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And this passage also added the word "extraordinary countercyclical adjustment", which appeared for the first time in history! Note that this is also the first time, and supernormal means exceeding expectations!How to judge whether it is less than expected? It is very simple. If the high-end large-cap stocks such as banks, oil and coal rise, it will be bad. If the large-cap stocks rise and the index rises (28 differentiation), but the small and medium-cap stocks do not rise, it will also be bad. This is the big money to pull the large-cap stocks up to cover the shipment of individual stocks. And vice versa.And this passage also added the word "extraordinary countercyclical adjustment", which appeared for the first time in history! Note that this is also the first time, and supernormal means exceeding expectations!

What do you think of the so-called bull market of A shares?"Implement a more proactive fiscal policy and a moderately loose monetary policy, enrich and improve the policy toolbox, and strengthen unconventional countercyclical adjustment."Secondly, the change from "prudent" to "moderately loose" in previous years is a major change in the caliber of monetary policy. Moderate easing was last proposed in 2010, and our caliber in the past 14 years has been consistent and steady. No matter how radical the interest rate cuts and RRR cuts are, no matter how loose they look from the behavior, they just don't let go. This is the first change in 14 years, with emphasis on the first time.

Far more than expected, the bull market is slower.So what do you think of the day that exceeded expectations?In my opinion, in terms of capacity, today's science and technology innovation board is not as good as Beijing Jiao Tong 50, but in the long run, it may not be.