Financial encyclopedia

After the Hang Seng Index fell to 19,000, it hit a three-month low, fulfilling the curse of "five poor and six unique"?

As an investment proverb in the stock market, "five poor, six absolutely and seven turning over" means that the stock market fell in May, bottomed out in June and rebounded in July. The data shows that since 2000, there is a nearly two-thirds chance that Hong Kong stocks will fall in May, and the "five poor months" do have a tendency to be weak.

The reason why HSI had a big opportunity to go low in May:

After the performance period in March, many blue chips were eliminated in May one after another, and some blue chips were eliminated and then dragged down the Hang Seng Index.

After the peak performance in March, if the performance is satisfactory, the speculative performance funds have boosted the market in April, and there will be a performance window in May, arbitrage activities or lack of new good news support, and the funds will be temporarily withdrawn.

If the corporate performance in March is generally worse than expected, the weak market situation may continue from April to May.

Another reason that may make the stock market weak in May is that the two sessions in China are generally held in March, and the relevant policies to support the economy have been decided and introduced one after another. May is usually the off-season of policies, so the stock market also lacks upward momentum.

Some psychologists have analyzed that this may be the "self-realization prediction" of investors, which prompted the market to fall.

When people have a preconceived judgment, it will affect their behavior until this judgment is realized.

Although the trend of Hong Kong stocks in May has indeed been weak over the years, as for whether it will be "six unique" or "seven turnaround".

Relying on slogans to formulate strategies is too simplistic for the market. No matter what products you invest in, there are different internal and external factors behind it, so we should pay more attention to fundamental, technical and policy changes.