The stock market outlook looks bleak.

U.S. inflation shows no signs of being brought under control.
While a rate hike in December was somewhat expected,
we have now heard the first mention of a "big step" (50bps) hike within this year from a Fed Governor.
Yesterday, before the CPI announcement, Fed Governor Waller stated that a big step could occur if the core index came in above 0.3, and the result ended up being above 0.3.
Waller is well known for being hawkish, but if a big step hike becomes a reality, the stock market is going to have a very difficult time.
Looking at the investment deficit reported by SoftBank yesterday is also quite gloomy, and the expected scale of the Anthropic IPO has been significantly adjusted down from $2 trillion to $1.5 trillion.
On top of this, the noise surrounding AI leader Jensen Huang is having a substantial impact on the industry.
Personally, I am an AI optimist,
but the market itself is not easy.
I still don't think AI is a bubble,
but it is very frustrating to see that its momentum inevitably seems to be losing strength in the face of inflation.