At present, the total market value of the US stock market is more than 300 trillion, including many foreign companies. This specific value has never been seen before, and it is roughly estimated to be close to 100 trillion, which means that the proportion of US stocks in US GDP is now overestimated by about 150%.

The total market value of China's U.S-listed Shanghai, Shenzhen and Hongkong stock exchanges and China stock exchanges has far exceeded 100 billion yuan, accounting for more than 100% of GDP.

From the perspective of market funds, the establishment of GEM has led to the diversion of funds. In the past three years, the main direction of funds focusing on new energy, semiconductors and biomedicine has mainly focused on GEM, so GEM has gone out of a wave, and this diversion of funds will also have an impact on the trend of the broader market, making it difficult for the broader market to successfully break through the triangular arrangement.