On October 29, 2026, the Buffett Index (total market capitalization of A-shares/GDP of the previous year) was 83.46%, continuing to fluctuate near the low point since November last year, which was refreshed this week; the equity risk premium (ERP) of the CSI 300 Index fell to 6.05%, a new two-week low and approaching the key level of 6%. Pay attention to whether the recent upward trend will be broken.