Financing has resulted in more funds, and people in the stock market generally pay attention to blue-chip stocks, so most of these funds will flow to blue-chip stocks, causing blue-chip stocks to rise falsely.

The emergence of a blue-chip stock premium means that blue-chip stocks are rising. Small-cap stocks receive less attention than blue-chip stocks, so I won't mention it.

In addition to stock premium, the term premium also includes circulation premium, risk premium and other terms.