iDiMi

Sit and Watch the Wind and Clouds Rise

Personally, I think the four points of analysis by securities firms are all phenomena, not reasons. The analysis of retail investors makes some sense. First, from the perspective of information asymmetry, institutions with tricks get news ahead of the market and flee early. Second, institutions have a large amount of funds, and short-term flight leads to stampedes. In addition, the market has always been concerned about the movement of foreign capital, and the driving effect of the net outflow of foreign capital may have also exacerbated the market stampede.