The wheel of fortune turns. The fundamentals of this bull market in the A-shares are extremely strong. The state team is in control, aiming to create wealth through a slow bull market in the stock market and stimulate consumption to combat deflation. Playing in the US stock market will be taxed, but playing in the A-shares has no tax. Recently, the scrutiny and taxation of overseas US stock income is a message to retail investors: all return to A. Every ten years is a cycle, targeting 6000 points.