Jacob Manoukian, head of U.S. investment strategy at J.P. Morgan Private Bank, says AI will drive the earnings supercycle again this quarter. He expects the S&P 500 to post earnings growth of around 30%, following last quarter's similar pace, with semiconductors at about 150% and the broad tech sector at about 70%. He describes the late-last-week rotation into unloved sectors as a positioning trade driven by shifting perceptions of how fast private model labs are growing. He argues that the steady stream of negativity, from low-cost Chinese models to regulation and data center moratorium concerns, has instead contained valuations and enabled upside surprises. He says a positive feedback loop could emerge in which proven data center ROI at hyperscalers reinforces confidence that the infrastructure build can last longer. He notes that semiconductor names trading at a discount to the market and their own average multiples reflect expectations of a material deceleration, and that upward revisions to hyperscale capex could be the catalyst starting this quarter. Beyond AI, he stays positive on beneficiaries of inelastic spending tied to geopolitical fragmentation and on bank earnings. All directional outlooks are the speaker's conditional judgment and do not confirm any short-term price prediction.

CNBC Television

The AI-Led Earnings Supercycle

The Wall of Worry Behind Outperformance

Earnings Expectations and Regulatory Headline Risk

Spending Cycles Beyond AI: Banks and Energy

JPMorgan's Manoukian: We Believe in AI Outperformance

He says after a weekly long black candle and 3 days of capitulation selling into a Friday lower wick, the market never lets would-be cheaper buyers back in. He stresses the historical pattern that midterm and Iran war fears pass without touching big-tech earnings like Nvidia and Apple, with stocks rising after elections. He advises beginners to hold 30 to 50% cash in index ETFs bought in 5% steps, expecting stocks to rise as rates fall from an S&P 500 PER of 19. He presents a viewer-count fear-gauge idea plus Buffett and Ramsey's long-term goals and consistency principles. He reports margin loans of 33 trillion plus 7 thousand hundred-million won and 129 hundred-million won in forced sales, warning of a forced-selling domino. He goes half-and-half on chips, negative on commodity names citing the 2018 profit-collapse precedent amid an artificial supply-cut versus demand debate, positive on HBM. He expects the market not to fall back to prior lows, citing PBR and book-value floors. All directional outlooks are the speaker's conditional judgments and do not confirm any short-term price forecast.

Chesley TV

When You Try to Buy Cheaper, the Market Gives No Chance | Chesley Investment Advisory Executive Director Park Se-ik [Wamaesinbak / 26.10.16 Fri]

Park Hyun-do interprets Saudi-Houthi confrontation through Yemen’s political, religious and regional divisions and Iranian-Saudi competition. Military superiority does not ensure airstrikes achieve political objectives; he discusses asymmetric losses, terrain and escalation. He argues US incentives for direct intervention have changed and considers limits to Saudi Arabia’s alternative security partnerships. He links Neom, sports, tourism and non-oil transition plans with fiscal resources, security and outside investment, not oil prices alone. He connects differing US and Iranian definitions of victory with sanctions, China and maritime routes, presenting prolonged-war and regional-spillover scenarios. Some discussion conveys Iranian reporting and perspectives; claims about regimes, casualties, flights, agreements, fiscal figures and intentions remain distinct from independent verification. Maritime bottleneck risks are conditional scenarios, not certain predictions of global collapse, oil prices or the end of war. All directional outlooks are the speakers’ conditional judgments and do not establish a definitive short-term price prediction.

Knowledge Inside

5 Reasons Saudi Arabia Feels Let Down by the US | Knowledge Class EP.31 with Professor Park Hyun-do

The broadcast reports a KOSPI and KOSDAQ rebound and modest foreign cash buying, but sees insufficient confirmation of a trend reversal given late weakness, turnover and futures selling. It discusses near-term Samsung and Hynix leadership and company-specific issues, while gift, listing and overseas-pressure reports are not proof of price manipulation or settled policy causation. Lower yields may reflect weaker AI investment expectations or a reversal of excessive yield increases, so corporate bonds, CDS and flows should be checked together. It explains semiconductor equipment strength through TSMC and ASML demand and spending, but demand expectations, execution and cash collection differ. It considers breadth into biotech, robotics, power and consumption, distinguishing known catalysts, when prices reflect them and trend changes. It interprets Fed remarks as data-dependent rather than a promise to hold rates and warns against excessive optimism. Later stock examples and staged-buying criteria are personal opinions, not guarantees of returns, bottoms or a link between fear and profit; advertisements, daily figures and caption errors require separate checks. All directional outlooks are the speakers’ conditional judgments and do not establish a definitive short-term price prediction.

3PROTV

Market Close, Month 10 Day 16: Why a 2% KOSPI Rebound Was Not Enough—Foreigners Turn Net Buyers, but Caution Remains | Hong Seon-ae, Lee Gwon-hui, Kim Jang-yeol | Closing Bell Live

It reports Tesla unveiled a gas-thruster next-generation Roadster at a Texas test site, demonstrating jumps over cars and a mid-air landing. It says the car does 97 km/h from standstill in 0.81 seconds, drives 1000 km per 1 charge, with mass production from 2028. It notes doubts over urban safety, rules, and liability, while emergency uses like rollovers and bridge falls are also raised. It introduces the view that the Roadster is a symbolic tech showcase with limited earnings impact. It covers Tesla-SpaceX merger talk, the shareholder meeting schedule, AI vertical-integration value, and 5 hundred-million plus 7300 ten-thousand dollars in intercompany sales. It covers claims that Starshield speed caps disrupted Ukrainian operations and Musk's rebuttal. It concludes Tesla beat expectations with about 48 ten-thousand plus 6000 deliveries in Q3 of 2026, but sustained sales recovery and autonomy and robot monetization are the key. All directional outlooks are the speaker's conditional judgments and do not confirm any short-term price forecast.

Sensor Studio

Tesla Has Finally Gone Mad... The Reason It Strapped a Rocket to a Car

The conversation is optimistic about AI adoption and productivity through experiences with agents, personalization, delegated payments and token demand. These are speakers’ experiences; company statistics, product names and access conditions are distinct from independently verified general facts. Discussing high rates and a capital bottleneck, they propose that separating and allocating data-center development risks could attract funding. Measuring, pricing or transferring risk does not eliminate it or guarantee repayment, and cited returns are expectations. On listings and valuation, they speculate that narratives such as scientific discovery could support high multiples alongside revenue. They discuss long-term chip demand and reports of Tesla facilities and hiring as possible competitive changes, while acknowledging further verification is needed. Their closing fear-driven buying philosophy, staged responses and search for leaders are personal investing views, not a rule that greater fear guarantees greater returns or instructions to execute a trade. All directional outlooks are the speakers’ conditional judgments and do not establish a definitive short-term price prediction.

Lee Hyo-seok Academy

“You Invest When It Feels This Frightening”: Surviving as an Investor in Unstable Markets | Park Se-ik [Part 2]

He says gold is flashing a long-term golden cross on the daily chart, opening a low zone for staged entries. With Chair Kevin Warsh offering no rate direction, he explains the market feels less burdened and a broad rebound is coming off bottomed short-term gauges. He sees TSMC, despite strong earnings, needing to hold 400 dollars after breaking 450 dollars to rechallenge resistance. He calls SOXX a technical-bounce setup on its short-term golden cross, mentioning short-term SOXL use and a bounce at the 105-dollar baseline. He says SpaceX and Tesla, rebounding off 150- and 352-dollar supports with merger talk, eye 380 to 400 dollars. He claims Nvidia, Intel, Qualcomm, and financials are also technical-bounce candidates on golden crosses and supports. He urges index accumulation with leverage, stressing buying bottoms on the premise of an ever-rising US market. All directional outlooks are the speaker's conditional judgments and do not confirm any short-term price forecast.

Kim's US Stocks

If You Miss This Now, You'll Regret It for Life... (SOXL, Gold, Nvidia, Tesla, SpaceX, Intel

The broadcast argues that a limited rebound in Korea, Taiwan and Japan does not establish an end to AI-related volatility. Strong capital expenditure and corporate results are known, while questions shift toward financing and final demand outside the circular investment ecosystem. It interprets the Fed chair’s failure to sound more hawkish after hot CPI and PPI as lowering hike expectations and affecting risk assets. The probabilities mentioned are contemporaneous market estimates, not settled policy decisions. It reports Indonesian equity and currency weakness and an MSCI classification review, without independently establishing an official index decision or current country status. It argues concentration in a few countries makes AI exposure hard to escape in emerging markets. Rebound figures, policy expectations, index data and caption errors in AI, names and market labels require separate checks. All directional outlooks are the speakers’ conditional judgments and do not establish a definitive short-term price prediction.

Bloomberg Television

Asia Tech's Muted Rebound Shows AI Doubts Persist: Market Analysis

Director Park Se-ik of Chesley reviews the crash through viewer comments and newspaper briefings in a 70-minute show. It covers weekly candles, selling-climax psychology, the three (3)-day speech rule, and practicing 100 hundred-million-won fear buying. It explains July (month 7) trauma plus midterm and war views through history while urging index scaling. It previews a rebound call on a 6,500 recovery with happiness philosophy and leverage warnings. It recaps the KOSPI -7.57% plunge, circuit-breaker history, and the triple shock. It reports 33 trillion won in credit, forced-selling surges, split experts, and AI concentration risk. It closes with millionaire investing rules and a half-half take on the 7 man Samsung and 20 man Hynix debate. All directional views are the speaker’s conditional judgments and do not settle any near-term price forecast.

’7 man Samsung and 20 man Hynix are fair,’ the remark that silenced analysts | Director Park Se-ik of Chesley Investment Advisory [Womae Sinbak / 26.10.16 Fri]

On Infomax Live, Kim Minsu, Seo Yongwon and Lee Jinwoo discuss responses after 7 straight down days and the July (month 7) trauma. They review the Nasdaq 55 month line rebound, Goldman tech fund losses and the Philadelphia Semiconductor contrast, plus Korea's July (month 7) low test and a double bottom scenario. They treat chips as a sale to stockpile while watching defense and parts makers, checking the KOSDAQ 780 line and biotech bounce. They report broken sentiment despite Hyundai Motor's 0.64 times PBR, foreign trillion won scale dumping, box breakdowns and strategic selling. They stress cutting when the box breaks and separating trading from stockpiling. They explain 97 trillion won in deposits, 33 trillion won in margin, the opening auction limit down pattern and half past 2 futures and CFT flows. They advise watching next week through a one week gap until big tech earnings from October (month 10) 28 and cover the memory pounding, the dip below 5200 debate, FX losses, SK Innovation and shippers. All directional views are the speakers' conditional judgments and do not confirm any short term price forecast.

JPMorgan's Manoukian: We Believe in AI Outperformance

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