market?

At present, please note that it is still defined as a rebound, not a reversal. This time the market fell differently from any other time in history. This time it is a trust problem caused by the downward trend of real estate, coupled with strong supervision and no reasonable compensation mechanism. It leads to trust problems. Wait for the policy.