niall ferguson digital currency, Overview

Second, the peripheral stock markets fell across the board. Yesterday, Hong Kong stocks rose by more than 2.5%, but today they surged back. The FTSE A50 rose by more than 4.6% yesterday and fell by nearly 3.5% today. A-shares did not follow up, but followed down. That was one set after another.Our market is too dependent on policies, which always leads to being used by people. In particular, every time the policy is issued after the A-share market closes, the consistency expectation is too strong, and it often goes high and low every other day! The greater the gain, the more the loss. It's really amazing.

Second, the peripheral stock markets fell across the board. Yesterday, Hong Kong stocks rose by more than 2.5%, but today they surged back. The FTSE A50 rose by more than 4.6% yesterday and fell by nearly 3.5% today. A-shares did not follow up, but followed down. That was one set after another.First, domestic capital continues to smash today. Yesterday, the domestic capital outflow was nearly 70 billion yuan. Today, there was only a small inflow at the opening, followed by a continuous outflow, which simply could not be sold out!Strictly speaking, yesterday's positive is relatively large, but today's market trend is still refreshing. Every time the market appears positive, it is an opportunity to escape. This has been deeply rooted in the hearts of the people in the A-share market! It is an ancestral secret recipe passed down from generation to generation, and it is fulfilled again today for three main reasons:

In addition, the trading hours of A-shares and Hong Kong stocks do not correspond, which is also the main reason that affects the market trend in the later period, because many blue-chip stocks are listed simultaneously in Hong Kong stocks and A-shares. When the news comes out, Hong Kong stocks are still trading, and large funds can open options in Hong Kong stocks to do more. The next day, they will sell short in A-shares and take it all!Strictly speaking, yesterday's positive is relatively large, but today's market trend is still refreshing. Every time the market appears positive, it is an opportunity to escape. This has been deeply rooted in the hearts of the people in the A-share market! It is an ancestral secret recipe passed down from generation to generation, and it is fulfilled again today for three main reasons: