After "Britain Off Europe", The Market Began To Look Forward To Letting The Central Bank Release Water Again.

Although the possibility of raising interest rates in the US has been greatly reduced, the depreciation of the pound against the US dollar and the depreciation of the euro against the US dollar will be a trend.

The fluctuation of the RMB against the US dollar was aggravated in late June, and the central parity of RMB against the US dollar continued to brush off a new low.

At present, the only gratifying thing is that

Expectations have not yet been strengthened, but they still need close attention.

In terms of monetary policy, after the "Britain off Europe", the market began to expect the central bank to release water again.

However, pformation is the primary task of the current economy.

In addition, the discharge will affect the stability of the exchange rate. Under the managed floating exchange rate system, once the exchange rate fluctuates, foreign exchange will flow out.

The reduction will affect the basic currency and the asset price.

In addition, the impact of Britain's off Europe on the British economy is gradually emerging.

Britain's three major real estate funds have been suspended for a long time, so that investors' assets of up to 9 billion 100 million are locked.

The Domino effect continues to spread, and market risk aversion is heating up again.

The last question is whether the stock price reflects the black swan. "Retreat Europe" is an unprecedented event in human history, and there is no "learning effect" for investors.

Therefore, it is impossible for the stock market to reflect the real impact of "retreat Europe" in the future. Such a significant event can not be reflected in the A share market all day.

From the point of view of domestic economy, the data of other investments are lower than those of the original market except that the industrial added value is slightly beyond expectations. Especially the real estate data need our attention.

Real estate sales are starting to show signs of weakness in real estate investment.

From the high frequency data we are tracking in June, economic demand is weakening again.

In addition, Britain's off Europe itself can be seen as the rise of trade protectionism, which brings great uncertainty to China's foreign trade in the future.

At the micro level, with the announcement of the Quarterly Bulletin, the hot topics such as small and medium sized boards and gem will be tested.

This is why eating quotas in July will be difficult to achieve.

Therefore, for prudent investors, what we need now is prudence rather than blind optimism.