和讯投顾朱和旺：央妈最新表态，五月云开见月明

Core Viewpoint - The central theme of the articles revolves around the Chinese central bank's commitment to providing ample refinancing support to stabilize the capital market, alongside the role of the China Securities Finance Corporation in acting as a stabilizing fund [1][2]. Group 1: Central Bank Actions - The central bank has indicated it will provide unlimited refinancing support if market conditions deteriorate, emphasizing its commitment to maintaining market stability [1]. - The China Securities Regulatory Commission has reiterated its support for the China Securities Finance Corporation to play a stabilizing role in the market, marking the second mention of this concept in 2023 [1][2]. Group 2: Market Reactions - Despite positive signals from the central bank and regulatory bodies, the market exhibited a high-open, low-close pattern, indicating a lack of enthusiasm among investors [1][2]. - The Shenzhen index experienced a moment of decline, raising questions about whether the market will break above 3400 points or drop below 3200 points [2]. Group 3: Global Capital Trends - There is a noticeable trend of capital inflow into Asian currencies, with currencies like the Hong Kong dollar, Thai baht, South Korean won, Japanese yen, and Chinese yuan appreciating, while the US dollar continues to weaken [4]. - The US trade deficit reached a historical high of $140.5 billion in March, contributing to a negative GDP growth in the first quarter, which has led to capital moving away from the dollar towards Asian currencies [4]. Group 4: Investment Strategies - Investors are advised to align with leading stocks and consider a diversified approach to mitigate risks, especially in the context of current market volatility [5]. - Specific strategies include participating in rebound opportunities near the 21-day moving average of leading stocks and focusing on sectors like robotics and computing, which have shown recent upward trends [5]. Group 5: ETF Performance - The Food and Beverage ETF (515170) has seen a slight decline of 0.67% over the past five days, with a current PE ratio of 21.26 and a net inflow of 211.4 million yuan [7]. - The Gaming ETF (159869) has increased by 4.17% in the same period, with a PE ratio of 53.73 and a net outflow of 636.27 million yuan [7]. - The Cloud Computing 50 ETF (516630) has risen by 5.13%, with a high PE ratio of 97.25 and a net outflow of 939.6 million yuan [8].