Under normal circumstances, when the stock market situation is not good, investors will withdraw from the stock market and seek safe investment targets. Bonds are a better choice. A large amount of funds flowed into the bond market, which made the bond market rise. When the stock market is in a good situation, investors' funds will flow into the stock market for investment, which will cause the bond market to flow out and lead to a decline in the bond market. At this time, the performance of bond funds will not be very good.