Tomorrow it'll either go up or go down. Hey, that's for sure!
- What to look for
- You can review foreign investors' sales of 200 trillion won and the KOSPI close at 6870 on September (month 9) 29, along with Reuters news of negotiations with Iran and the circumstances behind the late rebound.
- Why it matters
- Understanding the order in which investor flows, interest rates, and geopolitical news are reflected in market indices can help you assess volatile quarter-end markets for yourself.
AI summary
The speaker reports that on September (month 9) 29, the KOSPI closed at 6870 and the KOSDAQ at 849 after a lackluster session with an intraday decline and a late rebound. Citing foreign investors' sales of 6 trillion won over two days and a cumulative 200 trillion over 2 years, the speaker anticipates additional quarter-end selling and greater volatility tomorrow. The speaker examines doubts about AI on the Nasdaq, negative developments involving Oracle and OpenAI, a triangle consolidation in the Nikkei, and the won-dollar exchange rate at 1357. Reporting the US 10 year yield at 5.23, the Korean yield at 4.07, WTI at 93.39, and Samsung holding its 60 day moving average, the speaker views interest rates as the biggest variable. The discussion covers policy retrenchment amid arguments over responsibility for stock manipulation and leveraged ETFs, an outlook for Oracle at 120, CDS, and Japan's 30 year yield at 4 percent. The speaker identifies Reuters news of working-level negotiations with Iran as the backdrop to the late rebound and proposes a tactical purchase of 10 percent. The speaker reviews Australia's rate hike to 4.6, the schedule for core PCE and nonfarm payrolls, and a strategy of holding 40 percent in cash and buying in installments. All directional outlooks are the speaker's conditional judgments, not definitive short-term price predictions.