There is still upward momentum in the second half of non-ferrous metals

Recently, in Liangmao ** sponsored investor education activities, Liangmao ** analyst Wang ** believes that the monetary policy tightening in the second half will be eased compared to the first half, the future A-share market and non-ferrous metals are There is also an upward momentum.

In the middle of the year, although the pace of the year-on-year rise in CPI has not yet ended, government agencies and the economics community have more expectations for peaking CPI. Then the expectations for monetary policy relaxation in the second half of the year have also been strengthened. “From this point of view, the future A-share market and non-ferrous metals will also have rising momentum. In addition, the non-ferrous metals ** itself has a high degree of financial attributes, while the July 25 drop has hit the stock market but has not changed. The rising trend characteristics of metals** indicate that in the ** market, funds are relatively optimistic for the future, and in turn, they do not need to be too pessimistic about the stock market,” Wang said.

Wang ** believes that domestic monetary tightening cannot always be relaxed. One of the important reasons is the US dollar. Judging from the economic data released in June, the problem of unemployment still plagues the U.S. economy, and inflation is at a relatively low level, which greatly increases the possibility of the Fed launching QE3. If the Fed introduces QE3, then domestic tightening monetary policy will continue, but the tightening force may not be able to have more room for development, because the domestic real economy is already difficult to withstand more tight liquidity, so it seems that if it is QE3 is really introduced, non-ferrous metal prices may have a short-term adjustment, but gradually will return to the upward trend.