Recently, former Bank of Japan officials issued a warning, stating that the interest rate hike might exceed market expectations, and the interest rate could likely reach 1.5%. This news is undoubtedly a heavy blow to us retail investors. The low-interest-rate environment in the past few years has led many to increase leverage. However, once interest rates rise, the profitability of many companies will come under pressure. We should remain vigilant because the market may experience significant volatility in the short term. In such an environment, it's necessary to reassess our investment portfolios and pay more attention to risk management. From a macro perspective, if fiscal stimulus policies backfire, the Federal Reserve may become more cautious in its future policies. Overall, staying alert is necessary. We cannot ignore changes in the external economic environment, and the timing for speculation may no longer be suitable. Shifting to value investing might be a wiser choice.