There's an unusual divergence between price action and the strong fundamentals, which seems to be driven by two factors: Korean NPS rebalancing to keep domestic holdings under a cap limit, and the renewed tensions around Iran and rising oil prices.
The recent selloff has pushed the forward P/E for some of the market's hottest stocks down to the 6-7 range, which doesn't make much sense. I still think a major rebound is likely at some point, and I'm continuing to add to my positions in $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ , $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ , and MU.
That's why I've been stressing the approach of buying in small increments rather than going all-in at once, to preserve some capital in case the selloff goes further than expected.
Looking ahead, there's the $SK hynix(SKHY)$ IPO and $Taiwan Semiconductor Manufacturing(TSM)$ 's monthly guidance on July 10th.
On a separate note, I spent a good part of the day working on using Claude Code to dynamically pull data from financial sites, and I've got the first part working. This should save a lot of research time and improve accuracy. I'll share more details on that later.
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