The rising and falling trend of the stock market is determined by monetary policy and the circulation of social surplus wealth. There is no necessary causal relationship between the two, but the conduction meaning of the transaction exists. For example, gold rises under the forecast of the sharp depreciation of the US dollar, and the income of companies like Admiralty Gold and Shandong Gold will rise sharply, and the rising performance will bring down the valuation and push up the stock price.