2026-01-18 15:23:11

This weekend, the A-shares market released several key signals, shifting the market tone from "crazy bull" to "slow bull," with a clear slowdown in pace. After the peak on Monday, the market began to cool down continuously, mainly due to the national team's broad-based ETF experiencing a record weekly net sell-off of up to 200 billion, highlighting the strong pressure to suppress the market.

Looking at sector rotation, hot money has recently concentrated on commercial aerospace, robotics, and brain-computer interfaces. There have been many news updates in commercial aerospace—CASC completed its listing guidance and has entered the acceptance stage, and five commercial aerospace companies have all started IPO processes. The robotics sector is also active; during the Spring Festival Gala, humanoid robots will be used, and Airbus has signed contracts to purchase humanoid robots for factory manufacturing. Progress in brain-computer interfaces is even more rapid—Neuralink's latest development revealed that the first test subject can upgrade the interface without surgery, similar to OTA updates in the automotive industry.

However, there are many hidden risks behind this rally. Speculative capital, quantitative trading, institutions, and leveraged funds have driven a lot of bubbles, with concept stocks that previously hit the daily limit now experiencing widespread one-word down limits, indicating rapid risk release. Additionally, with the earnings season approaching, Longi Green Energy is expected to report a loss of 6 billion, and Tongwei Co. is forecasted to lose 9-10 billion. These figures will be important references for subsequent trading.

Regulators are also sending signals—CITIC Securities believes that current policies demonstrate a firm resolve to curb thematic speculation in a timely manner, and the emphasis on performance is beginning to rise again. This suggests that the space for pure concept speculation is narrowing.

Next week’s key focus is whether the market can stop falling and stabilize. If the leading sectors like commercial aerospace and AI applications continue to experience widespread limit-downs, the recovery space will be very limited. The market’s simplest demand right now is: just don’t let the market continue to plummet like this.

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HodlTheDoor

· 01-21 15:19

The national team sold off 200 billion in one go, which means they're saying stop playing around, really.

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LayerHopper

· 01-21 06:36

The crazy bull turns into a slow bull, with the national team dumping 200 billion yuan, this pace has indeed been suppressed. The hype around commercial aerospace, robotics, and brain-machine interfaces... probably will cool off for a while. The one-word limit-up turning into a one-word limit-down, the hot money really knows how to play. Once Longi and Tongwei's performance is released, how can the concept stocks hold up? No one believes in just storytelling anymore. It's good enough if it can stop falling; just don't let it plunge all the way down.

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MagicBean

· 01-20 16:22

Crazy bull turns into slow bull, the national team directly pushes 200 billion, this move is really ruthless It's another vicious cycle of concept hype, a one-word limit-up instantly turns into a one-word limit-down, this wave of cutting is probably targeting new retail investors again Robot brain-machine interfaces and commercial aerospace all have to wait for the annual report season to be tested, Longi Green Energy started to panic after a projected loss of 6 billion Pure concepts have no more room, performance must speak for itself, otherwise it wouldn't be surprising if it continues to plummet next week Honestly, the scale of this bubble is a bit large, quant-driven speculation by hot money requires someone to take the bait, and risk is released very quickly Whether it can stop falling and stabilize depends on these few days, if it continues to hit the limit-down, the recovery space will be really limited

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retroactive_airdrop

· 01-18 15:52

The bull market has slowed down to a slow bull, and when the national team invests 200 billion, the market becomes timid. This pace is truly outrageous.

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PebbleHander

· 01-18 15:51

200 billion suppressing the market, the national team is really playing hard. Once it starts, it can't be stopped at all.

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LightningClicker

· 01-18 15:43

The national team sold off 200 billion directly causing a plunge; this move is indeed ruthless. The crazy bull has slowed down, and the slow bull simply can't stop. Neuralink's OTA upgrade sounds impressive, but now more people are cutting losses. Commercial aerospace hits the limit down across the board. It's both a bubble and a loss. Longi Green Energy pre-loss of 6 billion, Tongwei pre-loss of 10 billion. This earnings season might see blood flowing in rivers. Stop messing around. Just hope that next week won't see another catastrophic plunge.

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GasFeeSobber

· 01-18 15:35

The crazy bull has turned into a slow bull, with the national team pouring 200 billion in one go... The pace has really slowed down, and the speculative bubble of hot money should be cleared out.

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MondayYoloFridayCry

· 01-18 15:34

Is this the same routine again? The bull market turning into a bear market, basically just a different way of cutting leeks. 200 billion net sell-off, the national team has really let go this time. Commercial aerospace, robotics, brain-computer interfaces... all sound exciting, but they all hit the limit down, are the speculators getting tired of playing tricks? Longi and Tongwei, these two pre-loss figures are hilarious; once the annual report season arrives, all the true colors are revealed. Pure concept speculation really has no future; regulators are still playing tough. If the market continues to plummet next week, I might really consider getting out. A rapid decline with no stopping, who the hell would still dare to chase?

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AlwaysQuestioning

· 01-18 15:32

Is it the national team selling again? 200 billion really can't hold up, it feels like this wave is truly going to be shaken out.

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