The Shanghai Composite Index has reached its highest point since August 21, 2015, hitting a ten-year high. The best bull markets trap the most people ⚠️ This video tells you the biggest difference between A-shares and U.S. stocks — U.S. stocks have β returns; although the index may experience short-term crashes, it generally trends upward in the long term. In contrast, A-shares do not have β returns and are more dominated by an emotional cycle (speculation and trading ability), making profit-taking crucial in a bull market.