The stock market is an economic barometer. In China, this view is not valid.

what is a barometer? It is a barometer to predict the weather. The barometer obviously predicts the recent weather changes, not decades later. Looking up the historical data, we can find that the stock market is not a barometer of the economy at all, it can't predict the economic development and changes at all, and it is very inconsistent with the economic development trend.

at present, China's stock market is obviously difficult to be an economic barometer, which is related to major institutional changes and cannot be explained by macroeconomics. On the other hand, it happens that China's economy is in the decline range of growth rate and the policy is tightening, which causes psychological pressure on investors, and the immature stock market is too sensitive. In addition, the stock market analysts are not in place enough, and the stock market performance is sluggish.

The statement that the stock market is an economic barometer is very unreliable. The collapse of the big bull market can induce an economic crisis, which may be one of the bases for saying that the stock market is an economic barometer. But after all, the big crash is rare, and the performance of the stock market is not in step with economic development most of the time. The frequent deviation between the stock market and the economic situation is really difficult to support the "barometer" view.