摘要：It’s only a few weeks into 2025, the overwhelming majority of the savvy levelheaded perspicacious risk control pundits grew more f

It’s only a few weeks into 2025, the overwhelming majority of the savvy levelheaded perspicacious risk control pundits grew more fretful about whether a new bout of market carnage is looming. It’s very palpable that the already beleaguered domestic equity markets had an insipid week because a spate of headwinds weighed upon the upward trend. All three major stock indexes ended the week lower, with the benchmark Shanghai Composite Index tumbling 1.91%, the Shenzhen Component Index plunging 2.89% and the tech-focused ChiNext Index plummeting 3.03%. Just to review, the mega-cap financial sector jumped on Monday, all of sectors made a remarkable resurgence on Tuesday, the small-cap tech stocks climbed on Wednesday, all three major stock indexes remained in a narrow range of volatility on Thursday and all of sectors fell across the board in the last trading session of this week. To add insult to injury, all three major stock indexes notched the biggest daily drop since October 9 and fell below 5, 10, 20 and 30-day moving average in succession as of this Friday, underscored market confidence was entirely undermined. In the meantime, an army of the paranoid market anticipants also have been cogitating deeply about whether a 6-trading-session bull market began September 24 may be over. Indeed, a batch of the previously impetuous retail investors have been circumspect about the next week’s market run as well after yesterday’s market rout. It’s no surprise that a broad-based market tantrum appeared to have vexed a flock of callow gullible neophytes who have been gearing up for the reinstatement of an epic rise. With that in mind, a myriad of the impenitent stouthearted financial consumers have been sufficiently contrite for investment in domestic stocks. Nowadays, it’s hard not to draw the conclusion that the notion of the reinstatement of a new bull market has been vehemently denied when the economic fundamentals have not yet substantively improved, at least tentatively. Notoriously, the breadth of market rebound has broadened this month, so target, theme and trash stocks rose broadly in the backdrop of supportive policy. Therefore, some narrative-driven profitless stocks, might have gotten a bit of inflow, may continue to outperform the others when the policymakers loosened the regulations. Truth be told, the anticipation of recombination is heating up, even though the prices of the trash stocks remained in a bubble. More worriedly, it’s really just a reminder that the trading volume will continue to contract when some investment juggernauts have been taking profits and the hot money has been cashing out.

来源：永远为你而跳动