3 posts
The M7, semis, the KOSPI, even SK Hynix that we called the new boss all fell together. This is not rotation, it is a cash grab. The mechanics of a deleveraging driven by rate fears, a cracked AI narrative, forced selling, and geopolitics, and whether the power-reversal thesis is dead.
AI-grade HBM swallowed commodity DRAM and flipped pricing power for the first time in 30 years. The past, present, and future of the reversal, Big Tech's chipflation, and the 2028 to 2030 signals for when cost power flips back.
Analyzing the market direction after Korea's regime change. Housing supply expansion and commercial law reform focused on dividend policy are expected to be the key drivers.