On October 26, 2026, the Buffett Index (total market capitalization of A-shares/GDP of the previous year) was 84.93%, a slight decrease from the previous day; the equity risk premium (ERP) of the CSI 300 Index was 6.11%, marking the second consecutive day of decline, but still remaining above the key level of 6%. After hitting a 16-month high last Friday, it failed to continue to refresh the year's high. Attention should be paid to whether the upward trend since August will end.