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Elon Musk said Optimus and Grok will someday provide extraordinary medical services to everyone on Earth.

2026-08-21

Elon Musk said Optimus and Grok will someday provide extraordinary medical services to everyone on Earth.

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2026-08-20

As of the 23:00 market close, domestic futures contracts showed mixed results. Liquefied petroleum gas (LPG) rose nearly 2%, while asphalt, fuel oil, pulp, and TSR20 rubber rose over 1%, and methanol and benzene rose nearly 1%. On the downside, cokin

As of the 23:00 market close, domestic futures contracts showed mixed results. Liquefied petroleum gas (LPG) rose nearly 2%, while asphalt, fuel oil, pulp, and TSR20 rubber rose over 1%, and methanol and benzene rose nearly 1%. On the downside, coking coal, rapeseed meal, glass, and polyvinyl chloride (PVC) fell over 1%, and rapeseed oil fell nearly 1%.
2026-08-21

On August 20th, the Buffett Indicator (CSI 300 market capitalization/GDP) rebounded to 92.06%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond ratio indicator, was 5.37%, fluctuating mainly around 5.2% since July, at the lower end of

On August 20th, the Buffett Indicator (CSI 300 market capitalization/GDP) rebounded to 92.06%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond ratio indicator, was 5.37%, fluctuating mainly around 5.2% since July, at the lower end of its fluctuation range since October 2024, suggesting that the current advantage of stocks relative to government bond yields is generally limited. -------- Note: 1. The Buffett Indicator compares the total market capitalization of the stock market to GDP to determine whether the stock market is currently overvalued. Generally, 70-100% is considered a normal valuation, below this range is considered undervalued, and above this range is considered overvalued. 2. The risk premium (ERP) of the CSI 300 Index is mainly compared with the returns of the CSI 300 and the yield of government bonds. Statistics from the past 10 years show that this indicator has a clear inverse relationship with the stock index. Every time the stock market is in the bottom area, the risk premium exceeds 6%. That is, when ERP ≥ 6%, the stock market has investment value, while when ERP ≤ 4%, the stock market is often close to or at a stage high, the investment value is low, and there is even a risk of correction.
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