Everything Can Be AI
Today is Children's Day, and I wish you all a happy Children's Day!
The things that can remain forever youthful, A-shares should have its place, after all, you often see the big board rise to 3000 points.
Today, the big board opened low and then rose and fell, with the ChiNext Index relatively strong.
Creative board
As of the close, the Shanghai Composite Index rose by 0.00%, the Shenzhen Component Index rose by 0.39%, and the ChiNext Index rose by 0.59%.
Many stocks rose and few fell, with over 2,500 stocks on the two markets rising, trading volume of 98.66 billion, an increase of 47.8 billion compared to yesterday.
The northbound funds continued to maintain net outflows, with a total of 18.02 billion yuan sold today, including 36.07 billion yuan sold by the Shanghai-Hong Kong Stock Connect and 18.05 billion yuan bought by the Shenzhen-Hong Kong Stock Connect, selling in the main board and buying in the ChiNext.
The reason for the big board's rise is said to be due to the Caixin PMI data exceeding expectations. The Caixin PMI and official data are not too different, with the Caixin PMI survey sample biased towards medium-sized enterprises and private companies, which has a certain representative significance.
Another thing that happened today is the appearance of high trading volume, with trading volume again approaching 1 trillion, the momentum is still good, but it's not perfect, there are still people who want to sell after a rise.
The way to eliminate this concern is either to reduce trading volume and take profits or to continue increasing the trading volume and making gains.
In this position, I'm not too pessimistic but also not too optimistic, just keep observing for a few more days.
The concept stocks in the AI industry continued to be active, with application and model direction leading the rise, many AI concept stocks appeared with a rise and fall trend during the afternoon. MR concept stocks rose sharply at the open, brain-computer interface concept stocks rose again, and agricultural stocks showed unusual movement.
The declining sector was traditional medicine, which adjusted downward.
I'm still trading in AI.
After Beijing and Shanghai, Shenzhen also released a policy supporting AI: "Shenzhen's Action Plan for Promoting the Development of Artificial Intelligence High-Quality Applications (2023-2024)".
This morning, I saw some data saying thatUS stocks are also trading in AI this year, excluding AI concept stocks, the Nasdaq 100 Index's year-to-date performance is not much.
NVIDIA's market value has already exceeded $1 trillion.
To the point that there is this joke:
New energy revolves around Tesla, AI revolves around NVIDIA, consumer electronics revolves around Apple.
US stocks are buying certainty, and A-shares are buying imaginative certainty.
Then, I'll talk about today's operations: Buy 1 basket of pharmaceutical ETF.
Today is the 44th time that Niu Laifu has invested in a basket, with an automatic investment of RMB 1,000.
Currently, the total investment is RMB 50,000, with a cumulative return of -RMB 277.03 (as of May 31st).
After upgrading to a wealth management portfolio, Niu Laifu has been running for 399 days, with a cumulative return of 2.99%, a maximum drawdown of -3.76%, and an annualized return of 2.82%.
Today, I reached the target of RMB 50,000, considering overall asset allocation and cash flow arrangements, Niu Laifu plans to invest every week, with the same investment amount, and continue to update portfolio returns on investment days. Welcome everyone to supervise and join in.