After last week's CPI print, inflation expectations eased slightly, while the U.S.–Iran conflict flared up again and the previously-open strait was once more suspended. That said, this kind of escalation seems to occur almost every weekend, and by the time financial markets open it is quickly shrugged off—so I would not advise anyone to be overly anxious; wait until the market opens and it will speak for itself. Faced with this kind of murky, hard-to-read news flow, the best trading approach is to consider the technical indicators alone, and then set the corresponding strategy based on those indicators. Chart: CCTV News — “U.S.–Iran clashes hit civilian facilities across several countries; Iran warns of an all-out offensive” (reported July 19, 2026) I. U.S. equity indices have flipped shor

The global tech-stock sell-off has now run for more than three weeks, and most markets have pulled back to varying degrees. Among them, the sharply-corrected Korean market has even slipped into a technical bear. So is the current decline the eve of a major reversal, or just another routine technical pullback as so often before? Beyond Korea, Japan's market may offer the more valuable reference point. The valuation debate over tech stocks (AI-related) has raged for a long time, and trying to read it from a purely fundamental angle only ends in a dialogue of the deaf. Optimists believe the AI revolution will ultimately arrive; pessimists are convinced the bursting of the bubble is only a matter of time. In truth, for a trader, who is right or wrong is not the point—the point is which moment

Every week, Owen talks through some of the trading opportunities and strategies in the current market that are worth watching. This time we won't dwell on preliminaries and will get straight to the point. I believe there are two main opportunities to focus on this time: First, the crude oil crack spread has now surged to a historic extreme. How to find the right timing to short the spread is a highly noteworthy profit opportunity. Second, U.S. equities are currently stuck in a high-level, range-bound pattern. With tonight's upcoming CPI data as a catalyst, how should we use an options straddle strategy to bet on a return of volatility? This is likewise an opportunity worth exploring. Let's look at them one by one. $标普500(.SPX)$

SK Hynix Hits Wall Street: Real Value or AI Bubble? 🌟🌟🌟 The world's top AI memory chipmaker SK Hynix is coming to the US stock market on 10 July 2026 under the ticker $SK hynix(SKHY)$ .  The company is launching a massive USD 29.4 billion American Depository Receipt (ADR) listing on the Nasdaq, making it one of the largest capital raises in financial history. As the undisputed king of High Bandwidth Memory or HBM, SK Hynix controls 58% of the global market.   It is the vital engine powering $NVIDIA(NVDA)$  AI hardware.  But with tech stocks soaring, investors face a critical question: Is this an overhyped AI bubble, or a permanent shift in what

Will SK hynix ADRs Get a TSMC-Like Premium? $SK hynix(SKHY)$   is expected to start Nasdaq trading on July 10. SK hynix's Nasdaq listing is more than just a new ticker. It could become a real-world test of how U.S. investors value one of the most important companies in the AI memory supply chain. The company is already listed in Korea $SK Hynix (000660.KR)$ , so this is not its first public listing. But ADR trading on Nasdaq under the expected ticker $SK hynix (SKHY.US)$ should make it easier for U.S. investors to buy the stock in dollars, compare it with Micron, and follow the HBM story more directly. The TSMC premium playbook $Taiwan Semiconductor Manufacturing(TSM)$  </

Next week, I believe the memory sector deserves serious attention. Several major catalysts are lining up at the same time: SK Hynix’s Nasdaq listing, continued DRAM price hikes, changes in long-term contract pricing, and a more supportive macro backdrop. Individually, each of these factors matters. Together, they could mark the beginning of a major re-rating for the memory sector. First, SK Hynix. SK Hynix is expected to list on Nasdaq on July 10, with an estimated issuance size of around $29 billion, making it one of the largest ADR offerings in history. The structure is expected to be 1 ADR representing 0.1 common share. This is not just about adding another tradable ticker. It means global capital will finally have a more direct way to price SK Hynix. For a leading memory player, this c

As SK hynix approaches its July 10 listing event, investors are increasingly asking the same question: Will additional shares entering the market create selling pressure across the memory sector? That concern is understandable. But I believe the market may be focusing on the wrong variable. The long-term direction of memory stocks has never been determined by a listing event alone. It has always been driven by the industry's earnings cycle. Over the past two years, artificial intelligence has fundamentally reshaped the memory market. HBM demand continues to outpace supply. DDR5 adoption is accelerating. Enterprise SSD demand continues to grow alongside AI infrastructure spending. Those structural trends remain far more important than a single capital markets event. Many investors instincti

One headline. That's all it took to reprice the entire AI infrastructure complex. $美光科技(MU)$ $Meta Platforms, Inc.(META)$ Reports that Meta is preparing to commercialize its excess AI compute capacity through a cloud offering immediately reshaped sentiment across the sector. To be clear: Meta isn't selling GPUs. It's monetizing compute services built on infrastructure it already owns — a capital efficiency play, not a capacity retreat. The market didn't see it that way. AI cloud providers including CoreWeave sold off sharply. Memory stocks followed. The logic was simple and fast: if hyperscalers can squeeze more utilization out of existing GPU clusters, maybe they don't need to keep expanding. And if GPU pr

AI stocks were in focus on Wednesday (1 July), as $Meta Platforms, Inc.(META)$ jumped 8.8% following reports that the company is planning to launch a cloud infrastructure business to sell AI computing power and model access to external customers. The move drove the Meta 3x Long DLC up by more than 26%, while the Meta 3x Short DLC declined by a similar magnitude. $Palantir Technologies Inc.(PLTR)$ also gained 7.77% after announcing its partnership with $NVIDIA(NVDA)$ on Sovereign AI, lifting the Palantir 3x Long DLC up by more than 23%, while the Palantir 3x Short DLC fell by a similar magnitude. In contrast, $Micron Technology

I'm going with $193 as my prediction for SK Hynix's $SK hynix(SKHY)$ first-day closing price. The strong oversubscription shows there is solid institutional demand, and I think the Nasdaq listing could attract even more global investors looking for direct exposure to the AI memory theme. What gives me confidence is SK Hynix's leadership in HBM and its important role in the AI supply chain. With AI infrastructure spending still expanding, I believe the company deserves to trade at a premium compared with traditional memory-cycle valuations. That said, I also expect volatility because AI-related semiconductor stocks have been moving sharply in both directions re

🌟🌟🌟I project that $SK hynix(SKHY)$ first day closing price to be USD 188, represent a robust 26% pop from its debut price. Why? The IPO closed a staggering 7 times oversubscribed.  More than 500 elite global investment firms competed for a slice of this enticing pie.  This means many were left empty handed. SK Hynix controls about 55% of the world's HBM market.  Compared to $Micron Technology(MU)$ it has traded at a discount compared to its US peers due to trading restrictions in S Korea market. While long term fundamentals are bullet proof, Day 1 will bring intense volatility. SK Hynix will be one exciting IPO that everyone will be watching like a hawk including me.

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The listing is strategically important because it gives U.S. investors direct exposure to the current HBM leader rather than relying on proxies. SK Hynix has confirmed plans for a Nasdaq ADR listing, with proceeds earmarked for new fabs, advanced packaging and EUV equipment, signalling confidence that AI memory demand will remain strong.  If I were building a position today, I would not buy solely because of the listing. I would: Keep core exposure to memory leaders already trading if valuations remain reasonable. Reserve cash to evaluate the ADR prospectus, including pricing, ADR ratio, dilution, lock-up terms and governance. Avoid chasing if listing enthusiasm pushes valuations far beyond earnings expectations. The long-term AI memory thesis remains compelling, but the memory indust