It turns out I was the one sending money to Xinfa Securities.

This so-called bull market is actually a very clear K-shaped divergence in the overall trend. Sorry, the entire brokerage sector is moving downward in a K-shape. Why aren’t brokerages rising? Is it because of artificially created slow bull conditions, or is the market itself a counter-cyclical bear market? The big drop yesterday and the weak rebound this morning suggest to me that the chips are becoming somewhat scattered, and investor confidence is wavering.

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