Erotica and Shakespeare
Weekly Market
Period: 20200323-20200329
| Market | Index | This Week (%) | 1 Week Ago (%) | 2 Weeks Ago (%) | 3 Weeks Ago (%) |
|---|---|---|---|---|---|
| Shanghai Composite | 2772.2 | 0.97 | -4.91 | -4.85 | 5.35 |
| Shenzhen Component | 10109.91 | -0.4 | -6.29 | -6.49 | 5.48 |
| ChiNext Index | 1903.88 | -0.58 | -5.69 | -7.4 | 5.86 |
| Hang Seng Index | 23484.28 | 2.98 | -5.11 | -8.08 | 0.06 |
| HSCEI | 920.21 | 3.98 | -5.99 | -9.11 | 0.83 |
| Red Chip Index | 3534.63 | 3.76 | -6.63 | -11.21 | 1.87 |
| Dow Jones | 21636.78 | 12.84 | -17.3 | -10.36 | 1.79 |
| Nasdaq | 7502.38 | 9.05 | -12.64 | -8.17 | 0.1 |
| S&P 500 | 2541.47 | 10.26 | 14.98 | -8.79 | 0.61 |
This week, the three major A-share indices fluctuated at low levels, the three major Hong Kong stock indices rose by 3-4%, and the three major US stock indices rose sharply by 9-13%.
Events
As of Beijing time on March 29, the number of confirmed COVID-19 cases worldwide exceeded 600,000, with 120,000 confirmed in the United States, making it the country with the most severe epidemic situation globally. Under the epidemic, the US federal government deployed military hospital ships and the army to fight the virus, demonstrating its strong military power.
On March 26, the G20 held an extraordinary summit via video. Judging from the communiqué issued, no actual agreement was reached; it was more like a joint PR event for the G20 economies.
On March 27, high-level officials held a meeting to set the tone for the epidemic situation and response strategies, focusing on “preventing imported cases from outside and preventing internal rebounds,” and requiring “efforts to complete the annual economic and social development goals and tasks, ensuring the comprehensive construction of a moderately prosperous society and the decisive victory in poverty alleviation.” This also implies maintaining an economic growth rate of 5.6% for the year, “increasing the fiscal deficit ratio and issuing special treasury bonds.” The fiscal deficit ratio for 2020 may be raised to over 3.5%, the special bond quota is expected to exceed 3 trillion, and “guiding loan market interest rates downward.” In addition to lowering the MLF, the central bank may also moderately lower the benchmark deposit interest rate.
On March 27, Hangzhou leaders went to Jingshan Temple for advance inspection. On the 29th, high-level officials went to Zhejiang for inspection and research. For more Buddhist connections, you can read “Meditation at Jingshan Temple on New Year’s Day.”
Positions
A-shares and Hong Kong stocks are at a stage bottom. The bottom positions have been completed, and positions will be added steadily in batches and categories based on the development of the epidemic and the market. US stocks are experiencing sharp rises and falls, with poor money-making effects, so a small bottom position is maintained, with tracking as the main focus.
| Type | Code | Name | Action |
|---|---|---|---|
| Stock | SH603617 | Junhe Shares | Buy |
| Stock | HIMX | Himax Technologies | Hold |
| Fund | F210008 | Golden Eagle Strategy Allocation Mixed | Hold |
| Fund | F519674 | Galaxy Innovation Mixed | Hold |
| Fund | F005311 | Wanjia Economy New Kinetic Energy Mixed A | Hold |
| Fund | F000363 | Guotai Juxin Value C | Hold |
| Fund | F005911 | Guangfa Dual Engine Upgrade Mixed | Hold |
| Fund | F161725 | China Merchants Liquor Graded | Add |
| Fund | F163415 | Xingquan Commercial | Add |
Thoughts
In the famous “Horse Manure Case,” the judge ultimately awarded the manure to the plaintiff based on the case’s impact on future generations and its influence on their behavioral norms. In the section “How to Resist a Mediocre Life,” Teacher Luo Xiang mentioned that when we struggle to choose between reading erotica, listening to Guo Degang, and reading Shakespeare, three things that can equally bring happiness, we might consider: if the library could only leave one book for future generations, which one would you leave?
The two cases tell different stories, but the underlying logic is the same: our genes are encoded to reproduce and make future generations happier, wealthier, and nobler, but we are easily blinded by short-term interests and pleasures, often making wrong choices. If we use a longer-term vision and thinking to make choices, it will be much easier.
Published at: Mar 30, 2020 · Modified at: Dec 4, 2025
